- Tag results for Mahindra and Mahindra
On the equity volume front, 2.76 lakh shares of the company were traded on BSE and 46 lakh shares changed hands on NSE during the day.
M&M said the cost of acquisition is up to CAD 6.63 million (equivalent to approximately Rs 34.5 crore) to be paid in cash.
Auto sales across all vehicle segments registered robust growth in March, buoyed by improved spending in rural and semi-urban areas.
In the domestic market, its sales grew 21 per cent to 36,039 units last month compared to 29,869 in November 2016.
Home-grown utility vehicles major Mahindra and Mahindra today reported a 24.79 per cent increase in standalone net profit at Rs 1,331.57 crore for the second quarter to September.
Taking the war to the utility vehicles segment, where it has been losing market share over the past few years, homegrown auto major Mahindra has launched a new, revamped version of the KUV100 compact.
Indian automaker Mahindra and Mahindra Ltd and Ford Motor Co said on Monday the two companies are exploring forming a strategic alliance.
Automakers are planning to pass on the increased cess on mid-sized and large cars along with SUVs, after the GST Council's decision to raise it by up to 7 per cent.
Mahindra and Mahindra launched e-rickshaw, e-Alpha Mini, priced at Rs 1.12 lakh, ex-showroom Delhi, as part of plans to expand its electric vehicle portfolio in the country.
Mahindra and Mahindra is back to the drawing board working on a slew of measures, including new launches and better product positioning, in its bid to regain lost ground.
Mahindra and Mahindra group today said it will exit from its China joint venture for tractor business, Mahindra Yueda Yancheng Tractor Company, by selling entire stake for RMB 82 million.
India has already banned sales of vehicles running on older Euro III compliant fuel technology from April 1.
A normal monsoon coupled with the expectation of good rabi crop will boost tractor demand, a company official said.