Mahindra Logistics surges 6% on deal with Rivigo
Mahindra Logistics has acquired B2B express business of Gurugram-based logistics firm Rivigo Services for cash consideration of ₹225 crore.
mahindra mahindra
September 2022
August 2022
July 2022
Mahindra Finance says RBI order will hit vehicle recovery; stock tanks 12%
The Mumbai-based non-banking financial company repossesses about 4,000 to 5,000 vehicles per month, using the third-party agencies and its own employees.
RBI bars Mahindra Finance from outsourced recovery
Ban follows death of a borrower's pregnant daughter amid a forced seizure of tractor.
Partnership with Volkswagen critical for EV localisation: M&M
Mahindra & Mahindra believes its partnership with Volkswagen will be the centrepiece of its localisation strategy for battery cells as demand for batteries that power EVs could rise as high as 60 GWh
M&M Finance breaks own code, RBI guidelines as recovery agent kills borrower's pregnant daughter
The incident comes amid a high recovery rate of delinquent loans by NBFC in the first quarter of the current fiscal.
M&M overtakes Tata Motors to become 2nd most valued auto company
The market cap of M&M surged to ₹1.64 lakh crore, which is more than the combined m-cap of Tata Motors and Tata Motors DVR (₹1.58 lakh crore).
Mahindra unveils 5 new electric SUVs
The carmaker unveiled two new brands, created specifically to house the company's EV portfolio.
Auto sector bounces back in July; Maruti, Tata, Hyundai post record sales
Maruti Suzuki PV sales up by 6.8% YoY; while Tata Motors, Mahindra, and Hyundai sales grow by 57%, 33%, 5.1%, respectively
M&M share up 2% on acquiring Sampo Rosenlew Oy; rises 76% in 4 months
Shares of Mahindra & Mahindra (M&M) rose after the company acquired a 100% stake in Finland-based combine harvester firm Sampo Rosenlew Oy
M&M raises ₹1,925 cr for new EV subsidiary; stock jumps 5%
UK-based British International Investment (BII) will invest up to ₹1,925 crore into a new subsidiary of M&M which will focus on four-wheel passenger electric vehicles.
