Edition:
India

Mahindra and Mahindra Ltd (MAHM.NS)

MAHM.NS on National Stock Exchange of India

654.15INR
18 Sep 2020
Change (% chg)

Rs17.35 (+2.72%)
Prev Close
Rs636.80
Open
Rs640.00
Day's High
Rs659.40
Day's Low
Rs634.55
Volume
13,518,215
Avg. Vol
7,138,881
52-wk High
Rs659.40
52-wk Low
Rs245.40

Latest Key Developments (Source: Significant Developments)

Mahindra And Mahindra Says Termination Of Agreement For Sale Of Shares Of Unit
Friday, 11 Sep 2020 

Sept 11 (Reuters) - Mahindra and Mahindra Ltd ::MAHINDRA AND MAHINDRA -TERMINATION OF SHARE PURCHASE AGREEMENT FOR SALE OF SHARES OF NEO SOLREN PVT LTD.  Full Article

India's Mahindra And Mahindra, Israel's REE Automotive Ink Pact
Wednesday, 26 Aug 2020 

Aug 26 (Reuters) - Mahindra and Mahindra Ltd ::MAHINDRA AND REE AUTOMOTIVE SIGN AN MOU.COS TO ESTABLISH A PACT FOR ELECTRIC COMMERCIAL VEHICLES.MAHINDRA AND MAHINDRA - MOU TO EXPLORE DEVELOPMENT, MANUFACTURING OF ELECTRIC COMMERCIAL VEHICLES.  Full Article

Mahindra & Mahindra's Profit Falls Sharply In June-Qtr
Friday, 7 Aug 2020 

Aug 7 (Reuters) - India's Mahindra & Mahindra ::JUNE-QUARTER PROFIT AFTER TAX 1.12 BILLION RUPEES VERSUS PROFIT 23.14 BILLION RUPEES YEAR AGO.CONSENSUS FORECAST FOR JUNE-QUARTER PROFIT WAS 1.60 BILLION RUPEES -- REFINITIV DATA.JUNE-QUARTER REVENUE FROM OPERATIONS 56.02 BILLION RUPEES VERSUS 129.23 BILLION RUPEES YEAR AGO.TO SEEK SHAREHOLDERS' NOD TO CUT STAKE IN SSANGYONG MOTOR TO LESS THAN 50%.  Full Article

Mahindra And Mahindra Exec Says Willing To Let Go Ownership Control Of Ssangyong
Friday, 12 Jun 2020 

June 12 (Reuters) - Mahindra and Mahindra Ltd Exec ::OVER NEXT 12 MONTHS, EVERY BUSINESS THAT IS LOSS-MAKING WILL BE SCRUTINISED FOR FUTURE ACTION COURSE.BUSINESSES WITH UNCLEAR PATH TO PROFIT WILL BE EXITED VIA PARTNERSHIPS, ALLIANCE OR WILL BE SHUTDOWN.BUSINESSES WITH CLEAR PATH TO 18% RETURN ON EQUITY WILL BE CONTINUED.LOOKING FOR INVESTORS IN SSANGYONG.WILLING TO LET GO OWNERSHIP CONTROL OF SSANGYONG.EXPECTS AGGRESSIVE COST OPTIMISATION BETWEEN SEPT 2020-MARCH 2021.EXPECTS STRATEGIC RE-PRIORITISATION OF CAPEX BETWEEN SEPT 2020-MARCH 2021.AUTO MANUFACTURING CAPACITY CURRENTLY AT 30%, ALL SUPPLIERS OPERATIONAL.CO HAS STRONG CASH POSITION TO TACKLE COVID-19.SSANGYONG, OTHER INT'L UNITS DRIVE SIGNIFICANT PROFIT REDUCTION.  Full Article

Mahindra And Mahindra Ltd Says Produced 4619 Units In May 2020
Thursday, 4 Jun 2020 

June 4 (Reuters) - Mahindra and Mahindra Ltd ::MAHINDRA AND MAHINDRA LTD SAYS MAY 2020 PRODUCTION OF 4619 UNITS VERSUS 44087 UNITS IN MAY 2019.  Full Article

Mahindra And Mahindra Says April Domestic Sales At Zero
Friday, 1 May 2020 

May 1 (Reuters) - Mahindra and Mahindra Ltd ::SOLD 733 VEHICLES IN EXPORT MARKET DURING APRIL 2020.DOMESTIC SALES IN APRIL COMPLETELY IMPACTED BY COVID-19 PANDEMIC AND RESULTING NATIONAL LOCKDOWN.FARM EQUIPMENT SECTOR APRIL DOMESTIC TRACTOR SALES AT 4,716 UNITS VERSUS 27,495 UNITS YEAR AGO.  Full Article

Mahindra And Mahindra Approves Issue Of NCDs Aggregating 10 Bln Rupees
Friday, 17 Apr 2020 

April 17 (Reuters) - Mahindra and Mahindra Ltd ::ISSUE OF NON-CONVERTIBLE DEBENTURES AGGREGATING 10 BILLION RUPEES.  Full Article

Mahindra & Mahindra Will Not Inject Any Fresh Equity Into Ssangyong Motor Co
Friday, 3 Apr 2020 

April 3 (Reuters) - Mahindra and Mahindra Ltd ::BOARD TOOK A DECISION THAT M&M WILL NOT BE ABLE TO INJECT ANY FRESH EQUITY INTO SSANGYONG MOTOR COMPANY.AUTHORISED M&M MANAGEMENT TO CONSIDER SPECIAL ONE-TIME INFUSION OF UPTO 40 BILLION KRW ($32M) OVER NEXT THREE MONTHS.BOARD HAS "URGED" SSANGYONG MOTOR CO TO FIND ALTERNATE SOURCES OF FUNDING.M&M TO CONTINUE TO SUPPORT ALL OTHER NON-FUND INITIATIVES CURRENTLY IN PLACE TO HELP SYMC REDUCE CAPEX, SAVE COSTS, SECURE FUNDS.  Full Article

Mahindra And Mahindra March Total Sales At 7,401 Vehicles Vs 62,952 Vehicles Last Yr
Wednesday, 1 Apr 2020 

April 1 (Reuters) - Mahindra and Mahindra Ltd ::MARCH TOTAL SALES AT 7,401 VEHICLES (DOMESTIC + EXPORTS), VERSUS 62,952 VEHICLES IN MARCH, 2019.EXPORTS FOR MARCH STOOD AT 1,271 VEHICLES.IN COMMERCIAL VEHICLES SEGMENT, SOLD 2,325 VEHICLES IN MARCH VERSUS 24,423 VEHICLES IN MARCH 2019.IN MARCH PASSENGER VEHICLES SEGMENT SOLD 3,384 VEHICLES VERSUS 27,646 VEHICLES IN MARCH 2019.SAYS CO HAS CLEARED BS IV INVENTORY, BUT FOR FEWER THAN 100 VEHICLES.SOLD 13,418 TRACTORS IN DOMESTIC MARKET DURING MARCH.  Full Article

Ssangyong Motor says March global sales down 31% y/y
Wednesday, 1 Apr 2020 

April 1 (Reuters) - Ssangyong Motor Co Ltd <003620.KS>: :SSANGYONG MOTOR: MARCH GLOBAL SALES DOWN 31% Y/Y TO 9,345 VEHICLES.  Full Article

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