Mahindra & Mahindra on Monday said its total wholesales increased 9 per cent year-on-year to 76,755 units in August. The company’s total dispatches to its dealers stood at 70,350 units in August 2023. The Mumbai-based auto major’s passenger vehicle sales in the domestic market rose 16 per cent to 43,277 units last month against 37,270 … Read more
Rajesh Jejurikar, ED & CEO, Auto & Farm, M&M, says they have a total capacity of 9,500 with some fungibility on how much we can make of 3-door and 5-door. But of course, there will be cannibalisation but overall we think there will be a lot of growth. On new Mahindra Thar RoxxRajesh Jejurikar: The … Read more
Mahindra & Mahindra on Friday denied report which said that the Indian automaker and China’s Shaanxi Automobile Group have agreed to set up a $3 billion joint venture to build a car manufacturing plant in India and are awaiting New Delhi’s approval. The automaker called the Reuters report to be ‘unfounded and said that there … Read more
Automaker Mahindra & Mahindra on Wednesday clarified that there is no linkage between its recently announced price cut of XUV700 variants and Uttar Pradesh’s electric vehicle/hybrid vehicle policy. “The announced price cut of XUV700 is a continuation of our business strategy execution that was articulated in our 14th February 2024 analyst meeting where we clearly … Read more
Amid weakening demand and rising inventory, leading automakers Tata Motors and Mahindra & Mahindra (M&M) on Tuesday announced heavy discount on purchase of their select and popular SUVs. Mahindra XUV700 approaches its three-year anniversary in the Indian market, M&M has announced celebratory discounts of over Rs 2 lakh on its range-topping AX7 variants for the … Read more
The Indian market witnessed marginal decline in profit-booking on Monday amid mixed cues. The S&P BSE Sensex fell over 200 points while the Nifty50 was down more than 30 points to close at 23,259. Sectorally, selling was seen in metal, oil & gas and IT stocks while buying was seen in realty, utilities, telecom and … Read more
Indian automaker Mahindra & Mahindra has signed a supply agreement with Germany-based Volkswagen Group on components for M&M’s INGLO platform, the company said in a stock exchange filing on Friday. As a part of this agreement, M&M will equip certain range of its electric platform INGLO with electric components of Volkswagen’s MEB and unified cells, … Read more
Shares of Mahindra & Mahindra (M&M) on Thursday jumped over 4% to the day’s high of Rs 1,725.95 on BSE after brokerages raised their target prices as better than expected average selling prices (ASP) were offset by weaker gross margins in the Q3 results. During the December quarter, Mahindra’s revenue growth was driven by volume … Read more
