Mahindra & Mahindra (M&M) Ltd reported a significant 34 per cent year-on-year increase in Profit After Tax (PAT) to Rs 5,455 crore for the June quarter, driven by strong performance in its Auto and Farm segments despite challenging macro-economic conditions.
Indian passenger vehicle manufacturers are significantly increasing production and stocking dealerships in anticipation of strong festival season demand, with new launches planned and supply bottlenecks being addressed. However, the industry faces potential moderation in growth during the second half of FY27 due to a high base from last year's post-GST surge, commodity inflation, and elevated inventory levels.
Passenger vehicle dispatches in the domestic Indian market are estimated to have surged by 33 per cent to approximately 4.7 lakh units in July, with market leaders Maruti Suzuki and Hyundai reporting record sales, alongside significant growth from Tata Motors and Mahindra & Mahindra.
Mahindra & Mahindra's Q1FY27 results missed consensus estimates due to declining gross margins, but strong demand for its SUV portfolio and strategic price hikes are expected to drive near-term gains, particularly in the auto segment, despite headwinds in farm equipment.
Dempo's Ranty Martins, who was top scorer with 14 goals in the National Football League, was awarded the golden boot award along with a cash prize of Rs 50,000.
Electric passenger vehicle retail sales in India surged by 81.2 per cent to 26,682 units in May, with Tata Motors leading the segment, while electric two-wheeler sales also saw a substantial 62.76 per cent increase, according to the Federation of Automobile Dealers Associations (FADA).
New players like Maruti Suzuki, VinFast, and Tesla are significantly expanding India's electric passenger vehicle (e-PV) market, capturing an 8.1 per cent share and contributing 18 per cent of incremental registrations in the first half of 2026, according to Fada Research data.
The Enforcement Directorate (ED) has arrested a former Kotak Mahindra Bank executive, Pushpinder Singh, alleged to be the mastermind of a Rs 145-crore fraud involving Panchkula municipal corporation officials, bank employees, and private individuals.
A fine show by goalkeeper Vinay Singh enabled Churchill Brothers hold the defending champions goalless.
Mahindra United clinched their maiden National Football League title after East Bengal lost to Sporting Club de Goa 1-3.
To bolster their midfield, weakened by the flight of Ivory Coast's Pierre Douhou to Pune FC, Mumbai glamour outfit Mahindra United signed up Serbian Svetozar Mijin from Romania's top division Club FC Politehnica Iasi for the upcoming football season.
Indian benchmark indices, Sensex and Nifty, closed flat on Friday, with elevated crude oil prices due to geopolitical uncertainties and a rebound in US Treasury yields making investors cautious and preventing a decisive market rally.
The Mumbai champions beat Tollygunge Agragami in their concluding match in the National Football League.
The former champions went into overdrive to rout the defending champs 3-1 in a delayed (due to the Mumbai terror attacks) 11th round I-League match at the Cooperage in Mumbai on Monday evening. Mahindra, who led 1-0 at half-time, got their goals through Mohammed Rafi (39th minute), sriker Chidi Edeh (78th) and midfielder Pierre Douhou (83rd minute).
Salgaocar Sports Club and Mahindra United played out a goalless draw in a sixth round match of the ONGC I-league at Nehru Stadium, in Margao, Goa, on Wednesday.
Mahindra United gave outgoing coach Derrick Pereira the perfect send-off by clinching the Mumbai Football League for the third year in a row with a 3-2 victory over ONGC in the concluding match at the Cooperage in Mumbai on Monday.
Mohun Bagan won 2-1 to keep their chances alive of finishing runners-up in the National Football League.
The Goan outfit's fifth win pushed them up to the fourth place in the points table in the National Football League.
India Inc's first-quarter earnings season was significantly impacted by the West Asia conflict, leading to rising costs, calibrated price increases, and margin pressures across various sectors including FMCG, automotive, steel, and cement. Companies are implementing price hikes to protect profitability, with many anticipating further escalations if input costs remain elevated.
Dempo Sports Club, Goa beat Mahindra United 2-0 in their opening league match of the eighth National Football League.
Mahindra United scored twice in the second half to blank Chirag United 2-0 in a 13th round encounter of the ONGC I-league at the Yuva Bharati Krirangan in Kolkata on Sunday. The Mumbai side drew first blood through Steven Dias and then settled the issue through Edeh Chidi, as the local side failed to convert their few chances.
Passenger vehicle sales in India are estimated to have surged by nearly 25 per cent in June 2024, reaching approximately 4 lakh units, with Maruti Suzuki, Tata Motors PV, and Mahindra & Mahindra leading the growth, despite concerns over geopolitical tensions and monsoon impact.
Chidi Edeh scored the all-important goal and took JCT to fourth on the NFL table, behind Churchill Brothers, who whipped Mohd Sporting 4-1 in another match.
The Goa team scored a 5-1 victory over the Mumbai champions in the I-League to prove that their Durand Cup triumph was no fluke.
Despite being reduced to tean men, ITI rallied to hold Mahindra 1-1 in the National Football League.
Indian stock markets this week will be primarily influenced by a series of corporate Q1 earnings, the evolving geopolitical situation in West Asia, and fluctuations in crude oil prices, according to market analysts.
The Mumbai champions lost their AFC Cup match to the Bahrain team 0-1.
Mahindra United on Thursday fired their coach Derrick Pereira after the team finished fifth in the recently-concluded I-League. The official word from the Mahindra United camp is that Pereira, who served the club for four years, opted out due to some personal reasons.
Sushant Mathew's goal enabled the Mumbai side snatch a 1-1 draw with the Bahrain giants in the AFC Cup football tournament.
With a lacklustre workmanship on display, East Bengal on Friday escaped with a 1-1 draw against Mahindra United in a Round VII enocounter of the ONGC I-League at Yuba Bharati Krirangan at Salt Lake in Kolkata.
India's domestic passenger vehicle sales experienced a robust 24.6 per cent year-on-year increase in June, propelled by favourable government policies like income tax relief and repo rate cuts, alongside resilient rural demand, even as global crude oil prices pose potential cost pressures.
An injury time goal by Yusif Yakubu guided Mahindra United to a solitary goal victory over New Radiant of Maldives in their Group 'E' home match of the AFC Cup tournament, at the Nehru stadium in Margoa, Goa, on Tuesday.
Abhishek Yadav's goal enabled the defending NFL champions beat Air India in their concluding match and finish on top.
The Mumbai teams undoubtedly took the honours in the third round of matches.
The former India defender and coach of Goa's Vasco Sports club replaces Syed Nayeemuddin.
Mahindra United fought back from two goals down to hold East Bengal in an eighth round match.
Air India scored a 2-1 victory in the battle of Mumbai giants in the National Football League.
Local giants Mahindra United wasted chances galore but did carve out a 2-0 victory in the National Football League.
A goal in each enabled the Mumbai champions beat Indian Bank 2-0 in a National Football League match.
