Edition:
India

Mahindra and Mahindra Ltd (MAHM.NS)

MAHM.NS on National Stock Exchange of India

567.75INR
24 Jan 2020
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Rs1.25 (+0.22%)
Prev Close
Rs566.50
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Rs564.10
Volume
2,284,717
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Rs715.40
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Rs502.55

Latest Key Developments (Source: Significant Developments)

Mahindra And Mahindra Dec Production 33888 Units
Monday, 6 Jan 2020 

Jan 6 (Reuters) - Mahindra and Mahindra Ltd ::DEC PRODUCTION 33888 UNITS VERSUS 27653 UNITS.  Full Article

Mahindra And Mahindra Approves Transition Of Anand Mahindra To The Role Of Non-Exec Chair
Friday, 20 Dec 2019 

Dec 20 (Reuters) - Mahindra and Mahindra Ltd ::APPROVES TRANSITION OF ANAND MAHINDRA, EXECUTIVE CHAIRMAN TO THE ROLE OF NON-EXECUTIVE CHAIRMAN.R. PAWAN KUMAR GOENKA, MD, REDESIGNATED AS MD AND CEO WITH EFFECT FROM APRIL 1, 2020 TILL NOVEMBER 11, 2020.APPROVES APPOINTMENT OF ANISH SHAH AS MD DESIGNATED AS 'MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER'.BOARD APPROVED APPOINTMENT OF ANISH SHAH AS CFO, CEO AND MD.APPROVES CESSATION OF V S PARTHASARATHY AS THE CHIEF FINANCIAL OFFICER.  Full Article

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

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U.S. regulator to review recommendation on Fiat Chrysler's Jeep complaint against Mahindra

DETROIT A U.S. regulator said it will review part of a recommendation made last fall that India's Mahindra and Mahindra Ltd infringed upon the intellectual property rights of Fiat Chrysler Automobiles' Jeep SUV design.