Edition:
India

Mahindra and Mahindra Ltd (MAHM.NS)

MAHM.NS on National Stock Exchange of India

510.20INR
6 Dec 2019
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Latest Key Developments (Source: Significant Developments)

Mahindra And Mahindra Says Nov Sales Down
Thursday, 5 Dec 2019 

Dec 5 (Reuters) - Mahindra and Mahindra Ltd ::MAHINDRA AND MAHINDRA LTD - NOV PRODUCTION 41,846 VEHICLES VERSUS 39,331 LAST YEAR.MAHINDRA AND MAHINDRA LTD - NOV EXPORTS 2,621 VEHICLES VERSUS 3,521 LAST YEAR.MAHINDRA AND MAHINDRA LTD - NOV SALES 38053 UNITS VERSUS 41557 UNITS.  Full Article

Mahindra And Mahindra Buys 36.63% Stake Of Meru
Thursday, 5 Dec 2019 

Dec 5 (Reuters) - Mahindra and Mahindra Ltd ::MAHINDRA AND MAHINDRA LTD - ACQ UIRED 36.63% OF EQUITY SHARE CAPITAL OF MERU IN FIRST TRANCHE OF INVESTMENT.MAHINDRA AND MAHINDRA LTD - DEAL FOR 447.1 MILLION RUPEES.  Full Article

India's Mahindra And Mahindra Sept-Qtr PAT Falls
Friday, 8 Nov 2019 

Nov 8 (Reuters) - Mahindra and Mahindra Ltd ::SEPT QUARTER PROFIT AFTER TAX 12.13 BILLION RUPEES VERSUS PROFIT OF 16.49 BILLION RUPEES YEAR AGO.CONSENSUS FORECAST FOR SEPT QUARTER PROFIT WAS 11.50 BILLION RUPEES.SEPT QUARTER REVENUE FROM OPERATIONS 110.76 BILLION RUPEES VERSUS 129.89 BILLION RUPEES YEAR AGO.Q3 HAS STARTED ON POSITIVE NOTE WITH GOOD DELIVERIES BOTH IN AUTOMOTIVE AND TRACTOR SEGMENTS.  Full Article

Mahindra And Mahindra October Vehicle Production Falls 21%
Tuesday, 5 Nov 2019 

Nov 5 (Reuters) - Mahindra and Mahindra Ltd ::OCT PRODUCTION 44,697 VEHICLES VERSUS 56,752 YEAR AGO.OCT SALES 48,724 VEHICLES VERSUS 55,340 YEAR AGO.OCT EXPORTS 2,694 VEHICLES VERSUS 3,066 YEAR AGO.  Full Article

Mahindra And Mahindra Says Overall Automotive Sales Stood At 51,896 Vehicles In Oct
Friday, 1 Nov 2019 

Nov 1 (Reuters) - Mahindra and Mahindra Ltd ::MAHINDRA AND MAHINDRA LTD SAYS MAHINDRA’S AUTO SECTOR SELLS 51,896 VEHICLES DURING OCTOBER 2019.MAHINDRA AND MAHINDRA LTD SAYS IN COMMERCIAL VEHICLES SEGMENT, CO SOLD 23,582 VEHICLES IN OCT 2019, AS AGAINST 24,353 VEHICLES IN OCTOBER 2018..MAHINDRA AND MAHINDRA - CO'S OVERALL AUTOMOTIVE SALES (DOMESTIC + EXPORTS) STOOD AT 51,896 VEHICLES IN OCT 2019, VERSUS 58,416 VEHICLES DURING OCT 2018.MAHINDRA AND MAHINDRA-IN PASSENGER VEHICLES SEGMENT(WHICH INCLUDES UVS, CARS AND VANS),SOLD 18,460 VEHICLES IN OCT 2019 VERSUS 24,066 VEHICLES IN OCT 2018.  Full Article

Ford Says Lowering FY Company Adjusted. EBIT Outlook
Thursday, 24 Oct 2019 

Oct 23 (Reuters) - Ford Motor Co ::‍​QTRLY EARNINGS PER SHARE $0.11; QTRLY ADJUSTED EARNINGS PER SHARE $0.34.QTRLY TOTAL REVENUE $37 BILLION, DOWN 2% LARGELY AS A RESULT OF CURRENCY EXCHANGE.Q3 EARNINGS PER SHARE VIEW $0.26, REVENUE VIEW $33.98 BILLION -- REFINITIV IBES DATA.SEES FY ADJUSTED EARNINGS PER SHARE $1.20 TO $1.32.FY2019 EARNINGS PER SHARE VIEW $1.26 -- REFINITIV IBES DATA.QTRLY AUTOMOTIVE REVENUE $33.93 BILLION VERSUS $34.66 BILLION.Q3 PERFORMANCE INCLUDED PROGRESS IN N.AMERICA, EUROPE & CHINA AUTOMOTIVE BUSINESS, STRONG RESULTS FROM FORD CREDIT.LOWERING FY COMPANY ADJUSTED. EBIT OUTLOOK TO BETWEEN $6.5 BILLION AND $7.0 BILLION.STILL ANTICIPATED FY GROWTH IN ADJUSTED. FCF, DRIVEN BY AUTOMOTIVE.Q3 EPS DECLINE PRIMARILY ATTRIBUTABLE TO CHARGES FOR SPECIAL ITEMS RELATED WITH GLOBAL REDESIGN.SPECIAL ITEMS IN Q3 INCLUDED CHARGES RELATED TO PROPOSED CREATION OF JV IN INDIA WITH MAHINDRA & MAHINDRA.FORD - Q4 HEADWINDS, HIGHER WARRANTY COSTS, HIGHER THAN PLANNED INCENTIVES IN N.AMERICA, LOWER VOLUMES IN CHINA INTENSIFIED SINCE LAST FY GUIDANCE.FORD - CASH BALANCE AND LIQUIDITY REMAIN ABOVE TARGETS OF $20 BILLION AND $30 BILLION.  Full Article

Mahindra And Mahindra's Anand Mahindra Set To Take Over As Non-Exec Chairperson - CNBC TV18
Tuesday, 22 Oct 2019 

Oct 22 (Reuters) - :MAHINDRA AND MAHINDRA'S ANAND MAHINDRA SET TO TAKE OVER AS NON-EXEC CHAIRPERSON - CNBC TV18.MAHINDRA AND MAHINDRA'S ANISH SHAH MAY SUCCEED PAWAN GOENKA AS THE MANAGING DIRECTOR - CNBC TV18.  Full Article

India's Mahindra And Mahindra Exec Says JV With Ford Will Increase Sourcing From India To $7 Bln
Tuesday, 1 Oct 2019 

Oct 1 (Reuters) - FORD MOTOR AND INDIA'S MAHINDRA AND MAHINDRA EXECS SAY::JV WITH MAHINDRA AND MAHINDRA PLACES INDIA AT THE VERY CENTRE OF FORD'S INTERNATIONAL STRATEGY.JV WILL INCREASE SOURCING FROM INDIA TO $7 BILLION FROM AROUND $5.5 BILLION.JV WILL ENSURE WE WILL NOT HAVE TO INVEST IN ANY NEW CAPACITY.JV WILL HAVE TOTAL 1.2 MILLION CAPACITY.JV WILL HAVE TOTAL ANNUAL PRODUCTION CAPACITY OF 1.2 MILLION VEHICLES.ENTERPRISE VALUE OF JV IS AT 19.25 BILLION RUPEES.MGMT WILL BE INDUCTED BY MAHINDRA IN NEW JV APPROVED BY FORD.WILL LOOK AT COMMON PLATFORMS ACROSS MAHINDRA, FORD AND SSANGYONG MOTOR.NEW JV COMPANY WILL HAVE 14% COMBINED MARKET SHARE.NEW JV COMPANY WILL BE EBITDA POSITIVE FROM FIRST DAY ITSELF.IN THE PROCESS OF DECIDING ON BUILDING AN ELECTRIC VEHICLE ON FORD'S CAR PLATFORM.THERE WILL BE NO JOINT BRANDING UNDER THE JV.THERE WILL BE NO JOB LOSSES BECAUSE OF JV.  Full Article

Mahindra And Ford Announce A Joint Venture In India And Emerging Markets
Tuesday, 1 Oct 2019 

Oct 1 (Reuters) - Ford Motor Co ::MAHINDRA AND FORD ANNOUNCE A JOINT VENTURE TO DRIVE PROFITABLE GROWTH IN INDIA AND EMERGING MARKETS.FORD MOTOR CO - JOINT VENTURE VALUED AT INR 1,925 CRORES.FORD MOTOR CO - MAHINDRA AND FORD WILL FORM A JOINT VENTURE, WITH MAHINDRA OWNING A 51 PERCENT CONTROLLING STAKE AND FORD OWNING A 49 PERCENT STAKE.FORD MOTOR CO - JV WILL BE OPERATIONALLY MANAGED BY MAHINDRA, AND ITS GOVERNANCE WILL BE EQUALLY COMPOSED OF REPRESENTATIVES OF MAHINDRA AND FORD.FORD MOTOR CO - MAHINDRA WILL CONTINUE TO OWN MAHINDRA BRAND AND OPERATE ITS OWN INDEPENDENT DEALER NETWORK IN INDIA.FORD MOTOR CO - FORD WILL RETAIN FORD ENGINE PLANT OPERATIONS IN SANAND, GLOBAL BUSINESS SERVICES UNIT, FORD CREDIT AND FORD SMART MOBILITY.FORD MOTOR CO - FORD WILL TRANSFER ITS INDIA OPERATIONS TO JOINT VENTURE, INCLUDING ITS PERSONNEL AND ASSEMBLY PLANTS IN CHENNAI AND SANAND.FORD MOTOR - JOINT VENTURE EXPECTS TO INTRODUCE THREE NEW UTILITY VEHICLES UNDER FORD BRAND.FORD MOTOR CO - JOINT VENTURE IS EXPECTED TO BE OPERATIONAL BY MID-2020, SUBJECT TO REGULATORY APPROVALS.FORD MOTOR CO - FORD WILL CONTINUE TO OWN FORD BRAND, AND ITS BRANDED VEHICLES WILL BE DISTRIBUTED THROUGH CURRENT FORD INDIA DEALER NETWORK.FORD MOTOR CO - ANOTHER AREA OF FOCUS FOR JOINT VENTURE WILL BE ELECTRIC VEHICLES.FORD MOTOR CO - JOINT VENTURE WILL BE RESPONSIBLE FOR GROWING FORD BRAND IN INDIA AND EXPORTING ITS PRODUCTS TO FORD ENTITIES GLOBALLY.  Full Article

Ssangyong Motor: Sept Global Sales Down 4.4% Y/Y
Tuesday, 1 Oct 2019 

Oct 1 (Reuters) - Ssangyong Motor Co Ltd <003620.KS>::SAYS SEPT GLOBAL SALES DOWN 4.4% Y/Y TO 10,325 VEHICLES.  Full Article

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Mahindra and Mahindra's second-quarter profit slips 27% as Indian auto slowdown lingers

BENGALURU Mahindra and Mahindra Ltd on Friday reported a 26.5% drop in quarterly net profit as the company struggled to sell cars, trucks and tractors amid a slowdown in Asia's third-largest economy.