| Mahindra India Related news |
Mahindra and Mahindra sets aggressive goals for farm equipment business
Posted on 3rd July 2018 |
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Mahindra and Mahindra, (M&M) a market leader in tractor and farm equipment, has set itself an aggressive goal for both domestic and overseas business as it charts the next phase of growth. As part of the plan, the company envisages drawing half of its revenue in the segment from overseas operations over the next two to three years, up from the current 37 per cent, even as it aspires to increase its share in the domestic tractor market form the current 43 per cent to 50 per cent, company's top official said. |
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Mahindra and CIE Automotive reap dividends of partnership forged 5 yrs ago
Posted on 13th June 2018 |
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Five years since Mahindra and Mahindra and CIE Automotive stitched a deal to create a large auto component firm with a global footprint, the strategy has paid off for both the companies in terms of operational and financial performance and market capitalisation. Having successfully integrated the businesses across the geographies, Mahindra CIE is now scouting for acquisition of auto component firms in India in a bid to plug some gaps in its product and customer portfolio said Hemant Luthra, non-executive chairman, Mahindra CIE. |
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M&M to return to China, tap $25-billion agri equipment market
Posted on 8th June 2018 |
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MUMBAI: Mahindra & Mahindra, the world’s largest tractor maker by volume that exited a Chinese joint venture last year, is planning to return to the $25-billion agriculture equipment market in that country. This time, the company will be venturing on its own to the market, and focusing on the much larger farm machinery space and not just on tractors. In 2017, it had sold a 51% stake in China’s Yueda Yancheng Tractor for Rs 80 crore. |
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Mahindra & Mahindra's Iran expansion may hit US sanctions bump
Posted on 4th June 2018 |
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Mahindra & Mahindra's (M&M) plan to venture into the Iranian automotive market, for which it recently partnered Azim Khodro, is facing some uncertainty after the US reimposed sanctions on the Persian Gulf country. A company spokesperson, in response to DNA Money queries, said that the implications of the sanctions are being studied and a "considered decision will be made at an appropriate time". |
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M&M hits new high on strong Q4 results
Posted on 30th May 2018 |
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Shares of Mahindra & Mahindra (M&M) hit a new high of Rs 895 per share, up 3%, extending their 2.2% gain on Tuesday on the BSE in an otherwise weak market, after the company reported a strong 50% year on year growth in consolidated net profit at Rs 11.55 billion in March 2018 quarter (Q4FY18). It had profit of Rs 7.7 billion in the same quarter last fiscal. |
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M&M Q4 net surges 50% to Rs 1,155 cr on robust sales
Posted on 29th May 2018 |
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Mahindra & Mahindra today posted 50 percent jump in net profit to Rs 1,155 crore for the March quarter, driven by robust sales across segments including utility vehicles and tractors. M&M had reported a net profit of Rs 770 crore during the January-March quarter of the previous fiscal. |
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Mahindra & Mahindra to set up agriculture research centre in US
Posted on 2nd May 2018 |
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Mahindra & Mahindra (M&M), the world’s largest tractor manufacturer by volume, said it plans to set up a Mahindra Ag Tech Centre in US at the Virginia Tech Corporate Research Center. The company said in a release on Tuesday that the research facility will focus on creating technology products for the North American agriculture market. Currently, M&M is ranked third in the 0-120 HP category of tractors in the US. |
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Analyst Corner: Maintain ‘buy’ on M&M Fin Services with TP of Rs 600
Posted on 28th April 2018 |
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Mahindra & Mahindra Financial Services reported PAT of Rs 420 crore (5% miss). While net income was in line and provisions were lower than estimated (23% lower), higher one-time gratuity provisions and employee incentive cost led to the PAT miss. Calculated NIM on AUM expanded 140bp q-o-q, led by yield expansion, as MMFS gained market share in used vehicles and non-M&M OEMs. b) Adj. |
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M&M's tractor business now worth twice as much as automotive division
Posted on 24th April 2018 |
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Mahindra & Mahindra (M&M), the country’s biggest tractor maker, has seen its market cap swelling by over Rs 100 billion since the start of the new financial year, giving it a valuation of Rs 1.03 trillion. The stock hit a new high of Rs 839 on Tuesday, showing a cumulative increase of over 12 per cent since the beginning of April. The only visible trigger for this price increase is the forecast of a normal monsoon by private forecaster Skymet, as well as the India Meteorological Department (IMD). |
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