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India

Mahindra and Mahindra Ltd (MAHM.NS)

MAHM.NS on National Stock Exchange of India

593.30INR
3:58pm IST
Change (% chg)

Rs9.05 (+1.55%)
Prev Close
Rs584.25
Open
Rs581.10
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Rs596.35
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Rs578.75
Volume
3,744,228
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3,536,104
52-wk High
Rs814.00
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Rs502.55

Latest Key Developments (Source: Significant Developments)

Mahindra And Mahindra Sept Production Drops To 39,196 Vehicles
Friday, 4 Oct 2019 

Oct 4 (Reuters) - Mahindra and Mahindra Ltd ::SAYS SEPT PRODUCTION 39,196 VEHICLES VERSUS 52,496 YEAR AGO.SAYS SEPT SALES 40,261 VEHICLES VERSUS 51,248 YEAR AGO.  Full Article

Ford Says Impairment Charge Related To JV With Mahindra Will Not Result In Any Cash Expenditures
Tuesday, 1 Oct 2019 

Oct 1 (Reuters) - Ford Motor Co ::FORD MOTOR CO - CONTINUE TO EXPECT A TOTAL OF ABOUT $11 BILLION IN POTENTIAL EBIT CHARGES FOR OUR GLOBAL REDESIGN ACTIONS, WITH NEGATIVE CASH EFFECTS OF ABOUT $7 BILLION.FORD - CONCLUDED THAT MATERIAL IMPAIRMENT CHARGE RELATED TO FIXED ASSETS IN INDIA AUTOMOTIVE OPERATIONS IS REQUIRED.FORD MOTOR CO - IMPAIRMENT CHARGE RELATED TO JV IN INDIA WITH MAHINDRA & MAHINDRA LIMITED WILL NOT RESULT IN ANY CASH EXPENDITURES.FORD MOTOR CO - EXPECTED IMPAIRMENT CHARGE IS ESTIMATED TO BE IN RANGE OF $800 MILLION TO $900 MILLION AND WILL BE REFLECTED IN OUR FINANCIAL STATEMENTS FOR Q3.FORD - CONCLUSION OF CHARGE BASED ON HELD-FOR-SALE IMPAIRMENT TESTING CONDUCTED FOR ASSETS SALE TO JV IN INDIA BEING CREATED WITH MAHINDRA.  Full Article

India's Mahindra To Have 3 More 'No Production' Days in Q2 Than Earlier Disclosed
Friday, 13 Sep 2019 

Sept 13 (Reuters) - Mahindra and Mahindra Ltd ::WILL HAVE 8-17 'NO PRODUCTION' DAYS IN Q2 FY20, OR 3 DAYS MORE THAN DISCLOSED EARLIER, FOR AUTOMOTIVE PRODUCTION.WILL HAVE 1-3 'NO PRODUCTION' DAYS IN Q2 FY20 FOR FARM EQUIPMENT PRODUCTION.HAS ADEQUATE VEHICLE STOCKS TO MEET DEMAND.  Full Article

Mahindra And Mahindra Says August Total Sales Down 25%
Sunday, 1 Sep 2019 

Sept 1 (Reuters) - Mahindra and Mahindra Ltd says::AUGUST TOTAL SALES DOWN 25% AT 36,085 VEHICLES VERSUS 48,324 VEHICLES YEAR AGO.AUGUST TOTAL DOMESTIC SALES DOWN 26% AT 33,564 VEHICLES VERSUS 45,373 VEHICLES YEAR AGO.AUGUST TOTAL PASSENGER VEHICLES SALES DOWN 32% AT 13,507 VEHICLES VERSUS 19,758 VEHICLES YEAR AGO.AUGUST TOTAL COMMERCIAL VEHICLES SALES DOWN 28% AT 14,684 VEHICLES VERSUS 20,326 VEHICLES YEAR AGO.AUGUST TOTAL EXPORT SALES DOWN 15% AT 2,521 VEHICLES VERSUS 2,951 VEHICLES YEAR AGO.AUGUST TOTAL TRACTOR SALES DOWN 17% AT 14,817 UNITS VERSUS 17,785 UNITS YEAR AGO.  Full Article

India's Mahindra And Mahindra Exec Says Industry Going Through One Of The Biggest Slowdowns
Wednesday, 7 Aug 2019 

Aug 7 (Reuters) - Mahindra and Mahindra Ltd Exec ::INDIA'S MAHINDRA AND MAHINDRA EXEC SAYS INDUSTRY GOING THROUGH ONE OF THE BIGGEST SLOWDOWNS.MAHINDRA AND MAHINDRA EXEC SAYS LOWER AVAILABILITY OF FINANCE, TRANSACTION COST, HURTING INDUSTRY.MAHINDRA AND MAHINDRA EXEC SAYS RURAL DISTRESS, DELAYED MONSOON ALSO HURTING INDUSTRY.MAHINDRA AND MAHINDRA EXEC SAYS WE HAVE GOOD CONTROL OVER INVENTORY.  Full Article

Mahindra And Mahindra Says Need Intervention For Autos Turnaround
Wednesday, 7 Aug 2019 

Aug 7 (Reuters) - Mahindra and Mahindra Ltd executive::NEED SOME KIND OF INTERVENTION FOR TURNAROUND IN AUTO INDUSTRY.TRACTOR SALES LIKELY TO BE FLAT THIS FISCAL.COMMODITY PRICES ARE FALLING, HELPING MAINTAIN MARGINS.GOVERNMENT SHOULD REDUCE GOODS AND SERVICES TAX RATE TO REVIVE AUTO DEMAND.AUTO INDUSTRY SLOWDOWN A 'BIG CONCERN', SEE 'HUGE DANGER' OF JOB LOSSES.PLANNING TO BUILD PLATFORM FOR ELECTRIC VEHICLES.  Full Article

Mahindra And Mahindra Says Mitsubishi UFJ Financial Group Buys Indirect 6.50% Stake In Co
Tuesday, 6 Aug 2019 

Aug 6 (Reuters) - MAHINDRA AND MAHINDRA LTD ::MITSUBISHI UFJ FINANCIAL GROUP BUYS INDIRECT 6.50% STAKE IN CO.  Full Article

Mahindra And Mahindra Says Mahindra Susten, Mitsui To Co-Invest In Distributed Solar Power Projects In India
Monday, 3 Jun 2019 

June 3 (Reuters) - MAHINDRA AND MAHINDRA LTD ::MAHINDRA SUSTEN AND MITSUI TO CO-INVEST IN DISTRIBUTED SOLAR POWER PROJECTS IN INDIA.MAHINDRA SUSTEN TO CONTINUE TO HOLD 51% STAKE IN MARVEL SOLREN, WITH MITSUI HOLDING BALANCE EQUITY.UTILIZING MITSUI’S GLOBAL NETWORK, TOGETHER AIM TO EXPAND BUSINESS TO 150MW BY 2023.  Full Article

Mahindra And Mahindra Invests Over 10 Bln Rupees To Develop Vehicles To Meet Stricter Emission Norms - Exec
Monday, 3 Jun 2019 

June 3 (Reuters) - Mahindra and Mahindra Automotive President, Rajan Wadhera Says: :MAHINDRA AND MAHINDRA LTD EXEC SAYS INVESTED MORE THAN 10 BILLION RUPEES TO DEVELOP VEHICLES TO MEET STRICTER EMISSION NORMS.MAHINDRA AND MAHINDRA LTD EXEC SAYS WILL NOT DEVELOP 1.2 LITRE DIESEL ENGINE UNDER STRICTER EMISSION NORMS.  Full Article

Mahindra And Mahindra Says Mahindra & Mahindra Benefit Trust Sold Co's Shares To CDPQ
Monday, 3 Jun 2019 

June 3 (Reuters) - Mahindra and Mahindra Ltd ::MAHINDRA & MAHINDRA ANNOUNCES SALE OF EQUITY SHARES TO CDPQ.MAHINDRA & MAHINDRA BENEFIT TRUST SOLD 19.2 MLN SHARES OF MAHINDRA & MAHINDRA AMOUNTING TO 12.44 BLN RUPEES, TO CDPQ.  Full Article

RPT-ICRA ratings for Indian debt instruments-Oct 9

(Repeating to add more ratings) Oct 9 Below are the ratings awarded by Investment Information Credit Rating Agency Ltd. (ICRA) for local debt instruments as of October 7, 2019. COMPANY INSTRUMENT RATING AMOUNT MOVEMENT (RS.MLN) ------ ---------- ------ ----- --------- SHORT TERM RATINGS: ----------------