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India

Mahindra and Mahindra Ltd (MAHM.NS)

MAHM.NS on National Stock Exchange of India

602.25INR
20 Oct 2020
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Rs245.40

Latest Key Developments (Source: Significant Developments)

Ssangyong Motor Sept Global Sales Down 4% Y/Y To 9,834 Vehicles
Monday, 5 Oct 2020 

Oct 5 (Reuters) - Ssangyong Motor <003620.KS>: :SSANGYONG MOTOR: SEPT GLOBAL SALES DOWN 4% Y/Y TO 9,834 VEHICLES.  Full Article

Moody's Says India's Auto Unit Sales To Decline At Least 30% In 2020
Tuesday, 8 Sep 2020 

Sept 8 (Reuters) - :MOODY'S INVESTORS SERVICE SAYS INDIA'S AUTO UNIT SALES WILL DECLINE AT LEAST 30% IN 2020.MOODY'S INVESTORS SERVICE SAYS INDIA'S UNIT SALES WILL LIKELY GROW AROUND 20% IN 2021.MOODY'S SAYS IT WILL TAKE AT LEAST ANOTHER FOUR YEARS FOR INDIA'S UNIT SALES TO RECOVER TO PRE-PANDEMIC LEVELS.  Full Article

India's Mahindra And Mahindra Aug Total Sales 30,426 Units VS 36,085 Units Yr Ago
Tuesday, 1 Sep 2020 

Sept 1 (Reuters) - Mahindra and Mahindra Ltd ::AUG TOTAL SALES OF 30,426 UNITS VERSUS 36,085 UNITS LAST YEAR.SAYS AUG TOTAL DOMESTIC SALES OF 29,257 UNITS VERSUS 33,564 UNITS LAST YEAR.SAYS AUG PASSENGER VEHICLE SALES OF 13,651 UNITS VERSUS 13,507 UNITS LAST YEAR.AUG EXPORTS OF 1169 UNITS VERSUS 2,521 UNITS LAST YEAR.SAYS AUG DOMESTIC TRACTOR SALES OF 23,503 UNITS VERSUS 13,871 UNITS LAST YEAR.SAYS AUG TOTAL TRACTOR SALES OF 24,458 UNITS VERSUS 14,817 UNITS LAST YEAR.  Full Article

Ssangyong Motor August Global Sales Down 20% Y/Y To 8,027 Vehicles
Tuesday, 1 Sep 2020 

Sept 1 (Reuters) - :SSANGYONG MOTOR: AUGUST GLOBAL SALES DOWN 20% Y/Y TO 8,027 VEHICLES.  Full Article

Mahindra And Mahindra Says Extension Of Sale Date Of Neo Solren Pvt Ltd
Monday, 31 Aug 2020 

Aug 31 (Reuters) - Mahindra and Mahindra Ltd ::MAHINDRA AND MAHINDRA LTD SAYS EXTENSION OF DATE OF SALE OF NEO SOLREN PRIVATE LIMITED.MAHINDRA AND MAHINDRA -IN VIEW OF COVID-19 PANDEMIC, COMPLETION OF SALE/DISPOSAL OF NSPL EXPECTED BY SEPT 2020.  Full Article

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

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Sensex, Nifty end higher on Reliance boost, recovery hopes

BENGALURU Indian shares closed higher on Wednesday, tracking a broader rally in equities after robust manufacturing data strengthened prospects of an economic recovery, with gains propelled by the country's most valuable company Reliance Industries.