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Mahindra and Mahindra Ltd (MAHM.NS)

MAHM.NS on National Stock Exchange of India

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Latest Key Developments (Source: Significant Developments)

Ssangyong Motor July Global Sales Down 31% Y/Y To 7,489 Vehicles
Monday, 3 Aug 2020 

Aug 3 (Reuters) - :SSANGYONG MOTOR: JULY GLOBAL SALES DOWN 31% Y/Y TO 7,489 VEHICLES.  Full Article

Bristlecone, A Mahindra Group Company, Names Nirav Patel As President And CEO
Tuesday, 28 Jul 2020 

July 28 (Reuters) - BRISTLECONE::BRISTLECONE, A MAHINDRA GROUP COMPANY, NAMES NIRAV PATEL AS PRESIDENT AND CEO.  Full Article

Mahindra And Mahindra Board Recommends Dividend Of 2.35 Rupees/Share
Friday, 12 Jun 2020 

June 12 (Reuters) - Mahindra and Mahindra Ltd ::ENHANCED LIMIT OF RAISING FUNDS BY WAY OF ISSUANCE OF SECURITIES FROM EXISTING LIMIT OF 50 BILLION RUPEES TO 75 BILLION RUPEES.BOARD RECOMMENDED DIVIDEND OF 2.35 RUPEES/SHARE.RECOGNISED LOSS OF 27.80 BILLION RUPEES FOR QUARTER ON ACCOUNT OF IMPAIRMENT PROVISION FOR CERTAIN LONG-TERM INVESTMENTS.  Full Article

India's Mahindra And Mahindra Reports March-Qtr Loss After Tax 25.02 Bln Rupees
Friday, 12 Jun 2020 

June 12 (Reuters) - Mahindra and Mahindra Ltd ::MARCH-QUARTER LOSS AFTER TAX 25.02 BILLION RUPEES VERSUS PROFIT 8.49 BILLION RUPEES YEAR AGO.CONSENSUS FORECAST FOR MARCH-QUARTER PROFIT WAS 4.64 BILLION RUPEES -- REFINITIV DATA.MARCH-QUARTER REVENUE FROM OPERATIONS 91.44 BILLION RUPEES VERSUS 140.35 BILLION RUPEES YEAR AGO.  Full Article

Mahindra Says Lockdown Caused Loss of 87k Vehicles, 30k Tractors in Sales in June-Qtr
Wednesday, 3 Jun 2020 

June 3 (Reuters) - Mahindra and Mahindra Ltd ::ESTIMATED QUANTUM OF LOSS DUE TO COVID19 LOCKDOWN FOR Q1 F21 IS AROUND 87,000 VEHICLES AND AROUND 30,000 TRACTORS.ESTIMATED QUANTUM OF LOSS DUE TO COVID19 LOCKDOWN FOR MARCH 2020 IS AROUND 23,400 VEHICLES & 14,700 TRACTORS.EXPECTS TO MITIGATE COVID HIT BY REDUCING VARIABLE AND FIXED COSTS AND AFTER ABSORBING ALL IDLE OVERHEADS CAUSED BY LOCKDOWN.PRODUCTION AT VENDORS END IS RESUMING GRADUALLY; ALMOST 100% OF SUPPLIERS NOW OPERATIONAL.SUPPLIERS FACING CHALLENGES IN TERMS OF WORKING CAPITAL, MANPOWER, LIMITED WORKING HOURS.EXPECTS QUICKER RECOVERY IN RURAL INDIA FOR AUTO SECTOR COMPARED WITH URBAN SEGMENT.EXPECT TRACTOR DEMAND TO SHOW 'GOOD IMPROVEMENT' IN SHORT-TERM DUE TO RECORD RABI CROP, OTHER FACTORS.IMPACT OF COVID-19 IS NOT COVERED UNDER INSURANCE.  Full Article

Mahindra And Mahindra May Vehicle Sales Fall 79% Y/Y To 9,560
Monday, 1 Jun 2020 

June 1 (Reuters) - Mahindra and Mahindra Ltd ::MAY VEHICLE SALES FALL 79% Y/Y TO 9,560.EXPORTS FOR MAY WERE 484 VEHICLES.MAY TOTAL TRACTOR SALES WERE 24,341 UNITS VERSUS 24,704 UNITS LAST YEAR.  Full Article

Ssangyong Motor says May global sales down 33% y/y
Monday, 1 Jun 2020 

June 1 (Reuters) - Ssangyong Motor Co Ltd <003620.KS>::SSANGYONG MOTOR: MAY GLOBAL SALES DOWN 33% Y/Y TO 8,286 VEHICLES.  Full Article

Mahindra And Mahindra Europe Arm To Buy Peugeot Motocycles
Friday, 25 Oct 2019 

Oct 25 (Reuters) - Mahindra And Mahindra Ltd ::MAHINDRA TWO WHEELERS EUROPE TO ACQUIRE FULL OWNERSHIP OF PEUGEOT MOTOCYCLES.TO INTRODUCE SEVEN NEW PRODUCTS BETWEEN 2019 AND 2021.THE PEUGEOT BRAND WILL CONTINUE TO BE USED INTO THE FUTURE.  Full Article

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

Morning News Call - India, June 22

To access a PDF version of this newsletter, please click here http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_06222020.pdf If you would like to receive this newsletter via email, please register at: http://solutions.refinitiv.com/MNCIndiaSubscriptionpage FACTORS TO WATCH 1:30 pm: Fitch Ratings’ webinar on “Outlook for Asia-Pacific Sovereigns: Recovery amid lingering rating pressures” in Mumbai. LIVECHAT - REUTERS GLOBAL MARKETS FORUM Mik