Mahindra & Mahindra

Mahindra reveals new HyAlfa three wheeler at 2012 Auto Expo

Mahindra reveals new HyAlfa three wheeler at 2012 Auto ExpoIndia auto major, Mahindra and Mahindra has showcased a new `HyAlfa', which is the world's first hydrogen fuelled 3-wheeler, at the ongoing 2012 Auto Expo in New Delhi.

The vehicle is being developed under a $1 million DELHY-3W project. The project, which will take about three years to complete, is being funded by United Nations Industrial Development Organization (UNIDO) and International Centre for Hydrogen Energy Technologies (UNIDO-ICHET).

Mahindra showcases four SsangYong models at 2012 Auto Expo

Mahindra showcases four SsangYong models at 2012 Auto ExpoIndian auto major, Mahindra & Mahindra Ltd is showcasing four products from its SsangYong unit at the ongoing Delhi Auto Expo 2012.

This is the first time that Mahindra has showcased SsangYong models in the Indian market. The company is displaying the XIV - 1 concept, the Rexton, the Korando E and the Actyon Sports under the South Korean SsangYong brand at the Auto Show.

Mahindra & Mahindra interested in buying Saab Automobile, report

Mahindra & Mahindra interested in buying Saab Automobile, reportIndia's largest utility vehicle maker, Mahindra & Mahindra (M&M) might be interested in buying bankrupt Swedish carmaker Saab Automobile of at-least some parts of it, according to a report by Bloomberg.

The company is trying to contact two court-appointed administrators overseeing Saab's bankruptcy to buy parts of the carmaker or the whole company. Saab was declared bankrupt after years of efforts by Swedish Automobile NV SWAN. NS to maintain the company.

Mahindra increases XUV500 price by Rs 55,000

Mahindra increases XUV500 price by Rs 55,000Indian automaker, Mahindra & Mahindra has announced today that it will increase the price of its sports utility vehicle XUV500 by up to Rs 55,000 starting 1 January.

The company said that the hike in prices is to compensate for the fall in eth value of the rupee and increasing input prices in the country. The company had stopped the booking for the SUV in October and will reopen bookings from next month.

M&M to showcase Ssangyong models in India

M&M to showcase Ssangyong models in India Auto major, Mahindra & Mahindra(M&M) is planning to showcase models manufactured by its Korean subsidiary Ssangyong at the Auto Expo next month in India. This will be the first time that Mahindra & Mahindra will display Ssangyong models to Indian customers. The models that will be displayed at the auto show in Delhi include sports utility vehicles Rexton and Korando. Both the models are expected to be launched in India soon.

Mahindra & Mahindra to increase prices by 3 percent in January

Mahindra & Mahindra to increase prices by 3 percent in JanuaryAutomaker, Mahindra & Mahindra has announced that it will increase the prices of its products in the country by 3 per cent from January 1.

India's largest utility vehicles and tractor maker said in a statement that it will be “raising the prices of its products by up to 3%, depending on models”. The price is id due to the rising costs of production over the last few months and the falling value of the Indian rupee against other currencies.

Mahindra & Mahindra sales increase 52.7% in November

Mahindra & Mahindra sales increase 52.7% in NovemberIndian automaker, Mahindra & Mahindra has reported an impressive 52.71 per cent increase in sales in the month of November, 2011.

The company managed to sell a total of 40,722 units in November this year compared to 26,666 units sold in the same month of 2010. The company reported an increase of 51.63 per cent in sales to 38,159 units during the month, compared to 25,166 units in the domestic market, according to a statement from the company.

Mahindra & Mahindra forms joint venture with Telephonics

Mahindra & Mahindra forms joint venture with TelephonicsMahindra & Mahindra has tied up with US-based Telephonics to offer surveillance and communication devices to the defense sector in India.

Telephonics, which is a unit of the US based diversified Griffon Corporation will partner the India firm to offer these surveillance and communication to civilian buyers as well. Mahindra holds a 74 percent stake in the joint venture and the remaining stake in held by Telephonics.

Mahindra & Mahindra reports lower than expected profit

Mahindra & Mahindra reports lower than expected profitLeading automotive major, Mahindra & Mahindra has announced a lower than expected profits in the second quarter of the financial year at 7.37 billion rupees, causing its shares to crash in the domestic stock exchange.

The company had reported a profit of 7.58 billion rupees in same period previous year. The lower profits were mainly due to losses incurred on the foreign exchange market. The company suffered a loss of 320 million rupees due to the fall of rupee in September.

Mahindra Planning Expansion at West India Plant

Mahindra Planning Expansion at West India Plant Mahindra & Mahindra Ltd. has started working on its expansion plans and thus the company is all set to start with new planning, which primarily aims to raise the production capacity of the company at its western India plant.

The company, presently, manufactures 8,000 units and has plans to increase this figure to 12,000 vehicles a month, confirmed a senior executive on Wednesday.

India to Witness M&M XUV500 in December

India to Witness M&M XUV500 in DecemberIn order to create a world class SUV model, India’s leading automobile maker Mahindra & Mahindra is coming up with a powerful SUV model aimed to create a global market for itself.

Sharekhan Encourages Buying Shares of Mahindra and Mahindra

Sharekhan Encourages Buying Shares of Mahindra and MahindraIndia's leading broking house Sharekhan is optimistic with the performance of Mahindra and Mahindra (M&M) at the stock exchange. The Company suggests buying shares of M&M with the targets being 735 in its August 8, 2011 research report.

Mahindra to relaunch Stallio motorcycle

Mahindra Two Wheelers LtdKolkata, July 4 : With an eye to the fast growing motorcycle market in India, Mahindra Two Wheelers Ltd (MTWL) Monday said it will relaunch its 110cc bike Stallio later this year.

"We will be relaunching the Stallio during the festive season this year. Earlier, we had made a soft launch of the bike. We have made some modification and it is ready for launch," Devendra Shinde, marketing vice president of MTWL, told reporters here.

Long Term Buy Call For Mahindra & Mahindra

Mahindra group was founded in the year 1945 as a steel trading company; company entered into automotive manufacturing in 1947 to bring the iconic Willys Jeep onto Indian roads. Company operates in the key industries that drive economic growth, enjoying a leadership position in utility vehicles, information technology, tractors, and vacation ownership. A US $11.1 billion multinational group based in Mumbai, India, have more than 117,000 people in over 100 countries. In 2011, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful listed companies in the world. Dun & Bradstreet also ranked Mahindra at No. 1 in the automobile sector in its list of India’s Top 500 Companies.

Hold Mahindra & Mahindra With Target Of Rs 800

Hold Mahindra & Mahindra With Target Of Rs 800Technical analyst SP Tulsian has maintained 'hold' rating on Mahindra & Mahindra Limited stock.

According to analyst, the investors can buy the stock with a target of Rs 800.

The stock of the company, on May 03, closed at Rs 707.85 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 42.04 and 16.41 respectively.

The share price has seen a 52-week high of Rs 826.40 and a low of Rs 501 on BSE.

Buy Mahindra & Mahindra With Stop Loss Of Rs 745

Buy Mahindra & Mahindra With Stop Loss Of Rs 745Technical analyst Brijesh Singh of India Advantage has maintained 'buy' rating on Mahindra & Mahindra Limited stock with a target of Rs 790.

The analyst said that the investors can buy the stock with a stop loss of Rs 745.

The shares of the company, on April 20, closed at Rs 763 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 826.40 and a low of Rs 501 on BSE.

Current EPS & P/E ratio stood at 42.04 and 18.08 respectively.

Buy Mahindra & Mahindra With Stop Loss Of Rs 652

Buy Mahindra & Mahindra With Stop Loss Of Rs 652Technical analyst Rajesh Satpute is bullish on Mahindra & Mahindra Limited and has maintained 'hold' rating on the stock with a target of Rs 694.

Mr. Satpute said that the stock can be purchased with a stop loss of Rs 652.

The analyst also said that the said target can be achieved in 1-2 trading sessions.

The stock of the company, on March 24, ended at Rs 664.35 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 826.40 and a low of Rs 498.50 on BSE.

Mahindra & Mahindra Long Term Buy Call

Mahindra & Mahindra Long Term Buy CallTechnical analyst Hemang Jani of Sharekhan has maintained 'buy' rating on Mahindra & Mahindra Ltd stock to achieve a long term target.

According to analyst, the stock can be purchased to attain a target of Rs 730.

Today, the stock of the company opened at Rs 649.95 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 826.40 and a low of Rs 498.50 on BSE.

Current EPS & P/E ratio stood at 42.04 and 15.29 respectively.

Sell Mahindra and Mahindra

Mahindra-MahindraTechnical analyst Anil Manghnani of Modern Shares & Stock Brokers has recently recommended the investors to sell the stock of Mahindra and Mahindra.

Today, the stock of the company opened at Rs 811.50 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 826.40 and a low of Rs 498.50 on BSE.

Current EPS & P/E ratio stood at 42.04 and 15.73 respectively.

Mahindra & Mahindra Financial Services raises Rs. 426 crore

Mahindra & Mahindra Financial Services raises Rs. 426 croreMahindra & Mahindra Financial Services has announced that company has raised Rs. 426.2 crore from Institutional investors. Company said in a release that it has allotted 61,33,205 shares to qualified investors.

Leading vehicle loan provider M&M Financial sold shares under its qualified institutional placement (QIP). In a filing to the BSE, M&M Financial Service revealed the details of this placement. Two major Foreign institutional investors (FIIs), Fidelity and Prudential Asset Management, Singapore bought major stake in the issue.




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