Mahindra & Mahindra shares surge 5% on strong Q4; here’s what analysts say
The auto major has also increased its capital expenditure outlay to ₹15,900 crore from ₹15,075 crore for FY22 to FY24.
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Mahindra to launch Jimny's rival Thar 5-door in 2024
The bookings for Thar 5-door, which is touted to be a major rival of Maruti Suzuki's Jimny, have already started.
Mahindra & Mahindra Q4 profit up 22% to ₹1,548.97 cr; led by automobile segment
The company continued to retain the top position in the SUV segment for the 5th consecutive quarter, with a market share of 19.6%.
Mahindra CIE share hits record high on strong volume; zooms nearly 200% in a year
Promoter Mahindra & Mahindra is likely to sell a 3.2% stake in the automotive component supplier via a block deal soon.
M&M chairman emeritus Keshub Mahindra passes away at 99
Touted as the country's oldest billionaire with a net worth of $1.2 billion, Keshub Mahindra helmed Mahindra and Mahindra Group for 48 years between 1963 and 2012.
Maruti Suzuki, Tata Motors, Mahindra & Mahindra rise on robust sales in Q4 FY23
While share prices of leading automobile manufacturers such as Maruti Suzuki, Tata Motors and Mahindra and Mahindra surged as much as 3.5% on Monday, the Nifty Auto index surged 1.53% to 12,430.90.
IFC to invest ₹600 cr in Mahindra’s mobility biz; share rises 2%
The investment by IFC will be in the form of compulsory convertible instruments at a valuation of up to ₹6,020 crore.
The New Auto Champions
As industry enters a new growth phase, emerging ancillary players are shaking up the status quo.
Feb auto sales: Maruti sales up 9.1%; Hyundai, Tata, M&M, Toyota, Kia record positive numbers
The domestic auto companies recorded a surge in PV sales in February, thanks to steady demand and improving supply-chain issues.
M&M Q3 profit rises 14% to ₹1,528 cr; revenue jumps 41%
On the consolidated basis, profit climbed 35% YoY to ₹2,677 crore, while revenue grew 30% YoY to ₹30,620 crore in Q3 FY23.
