Latest news with #Mahindra&MahindraLtd
The Hindu
6 days ago
- Automotive
- The Hindu
M&M to deliver Pack Two of BE 6, XEV 9e e-SUVs from July end
Mahindra & Mahindra Ltd (M&M) said it would commence deliveries of Pack Two of its Electric Origin SUVs— the BE 6 and XEV 9e eSUVs— from end-July at a price starting ₹21.90 lakh (ex-showroom). Pack Two will have a 79 kWh battery option alongside the existing 59 kWh variant, delivering city ranges of 500 km and 400 km respectively. The XEV 9e Pack Two starts at ₹24.90 lakh.
Mint
01-07-2025
- Automotive
- Mint
Mahindra's ‘bull run' leads to biggest ever jump in annual pay for top executives
Mahindra & Mahindra Ltd has reported its biggest-ever annual jump in executive compensation in FY25, thanks to a surge in sport utility vehicle (SUV) sales and a robust rise in its stock price in a slowing auto market. According to the company's latest annual report, the total remuneration for top executives jumped 84% in FY25, significantly up from a 44% increase the previous year. The company's executive director and CEO (auto and farm sector), Rajesh Jejurikar, saw the biggest jump in annual remuneration, which includes exercise of employee stock ownership plans (Esops), at 99%. Mahindra Group's managing director and CEO, Anish Shah, saw his annual pay go up by 95%. Also Read: Ola skids in EV race as TVS, Bajaj race ahead in Q1 According to a person directly aware of the matter, the increase in the top executives' annual pay was largely due to the good performance of the company's shares, as managerial personnel hold the last five years, Mahindra's stock price has increased by over five times while Nifty Auto has seen a three-fold jump. Analysts attribute the strong performance of the company's shares to its surge in sales on the back of its products finding takers. 'While these (Esops) were given at a much lower value in prior years, the annual report reflects the value of exercise at the current price. Therefore, the increase in stock price is driving the increase in managerial compensation," the person said. Queries emailed to Mahindra and Mahindra Ltd remained unanswered until press time. In its annual report, the company disclosed that the remuneration of its managerial personnel is dependent on several factors, apart from the exercise of stock options. 'The remuneration of the Managing Director and Executive Director is decided based on the individual performance as well as performance of the company, inflation, prevailing industry trends and benchmarks," the company's annual report said. Mahindra rides SUV wave The average salaries of employees other than managerial personnel increased by 10% during the last financial year, compared to a 14% rise in FY24. 'Among all the auto companies, Mahindra has been outperforming for a while, which is giving investors confidence. Its SUV portfolio and the market's affinity for such products are helping the company attract investors," Saji John, senior research analyst atGeojit Financial Services, said. Also Read: India looks east to this new ally to ease China's grip on EV batteriesIn FY25, Mahindra and Mahindra recorded a 20% surge in sales to 551,000 units. Its closest rivals,Hyundai Motor India andTata Motors, both saw their sales decline by 3% during the last financial year to 598,666 units and 556,263. M&M has also continued to grow in sales in the current financial year, recording a 22% jump in sales to 152,067 units from April to June. 'In June, we achieved SUV sales of 47,306 units, a growth of 18%, and total vehicle sales of 78,969 units, a 14% growth compared to the same month last year. The quarter ended on a very positive note for us, marking the highest quarter ever for SUVs," Nalinikanth Gollagunta, CEO, Automotive Division, Mahindra and Mahindra. In the first quarter, Mahindra became the second-largest car maker in the country in terms of sales, while rivals Hyundai Motor India and Tata Motors lagged behind. Also Read: TVS Motor overhauls top team amid electric scooter surge On Tuesday, Mahindra's share price declined by 0.23%, compared to a 0.2% decline in Nifty Auto.
Time of India
01-07-2025
- Business
- Time of India
Mahindra's Farm Equipment posts 13% surge in June tractor sales to 51,769 units
Mahindra & Mahindra Ltd. 's Farm Equipment Business (FEB), a part of the Mahindra Group, reported a strong performance in June 2025, with total tractor sales (domestic and exports) reaching 53,392 units, up 13 per cent from 47,319 units sold in June 2024. Domestic tractor sales stood at 51,769 units, reflecting a 13 per cent year-on-year growth, compared to 45,888 units sold in the same month last year. Export volumes also grew by 13 per cent, with 1,623 units shipped in June 2025. Veejay Nakra, President – Farm Equipment Business, Mahindra & Mahindra Ltd., said, 'The industry posted healthy growth in June 2025, largely driven by robust cash flows from Rabi crop harvests and the timely arrival of the monsoon across most regions. We sold 51,769 tractors in the domestic market, marking a 13 per cent increase over last year.' The company's performance aligns with broader trends in the rural economy and reflects Mahindra's continued leadership in India's tractor market. With the Kharif season approaching, Mahindra is optimistic about maintaining its growth momentum in the months ahead.
Business Insider
29-06-2025
- Business
- Business Insider
Mahindra & Mahindra Ltd. (M&M) Gets a Buy from Exane BNP Paribas
In a report released yesterday, Kumar Rakesh from Exane BNP Paribas maintained a Buy rating on Mahindra & Mahindra Ltd. (M&M – Research Report), with a price target of INR3,600.00. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Rakesh is a 2-star analyst with an average return of 0.2% and a 41.67% success rate. Rakesh covers the Technology sector, focusing on stocks such as HCL Technologies Limited, Infosys Limited, and LTIMindtree Limited. Currently, the analyst consensus on Mahindra & Mahindra Ltd. is a Strong Buy with an average price target of INR3,565.25.
Business Standard
20-06-2025
- Automotive
- Business Standard
Mahindra & Mahindra Ltd spurts 2.69%, rises for third straight session
Mahindra & Mahindra Ltd is quoting at Rs 3178, up 2.69% on the day as on 12:49 IST on the NSE. The stock is up 11.9% in last one year as compared to a 6.47% gain in NIFTY and a 5.78% gain in the Nifty Auto index. Mahindra & Mahindra Ltd rose for a third straight session today. The stock is quoting at Rs 3178, up 2.69% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.92% on the day, quoting at 25020.85. The Sensex is at 82167.38, up 0.99%. Mahindra & Mahindra Ltd has added around 2.82% in last one month. Meanwhile, Nifty Auto index of which Mahindra & Mahindra Ltd is a constituent, has added around 0.24% in last one month and is currently quoting at 23434.65, up 0.89% on the day. The volume in the stock stood at 31.04 lakh shares today, compared to the daily average of 22.45 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 3184.1, up 2.84% on the day. Mahindra & Mahindra Ltd is up 11.9% in last one year as compared to a 6.47% gain in NIFTY and a 5.78% gain in the Nifty Auto index. The PE of the stock is 32.43 based on TTM earnings ending March 25.
