Latest news with #Mahindra&MahindraLtd.
Time of India
5 days ago
- Automotive
- Time of India
Mahindra denies collaboration with Uno Minda on rare earth production
Mahindra & Mahindra Ltd. has officially denied recent media reports suggesting a potential collaboration with auto component manufacturer Uno Minda for the local production of rare earth materials. The clarification was issued in a regulatory filing dated July 14, 2025, to stock exchanges. The company was responding to a Economic Times report published on July 10, which claimed the two firms were exploring joint efforts to locally source rare earth elements in a bid to reduce dependence on China — a dominant player in global rare earth supply. Mahindra's clarification In its filing, Mahindra clarified, 'While Uno Minda is a valued supplier, there are no ongoing discussions or any proposed collaboration for rare earth production.' It further emphasised that the company routinely assesses strategic business opportunities as part of its regular operations but asserted that there is no material information warranting disclosure under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. The increasing reliance on EVs has led many global automakers to seek local alternatives for sourcing these critical materials to reduce risks associated with supply chain disruptions. Mahindra reiterated its commitment to regulatory compliance and investor transparency, stating that any material developments in the future would be duly disclosed as per applicable laws.
Business Upturn
01-07-2025
- Business
- Business Upturn
Mahindra Tractors Posts 13% YoY Growth in June 2025, Sells 51,769 Units
Mahindra & Mahindra Ltd.'s Farm Equipment Business reported robust tractor sales in June 2025, registering a 13% year-on-year growth in the domestic market with 51,769 units sold. Strong monsoon coverage and positive cash flows from Rabi crop harvesting boosted demand. Including exports, total sales stood at 53,392 units, reinforcing Mahindra's leadership in the agricultural equipment sector. By Riddhima Jain Published on July 1, 2025, 12:55 IST Mahindra & Mahindra Ltd.'s Farm Equipment Business (FEB), a part of the Mahindra Group, has reported a strong performance in June 2025, with domestic tractor sales reaching 51,769 units, marking a 13% year-on-year growth compared to 45,888 units in June 2024. Including exports, Mahindra's total tractor sales for the month stood at 53,392 units, up from 47,319 units last year. Exports alone accounted for 1,623 units, also registering a 13% rise from June 2024. Commenting on the performance, Veejay Nakra, President – Farm Equipment Business, said, 'This growth has been supported by improved cash flows from Rabi crop harvesting and widespread monsoon across most regions. Favourable rainfall is aiding land preparation for the Kharif season. Record foodgrain production and continued Government initiatives aimed at increasing farmer income are expected to support tractor demand in the coming months.' Category June F26 June F25 % Change YTD June F26 YTD June F25 % Change Domestic 51,769 45,888 13% 1,29,199 1,16,930 10% Exports 1,623 1,431 13% 4,890 4,537 8% Total 53,392 47,319 13% 1,34,089 1,21,467 10% Ahmedabad Plane Crash Automobile newsMahindra Tractor News
Business Upturn
26-06-2025
- Automotive
- Business Upturn
Mahindra Launches CNG Variant of Bolero MaXX
Mahindra & Mahindra has launched the Bolero MaXX Pik-Up HD 1.9 CNG at ₹11.19 lakh (ex-showroom), featuring the highest payload capacity in its segment at 1.85 tonnes. Powered by a 2.5-litre turbocharged CNG engine with a 400 km range, the pickup also debuts Mahindra's iMAXX connected tech, targeting efficient, long-distance commercial use. By Riddhima Jain Published on June 26, 2025, 15:16 IST Mahindra & Mahindra Ltd., India's number one pickup maker and producer of the Bolero Pik-Up, has launched the Bolero MaXX Pik-Up HD 1.9 CNG, a new industry benchmark in the nation's small commercial vehicle (SCV) market. The model has been priced at ₹11.19 lakh (ex-showroom). The new model comes with the largest-in-class payload capacity of 1.85 tonnes, with an aim to offer an enticing combination of performance, efficiency, and utility to transport and logistics operators. The new Bolero MaXX trim comes with a 2.5-litre turbocharged CNG powertrain that delivers 61 kW power and 220 Nm torque between 1,200–2,200 rpm, providing strong load-hauling capability and cost-effective long-distance driving. Fitted with a 180-litre CNG tank, the pickup has an impressive driving range of up to 400 km on a single fill — an important benefit for companies operating long-distance hauls. Mahindra has fitted the new pickup with a 5-speed manual transmission, power steering, and D+2 seating arrangement to achieve optimal drivability and comfort. Some notable driver-oriented features are air conditioning and heating, and height-adjustable driver's seat for enhanced ergonomics. One of the key launch highlights is the introduction of iMAXX telematics by Mahindra, transforming the Bolero MaXX Pik-Up HD 1.9 CNG into the brand's first CNG vehicle with connected vehicle technology. The solution offers real-time visibility into vehicle performance and fleet operations designed to enhance uptime and lower operation cost. Designed to endure and withstand rough roads, the pickup has a 3050 mm long cargo bed, 16-inch tires, and leaf spring suspension on both axles for better load-handling as well as road stability. Commenting on the launch, Mahindra reiterated its focus on offering tough, dependable, and low-maintenance commercial vehicles with strong resale value — now augmented with green fuel technology for a greener future. The company is confident that this CNG variant will address the changing needs of India's expanding transport and logistics industry. Ahmedabad Plane Crash
Time of India
25-06-2025
- Automotive
- Time of India
Stock market update: Nifty Auto index advances 0.97%
NEW DELHI: The Nifty Auto index closed on a positive note on Wednesday. Shares of TVS Motor Company Ltd.(up 2.81 per cent), Mahindra & Mahindra Ltd.(up 2.08 per cent), MRF Ltd.(up 1.94 per cent), Ashok Leyland Ltd.(up 1.6 per cent) and Samvardhana Motherson International Ltd.(up 1.27 per cent) ended the day as top gainers in the pack. On the other hand, Bharat Forge Ltd.(down 1.56 per cent), Eicher Motors Ltd.(down 0.95 per cent) and Tube Investments of India Ltd.(down 0.02 per cent) finished as the top losers of the day. The Nifty Auto index closed 0.97 per cent up at 23827.8. Benchmark NSE Nifty50 index ended up 200.41 points at 25244.75, while the BSE Sensex stood up 700.4 points at 82755.51. Live Events Among the 50 stocks in the Nifty index, 41 ended in the green, while 9 closed in the red. Shares of Vodafone Idea, Network18 Media, YES Bank, RattanIndia Power and JP Power were among the most traded shares on the NSE. Shares of Prabha Energy, EID Parry, Quality Power Electr, Nesco Ltd and ITD Cementation hit their fresh 52-week highs in today's trade, while TECIL Chemicals, Sadhana Nitro, Osia Hyper Retail, Gensol Engg and Uma Exports hit their fresh 52-week lows.
Time of India
03-06-2025
- Automotive
- Time of India
Stock market update: Nifty Auto index falls 0.11% in a weak market
NEW DELHI: The Nifty Auto index traded negative around 11:08AM(IST)on Tuesday in a weak market. Bharat Forge Ltd.(up 0.94 per cent), Mahindra & Mahindra Ltd.(up 0.57 per cent), Samvardhana Motherson International Ltd.(up 0.54 per cent), Bosch Ltd.(up 0.49 per cent) and Bajaj Auto Ltd .(up 0.36 per cent) were among the top gainers. MRF Ltd.(down 1.57 per cent), Maruti Suzuki India Ltd .(down 1.21 per cent), Eicher Motors Ltd .(down 0.56 per cent), Tata Motors Ltd .(down 0.43 per cent) and TVS Motor Company Ltd.(down 0.35 per cent) were the top losers on the index. The Nifty Auto index was down 0.11 per cent at 23301.45 at the time of writing this report. Benchmark NSE Nifty50 index was down 85.65 points at 24630.95, while the BSE Sensex was down 327.92 points at 81045.83. Live Events Among the 50 stocks in the Nifty index, 11 were trading in the green, while 39 were in the red. Shares of YES Bank, Vodafone Idea, Ola Electric Mobilit , Suzlon Energy and Reliance Power were among the most traded shares on the NSE. Shares of Mangalore Chem , Deepak Fertilisers , AXISCADES Engg Tech, FIEM Industries and Radico Khaitan hit their fresh 52-week highs in today's trade, while Capital Infra Trust, Osia Hyper Retail , Gujarat Lease, Rajoo Engineers and Ebixcash World Money hit fresh 52-week lows in trade. ETMarkets WhatsApp channel )
