MAHINDRA & MAHINDRA LTD.
NSE : M&MBSE : 500520ISIN
CODE : INE101A01026Industry : Automobiles - Passenger CarsHouse
: Mahindra & Mahindra
BSE2044.25-51.3 (-2.45 % )
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VOLUME 55951
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NSE2044.90 -51.95 (-2.48 % )
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VOLUME 2952484
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Company News
| Date | Heading | Details |
|---|---|---|
| 24-Apr-2024 | Mahindra Group's Swaraj Tractors unveils limited-edition tractor | <p style="text-align: justify;">Swaraj Tractors, a part of the Mahindra group, has unveiled limited-edition tractor, to mark its Golden Jubilee. Crafted with precision and adorned with golden accents, the limited-edition tractor is a symbol of Swaraj's gratitude to its loyal customers. From the main golden decals to MS Dhoni's signature, who is also an esteemed customer and brand ambassador of Swaraj, every detail of this exclusive model exudes class and style.</p><p style="text-align: justify;">Limited-edition variant of the Swaraj 855 FE and Swaraj 744 FE tractors was showcased at a ceremony commemorating Swaraj Tractors' 50th anniversary. The celebratory event, set against a backdrop of nostalgia and camaraderie, served as a tribute to Swaraj's enduring legacy and a token of gratitude to all of its stakeholders. This limited-edition tractor will be available for only two months across the country in five Swaraj variants- 843 XM, 742 XT, 744 FE, 744 XT, and 855 FE.</p><p style="text-align: justify;">Swaraj Tractors, a division of the Mahindra Group, is India's second largest and rapidly growing tractor brand.</p><p style="text-align: justify;">Mahindra & Mahindra is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.</p><div style="text-align: justify;"><br></div> |
| 24-Apr-2024 | Sharika Enterprises, Adroit Infotech and Vikas Lifecare to see some action today | <p style="text-align: justify;"><b>Sharika Enterprises</b> has received a Turnkey project from U.P. Power Transmission Corporation (UPPTCL) for supply and erection of outdoor equipment of 2No, 145 KV Bay at 400 KV S/S. Domestic order is to be executed at Rasara, Ballia, Uttar Pradesh. Broad Consideration of the said order is Rs 2.95 crore. </p><p style="text-align: justify;"><b>Adroit Infotech</b> has entered into non-binding share purchase agreement with a US based ERP Solutions Company. This step will enable Adroit Infotech to move closer to its strategic objective to build sustainable organization that remains relevant to the agenda of its clients. On Completion of this Acquisition, Adroit will increase its North America presence significantly. This Acquisition will allow Adroit to sell other ERP Solutions (Oracle) along with SAP Solutions. In addition to the said, consolidated revenues on acquisition would increase by 3-4 multiples.</p><p style="text-align: justify;"><b>Vikas Lifecare</b>'s agro business division has received fresh orders for Premium nuts valued at about Rs 11 crore. These orders will be completed within the first quarter of the current fiscal. The Agro Business Division of the Company has set a target to achieve Rs 450 crore during the current fiscal year, as compared to the Rs 360 crore achieved during 2023-24, targeting a 20% growth Year-on-Year.</p><p style="text-align: justify;"><b>Indian Hotels Company</b> (IHCL) has opened a Vivanta hotel in Jamshedpur, Jharkhand. Located in the heart of the city, the hotel is a seamless blend of contemporary elegance and local tribal heritage. Vivanta Jamshedpur is strategically situated on Golmuri Road with each of the 95 well-appointed rooms offering picturesque hill views. Guests can indulge in a variety of culinary delights at Mynt, the signature all-day diner, Red Pearl, the Pan-Asian restaurant and poolside grills at The Grill. Wink, the chic bar, serves up exotic cocktails. The wellness facilities include a gymnasium and a rooftop swimming pool for relaxation. The hotel offers over 10,000 sq. ft. of indoor and outdoor banqueting space, ideal for corporate gatherings and social events.</p><p style="text-align: justify;"><b>Mahindra & Mahindra</b>'s (M&M) subsidiary -- Mahindra Last Mile Mobility (MLMML) has unveiled its latest e-auto, the Treo Plus with a metal body. Listening to customer feedback, MLMML has incorporated a metal body to its highly popular product, the Treo Plus. The Treo Plus metal body is competitively priced at Rs 3.58 lakh, ex-showroom. To bring the new Treo Plus closer to customers, Mahindra along with its finance partners have lined up multiple offers. For example, the loan tenure has now been increased to 60 months, and up to 90% finance as well as low down payment schemes are also being offered.</p><p style="text-align: justify;"><b>Seamec </b>has entered into an Addendum with Zamil Offshore Services Company, Saudi Arabia for extension of Charter Hire of Vessel ‘Seamec Swordfish' for a further period of 30 days with effect from April 24, 2024 for working in Kingdom of Saudi Arabia and UAE as per the Charter Party dated December 4, 2023. The Charter hire for extended period of 30 days is $1.677 million.</p><p style="text-align: justify;"><b>NHPC </b>has signed a Supplementary JV Agreement with JV Partners of National High Power Test laboratory (NHPTL) i.e. NTPC, POWERGRID, DVC, CPRI and NHPTL for sale of partial stake in NHPTL (an unlisted company) on April 23, 2024. The revised equity shareholding of POWERGRID in NHPTL shall be 50%, remaining fifty (50%) percent of equity shall be held equally by the other four Parties (i.e., 12.5% each of NHPC, NTPC, DVC & CPRI). Before signing of SJVA-3, equity holding of each promoter was 20%. Hence, post completion of transactions, NHPTL will cease to be Associate Company of NHPC.</p> |
| 23-Apr-2024 | Mahindra & Mahindra's arm unveils Treo Plus with metal body | <p style="text-align: justify;">Mahindra & Mahindra's (M&M) subsidiary -- Mahindra Last Mile Mobility (MLMML) has unveiled its latest e-auto, the Treo Plus with a metal body. Listening to customer feedback, MLMML has incorporated a metal body to its highly popular product, the Treo Plus. The Treo Plus metal body is competitively priced at Rs 3.58 lakh, ex-showroom. To bring the new Treo Plus closer to customers, Mahindra along with its finance partners have lined up multiple offers. For example, the loan tenure has now been increased to 60 months, and up to 90% finance as well as low down payment schemes are also being offered.</p><p style="text-align: justify;">With the largest service network spread across India, customers are assured of an unparalleled aftersales support. Moreover, customers will benefit from a 5 year/120000 Km standard warranty on the metal bodied Treo Plus. In terms of performance, it maintains remarkable specifications, including a 10.24 kWh battery capacity, 8 kW power with 42 Nm torque, and an impressive driving range of more than 150 km on a single charge. With a wheelbase of 2073 mm and Hill Hold Assist, it ensures exceptional driving experience.</p><p style="text-align: justify;">Mahindra & Mahindra is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.</p><div style="text-align: justify;"><br></div> |
| 19-Apr-2024 | Mahindra & Mahindra trades higher on unveiling Bolero Neo+ | <p style="text-align: justify;">Mahindra & Mahindra is currently trading at Rs. 2059.85, up by 35.70 points or 1.76% from its previous closing of Rs. 2024.15 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 2029.20 and has touched a high and low of Rs. 2061.15 and Rs. 1998.85 respectively. So far 29616 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2108.85 on 10-Apr-2024 and a 52 week low of Rs. 1195.65 on 24-Apr-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 2087.20 and Rs. 1998.85 respectively. The current market cap of the company is Rs. 256098.55 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 18.59%, while Institutions and Non-Institutions held 67.94% and 13.46% respectively.</p><p style="text-align: justify;">Mahindra & Mahindra (M&M) has unveiled the Bolero Neo+ 9-seater, offered in two variants - the P4 and the premium P10. This SUV is tailored for customers desiring a stylish, spacious, and tough SUV that comfortably accommodates up to 9 passengers including the driver.</p><p style="text-align: justify;">The Bolero Neo+ 9-seater builds on the dependable, powerful, and go-anywhere character of the Bolero, combined with the stylish bold design, premium interiors, and technology of the Neo. The SUV offers customers a unique proposition catering to large families, institutional customers, tour and travel operators, and contractors who lease vehicles to companies.</p><p style="text-align: justify;">Competitively priced starting at Rs 11.39 lakh (Ex-Showroom), it caters to personal and commercial needs, emphasising Mahindra's commitment to offering affordable, dependable solutions nationwide.</p><p style="text-align: justify;">Mahindra & Mahindra is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.</p> |
| 18-Apr-2024 | Mahindra & Mahindra unveils Bolero Neo+ | <p style="text-align: justify;">Mahindra & Mahindra (M&M) has unveiled the Bolero Neo+ 9-seater, offered in two variants - the P4 and the premium P10. This SUV is tailored for customers desiring a stylish, spacious, and tough SUV that comfortably accommodates up to 9 passengers including the driver.</p><p style="text-align: justify;">The Bolero Neo+ 9-seater builds on the dependable, powerful, and go-anywhere character of the Bolero, combined with the stylish bold design, premium interiors, and technology of the Neo. The SUV offers customers a unique proposition catering to large families, institutional customers, tour and travel operators, and contractors who lease vehicles to companies.</p><p style="text-align: justify;">Competitively priced starting at Rs 11.39 lakh (Ex-Showroom), it caters to personal and commercial needs, emphasising Mahindra's commitment to offering affordable, dependable solutions nationwide.</p><p style="text-align: justify;">Mahindra & Mahindra is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.</p><div style="text-align: justify;"><br></div> |
| 15-Apr-2024 | M&M to acquire 26% stake in Gelos Solren | <p style="text-align: justify;">Mahindra & Mahindra (M&M) has approved acquisition of 26% stake in one or more tranches in the Paid-Up Equity Share Capital of Gelos Solren (Gelos), a wholly owned subsidiary of Mahindra Susten (MSPL), which is a subsidiary of Mahindra Holdings (MHL), which in turn is a wholly owned subsidiary of the Company. Gelos plans to generate and distribute renewable energy in accordance with the Group Captive Power Procurement Model.</p><p style="text-align: justify;">Upon completion of the aforesaid transaction, Gelos will continue to be a subsidiary of the Company. The said investment will help the Company in reducing its energy cost, carbon footprint and working towards its commitment of ‘Planet Positive' businesses and adopting 100% renewable energy by 2030 across various businesses.</p><p style="text-align: justify;">Mahindra & Mahindra is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.</p> |
| 05-Apr-2024 | M&M gains on planning to launch XUV 3XO on April 29 | <p style="text-align: justify;">Mahindra & Mahindra is currently trading at Rs. 2019.35, up by 16.90 points or 0.84% from its previous closing of Rs. 2002.45 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 1995.00 and has touched a high and low of Rs. 2025.80 and Rs. 1993.75 respectively. So far 5285 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2,025.80 on 05-Apr-2024 and a 52 week low of Rs. 1148.30 on 06-Apr-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 2025.80 and Rs. 1891.30 respectively. The current market cap of the company is Rs. 249010.43 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 19.32%, while Institutions and Non-Institutions held 67.20% and 13.48% respectively.</p><p style="text-align: justify;">Mahindra & Mahindra (M&M) has unveiled the name of its much-anticipated SUV, the XUV 3XO (pronounced as XUV-three-exoh). Its global debut on April 29 will set a new precedent in the category, embodying the sophistication and modern technology that the XUV brand DNA is celebrated for.</p><p style="text-align: justify;">It seamlessly integrates thrilling performance, cutting-edge technology, unmissable design, and unparalleled safety to cater to the aspirations of urban drivers. With triple the appeal in each journey it surpasses expectations in all facets of SUV ownership.</p><p style="text-align: justify;">The XUV 3XO resonates with the ambitions of those on the rise, its name playfully mirroring the executive heights denoted by ‘CXO'. With its segment-leading features, this SUV is for those who demand excellence in every aspect of their lives. The new XUV 3XO will be manufactured at the company's manufacturing facility in Nashik, Maharashtra.</p><p style="text-align: justify;">Mahindra & Mahindra is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.</p><div style="text-align: justify;"><br></div> |
| 04-Apr-2024 | M&M to launch XUV 3XO on April 29 | <p style="text-align: justify;">Mahindra & Mahindra (M&M) has unveiled the name of its much-anticipated SUV, the XUV 3XO (pronounced as XUV-three-exoh). Its global debut on April 29 will set a new precedent in the category, embodying the sophistication and modern technology that the XUV brand DNA is celebrated for.</p><p style="text-align: justify;">It seamlessly integrates thrilling performance, cutting-edge technology, unmissable design, and unparalleled safety to cater to the aspirations of urban drivers. With triple the appeal in each journey it surpasses expectations in all facets of SUV ownership.</p><p style="text-align: justify;">The XUV 3XO resonates with the ambitions of those on the rise, its name playfully mirroring the executive heights denoted by ‘CXO'. With its segment-leading features, this SUV is for those who demand excellence in every aspect of their lives. The new XUV 3XO will be manufactured at the company's manufacturing facility in Nashik, Maharashtra.</p><p style="text-align: justify;">Mahindra & Mahindra is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.</p><div style="text-align: justify;"><br></div> |
| 03-Apr-2024 | Mahindra & Mahindra moves up as its arm inks multi-year contract with Airbus Atlantic | <p style="text-align: justify;">Mahindra & Mahindra is currently trading at Rs. 1981.60, up by 9.75 points or 0.49% from its previous closing of Rs. 1971.85 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 1969.95 and has touched a high and low of Rs. 1994.95 and Rs. 1955.05 respectively. So far 31839 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1982.00 on 01-Mar-2024 and a 52 week low of Rs. 1148.30 on 06-Apr-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 1976.95 and Rs. 1854.75 respectively. The current market cap of the company is Rs. 246423.89 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 19.32%, while Institutions and Non-Institutions held 67.20% and 13.48% respectively.</p><p style="text-align: justify;">Mahindra & Mahindra's wholly-owned dropdown subsidiary -- Mahindra Aerostructures (MASPL) has signed a multi-year contract with Airbus Atlantic for the manufacture and delivery of metallic components and small assemblies, for the entire Airbus commercial aircraft family, including the best-selling A320 family. Under the contract, worth around $100 million, MASPL will supply close to 2300 varieties of metallic components to Airbus Atlantic in France from its manufacturing base in India. The contract adds to existing MASPL programs to deliver parts directly to Airbus at their facilities in France and Germany.</p><p style="text-align: justify;">Mahindra & Mahindra (M&M) is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.</p> |
| 02-Apr-2024 | Mahindra & Mahindra's arm inks multi-year contract with Airbus Atlantic | <p style="text-align: justify;">Mahindra & Mahindra's wholly-owned dropdown subsidiary -- Mahindra Aerostructures (MASPL) has signed a multi-year contract with Airbus Atlantic for the manufacture and delivery of metallic components and small assemblies, for the entire Airbus commercial aircraft family, including the best-selling A320 family. Under the contract, worth around $100 million, MASPL will supply close to 2300 varieties of metallic components to Airbus Atlantic in France from its manufacturing base in India. The contract adds to existing MASPL programs to deliver parts directly to Airbus at their facilities in France and Germany.</p><p style="text-align: justify;">Mahindra & Mahindra (M&M) is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.</p><div style="text-align: justify;"><br></div> |
