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M&M News

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Results of the stress tests conducted by the mid and small cap schemes of mutual funds expected today will be keenly watched by the market.
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On a consolidated basis the company for the second quarter had earned a revenue of about Rs 34,436 crore (Rs 29,871 crore) and a net profit of about Rs 2,348 crore (Rs 2,773 crore)
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According to M&M, Mahindra Heavy Engines is currently engaged in manufacturing and sales of engines and other auto components for vehicles and genset applications.
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The Reserve Bank carried out scrutiny of the Indian Bank in July 2020 based on a high-value fraud reported by the bank.
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Sensex gains over 110 points whereas Nifty reaches 17,423.20 after gaining 25.70 points in opening trade on Monday. Foreign institutional investors remained net buyers in the capital markets as they bought shares worth Rs 1,605.81 crore on Friday, as per exchange data. Mahindra & Mahindra was the biggest gainer from the Sensex pack, rising more than 2 %, followed by IndusInd Bank, NTPC, Reliance Industries, HDFC Bank, and Maruti.
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Mahindra & Mahindra has extended the warranty on its entire range of vehicles. The warranty of all eligible vehicles is extended by July 31. The pandemic has restricted customers from sending their vehicles for scheduled service maintenance or repairs.
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This will be applicable for those customers whose warranty is due to expire between April 1 and May 31, it said. Amid the second wave of the COVID-19 pandemic and subsequent lockdown across the country, Mahindra & Mahindra has extended the warranty and service period (not kilometres) on its entire range of vehicles till 31st July, M&M said. However, in these times of crisis, we stand by them and assure them of utmost support by extending warranty of all eligible vehicles till July 31.
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Ford to continue independent operations in India. M&M said decision to not have impact on its product plan. Mahindra to focus on the core business of SUVs and also develop EVs.
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Growth in India`s services and manufacturing industries lost some momentum last month.
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New front grille in facelift version. Chrome strip running with Mahindra logo in the centre. Square-shaped fog lamps being replaced by round ones.
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The winning bid was placed by New Delhi's Aakash Minda. He paid 4 times the auction reserve price. Reserve price was set at Rs 25 lakh.
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Mahindra Thar 2020 AX has BS-6 compliant Engine options. It will come in 2.0 litre mStallion TGDi Petrol engine. Ther is also a 2.2 litre mHawk Diesel engine.
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The All-New Thar will come with BS-6 compliant Engine options. It has 4 front-facing seats & 2+4 side-facing seats The Mahindra Thar 2020 is designed and engineered in India and manufactured out of Mahindra’s Nashik Plant.
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Anand Mahindra tweeted that it was his mother who pointed Dhoni out on TV for the first time. MS Dhoni on Autust 15 announced his retirement from international cricket. Dhoni took to his official Instagram account to confirm that he is calling curtains on his illustrious 16-year-long international career.
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Nisaba Godrej will hold office as an Independent Director 8 th August, 2020 to 7th August, 2025. Nisaba Godrej is the Chairperson and Managing Director of Godrej Consumer Products Limited (GCPL). She has been a key architect of GCPL’s strategy and transformation in the last decade.
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The company had posted a profit after tax of Rs 894.11 crore in the same period last fiscal. Standalone revenue from operations for the quarter was at Rs 5,602.18 crore as compared to Rs 12,922.72 crore in the year-ago period. Revenue from operations during the quarter under review stood at Rs 16,321.34 crore as against Rs 26,041.02 crore in the year-ago period.
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The company along with Mahindra Vehicle Manufacturers Ltd (MVML) had posted a net profit of Rs 969.25 crore for the January-March period of 2018-19.
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Mahindra SUVs that will take a substantial price increase are the Scorpio, Bolero, TUV300 and KUV100NXT, while brands such as the XUV500 and Marazzo will increase prices marginally.
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The Thar 700 will be available in an all new Aquamarine colour, in addition to the popular colour of Napoli Black.
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Revenue from operations rose to Rs 14,035.16 crore during the quarter as against Rs 13,307.88 crore in the fourth quarter of 2017-18, M&M said in a regulatory filing.






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