​MAHM and Volkswagen AG, on Monday, announced expansion of their MEB alliance to accelerate electrification of the Indian auto market.Venture targets one million units, including integration of MEB components into five all-electric

The cooperation intends to have a volume of more than one million units over lifetime and includes the equipment of five all-electric SUVs (based on INGLO) with MEB components, M&M said

The Scorpio Classic is reported to continue to demonstrate its traits of standout design, unmissable presence, and powerful performance.

After the sale, the LIC holding in the passenger cars and utility vehicles company decreased from 8.430 per cent to 6.421 per cent, it said.

The Bolero MaXX Pik-Up comes with 1,300 kgs payload, offers 1,700 mm widest cargo in the segment and R15 tyres for improved loading. "The vehicle is designed for intra-city application.. we have 43 per cent market share in two- 3.5 tonne segment in southern region. We want to increase it..." said Venkat Srinivas, Senior Vice President, Mahindra and Mahindra.

Motilal Oswal is bullish on Mahindra and Mahindra recommended buy rating on the stock with a target price of Rs 1400 in its research report dated August 06, 2022.

Sharekhan is bullish on Mahindra and Mahindra has recommended buy rating on the stock with a target price of Rs 1450 in its research report dated August 06, 2022.

LKP Research is bullish on Mahindra and Mahindra has recommended buy rating on the stock with a target price of Rs 1389 in its research report dated August 06, 2022.

Arihant Capital recommended accumulate rating on Mahindra and Mahindra with a target price of Rs 1391 in its research report dated August 06, 2022.

Prabhudas Lilladher is bullish on Mahindra and Mahindra has recommended buy rating on the stock with a target price of Rs 1400 in its research report dated August 07, 2022.

ICICI Direct is bullish on Mahindra and Mahindra has recommended buy rating on the stock with a target price of Rs 1550 in its research report dated August 06, 2022.

Addressing shareholders at the 76th Annual General Meeting of Mahindra and Mahindra virtually for the third year in succession, Mahindra said, India could be the new player in the supply chain.

The automaker reported a sharp jump in first-quarter net profit as sales of its passenger vehicles soared to 149,803, up 74% from a year ago, while it has open bookings for more than 273,000 vehicles.