Mahindra and Mahindra will set up a medium and heavy commercial vehicle plant in Maharashtra at a cost of Rs 2,500 crore
The Sensex posted its biggest single-day jump in over a decade at 1,921 points and investors' wealth soared by a staggering Rs 6.8 lakh crore after Finance Minister Nirmala Sitharaman delivered a surprise cut in corporate tax rates on Friday.
An Indian ownership of Jaguar, one of the two luxury cars that the US car maker Ford is selling off, is not acceptable to the American dealers of the brand. Tata group and Mahindra & Mahindra are two of the front-runners for acquisition of Jaguar and Land Rover, along with a private equity bidder, One Equity that is led by a former Ford CEO.
Mahindra & Mahindra Ltd on Thursday announced its plans to set up a special economic zone at Jaipur entailing an investment of $2 billion.
Homegrown auto major Mahindra & Mahindra on Thursday said it will recall 900 units of a variant of its popular sports utility vehicle Scorpio, manufactured between October and November this year, to rectify faulty pressure valve.
Maruti will showcase its first concept electric vehicle, the e-SURVIVOR; M&M it's six new EVs, including two futuristic concepts
Other losers included HCL Tech, Yes Bank, IndusInd Bank, TCS, ONGC, Bajaj Finance, PowerGrid, Vedanta, Asian Paints, NTPC and Hero MotoCorp, which shed up to 4.07 per cent.
Mahindra launches e-mobility platform 'Glyd' to take on Ola, Uber. Targeted at office-going executives, it offers web-conferencing, curated entertainment and music content from selective partners.
From Dabur to HUL, here are 10 stocks with significant rural exposure in the auto, agri-chemical and fast moving consumer goods sectors, which should see an uptick in sales growth.
Through its new facility, the company would employ nearly 2,000 persons, a company release said.
Automobile major Mahindra & Mahindra will acquire a 67.9 per cent stake in Jeco Holding AG, one of the top five forgings companies in Germany.
From the 30-Sensex pack, 26 stocks ended with gains led by Tata Steel and ICICI Bank
The ban does not speak about used luxury cars.
A new generation with different mindsets now dominates offices.
A new generation with different mindsets now dominates offices.
The markets have opened on positive note but failed to sustain gains
Leading utility and light commercial vehicles maker, Mahindra & Mahindra Ltd on Monday said it would acquire 88.41 per cent stake in Mauritius-based Plexion Technologies, a group company of J P Morgan.
Companies expect recovery in second half of fiscal as BS VI approaches, claim banks and NBFCs showing greater interest in financing.
A significant portion of the growth in June was propelled by new car launches, including Maruti's SX4, M&M's Logan and GM's Chevrolet Spark.
Mahindra and Mahindra on Wednesday said it would attain annual production of 6,000 tractors in China by the end of these fiscal, months after it began operations in the country through a joint venture.\n
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
Diversified group Mahindra and Mahindra will set up its third Special Economic Zone at Pune, which is likely to see investments of Rs 9,000 crore (Rs 90 billion).
Utility vehicle and tractor manufacturer Mahindra and Mahindra on Monday said it will invest Rs 100 crore (Rs 1 billion) on capacity expansion
During the meeting with Finance Minister Nirmala Sitharaman, the auto industry broadly presented factors such as issues regarding availability and affordability of financing, increasing cost of acquisition of vehicles and change in axle load capacity for commercial vehicles that have hurt demand.
The NSE 50-share after moving between 10,309.85 and 10,261.50 on alternate bouts of selling and buying, finished at 10,298.75, with paltry gains of 15.15 points, or 0.15 per cent.
S&P BSE Midcap shed 0.8% while S&P BSE Smallcap tumbled 0.6%
The broader 50-issue NSE Nifty dropped 38.35 points, or 0.38 per cent, to close at 10,186.60
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Commissioner of Central Excise (adjudication), Mumbai, has ordered Mahindra & Mahindra Ltd to pay Rs 216.03 crore (Rs 2.16 billion) as differential duty and Rs 88.08 crore (Rs 880 million) as penalty under the Central Excise Act.
Mahindra & Mahindra on Tuesday launched its flagship vehicle 'Scorpio' with common rail diesel engine to meet the BS III auto emission norms.
Dealer despatches will probably be a good signal of economic turnaround or further deterioration, says Devangshu Datta.
