News for 'Mahindra & Mahindra'

M&M eyes assembly plant in China

Markets fall on selling in IT, banking shares, FII outflows

Among the Sensex firms, HCL Technologies fell the most by 2.4 per cent. IndusInd Bank (2.35 per cent), Infosys (2.28 per cent), Wipro (1.8 per cent), NTPC (1.71 per cent), Asian Paints (1.7 per cent), Tata Consultancy Services (1.36 per cent),Tech Mahindra (1.03 per cent) and SBI (1 per cent) were among the major laggards.

M&M raises $100 mn through FCCBs

Mahindra & Mahindra Ltd has raised $100 million through the issuance of foreign currency convertible bonds with participation from European and Asian investors.

Trade bandh: HMSI, Bajaj Auto, component makers affected

The strike, however, had no impact on production of auto majors Maruti Suzuki India, Hero MotoCorp, Honda Cars India, Mahindra & Mahindra, Tata Motors and Hyundai Motors India as their plants in various parts of the country functioned normally.

M&M sales zoom 35% in 2003-04

Mahindra & Mahindra has posted a 34.8% rise in sales for the fiscal 2003-04 at 1,15,782 vehicles as against 85,835 in 2002-03 while its SUV Scorpio at 23,976 units posted a whopping 103.3 per cent rise over the previous fiscal.

Tractor makers braced to raise prices 3-3.5%

M&M hikes Scorpio, Bolero prices

Mahindra & Mahindra Ltd has raised the prices of its sports utility vehicle Scorpio by Rs 6,500 and that of its multi-utility Bolero by Rs 4,500, effective March 15.

M&M to hike prices of all vehicles

Sensex gains 311 points; reclaims 60K mark

Among the Sensex firms, Kotak Mahindra Bank, Tata Steel, ITC, ICICI Bank, Bajaj Finserv, Maruti, Mahindra & Mahindra and State Bank of India were the biggest winners. Tata Consultancy Services, Infosys, HCL Technologies, Tech Mahindra, Asian Paints, Wipro and Tata Motors were the biggest laggards.

Tata Motors set to roll out revamped Sumo in Jan

Bleak outlook for auto parts suppliers

The auto component sector grew at 5-6 per cent last year against a 13 per cent growth in 2012.

M&M loses Valtra bid

Mahindra & Mahindra Ltd has lost the race to acquire the tractor business of Valtra in Finland and Brazil to US-based Agco, which had bid at euro 600 million.

M&M low-end Scorpio soon

Even as Mahindra & Mahindra unleashes the new improved Scorpio, its plans to launch a low-end version of the stinger for mass market are currently on.

M&M to pick 20% more in Punjab Tractors

Utility vehicle-maker Mahindra & Mahindra, which agreed to buy 43.3 per cent stake in Punjab Tractors Ltd last week, on Monday made an open offer to acquire an additional 20 per cent in the company.

SBI, M&M in credit pact for farmers to buy tractor

In order to provide cheaper credit to farmers for buying tractors and equipment, SBI has tied up with Mahindra & Mahindra to offer a concessional interest rate of 11 per cent with one year's gestation period for the purchase of M&M's tractors.

Maruti, M&M, Tata Motors begin new fiscal on a strong note

In the two wheeler segment, TVS Motor Company reported a 24 per cent increase in total sales at 304,795 units in April.

M&M defers plans to buy US design firm

Markets break 5-day rally; Sensex tumbles 709 points

Equity benchmarks Sensex and Nifty halted their five-day rally on Tuesday and settled deep in the red, mirroring weak global markets, with decline in index heavyweights Reliance Industries, Infosys and HDFC Bank. Despite opening with gains of over 200 points, the 30-share Sensex turned highly volatile and tumbled 709.17 points or 1.26 per cent to close at 55,776.85. During the day, the benchmark index plunged 1,067.07 points or 1.88 per cent to 55,418.95. The broader NSE Nifty also declined 208.30 points or 1.23 per cent to close at 16,663.

M&M Q3 net at Rs 30.78 cr

Mahindra & Mahindra Ltd has posted a net profit of Rs 307.86 million for the quarter ended December 31, 2002 as compared to Rs 243.20 million for the quarter ended December 31, 2001.

Maruti, Honda, M&M report robust sales in January

While Hyundai Motor India reported a marginal growth, Toyota Kirloskar Motor witnessed a dip in sales last month.

Sensex falls below 65K; IT, metal stocks weigh

Equity benchmark index Sensex buckled under selling pressure for the second straight session to close below the 65k mark on Friday, as investors offloaded IT, teck and metal stocks amid a bearish global trend. Besides, fresh foreign fund outflows also hit investor sentiments, traders said. In a volatile trade, the 30-share BSE Sensex declined 202.36 points or 0.31 per cent to settle at 64,948.66.

How Mahindra's Igatpuri factory became carbon neutral

The Mahindra group's Igatpuri plant becomes the first in India to be declared carbon-neutral. Ashish Narsale / Rediff.com finds out how this was achieved.

IS Thar the pinch-hitter Mahindra so badly needs?

With the Thar, M&M has come full circle. In a market where every other vehicle has an SUV tag, the company plans to stick to its core competence of making rugged, true-blue, all-terrain SUVs, and marks a fresh beginning for the 75-year-old firm that enjoyed an indomitable position in the SUV segment till 2012, reports Shally Seth Mohile.

Mahindra launches Bolero variant at Rs 6.59 lakh

This new compact SUV is offered in SLE, SLX and ZLX variants