Sharekhan is bullish on Mahindra and Mahindra has recommended buy rating on the stock with a target price of Rs 1665 in its research report dated August 04, 2023.

The newly-constructed International Exhibition-cum-Convention Centre complex, Bharat Mandapam, in Pragati Maidan, New Delhi, designed with Indian cultural inspiration, has been inaugurated by Prime Minister Narendra Modi.

India is working on a new electric vehicle policy that would slash import taxes for automakers that commit to some local manufacturing, following a proposal by Tesla which is considering entering the domestic market, people with direct knowledge said.

Anand Mahindra, Chairman of Mahindra Group, shared a nearly two-minute-long video of a bulldozer at work on social media, drawing an audience of more than 10.7 million followers.

Anand Mahindra, Chairman of Mahindra Group, shared a nearly two-minute-long video of a bulldozer at work on social media, drawing an audience of more than 10.7 million followers.

Anand Mahindra, Chairman of Mahindra Group, shared a nearly two-minute-long video of a bulldozer at work on social media, drawing an audience of more than 10.7 million followers.

Anand Mahindra, Chairman of Mahindra Group, shared a nearly two-minute-long video of a bulldozer at work on social media, drawing an audience of more than 10.7 million followers.

Anand Mahindra, Chairman of Mahindra Group, shared a nearly two-minute-long video of a bulldozer at work on social media, drawing an audience of more than 10.7 million followers.

The newly-constructed International Exhibition-cum-Convention Centre complex, Bharat Mandapam, in Pragati Maidan, New Delhi, designed with Indian cultural inspiration, has been inaugurated by Prime Minister Narendra Modi.

The newly-constructed International Exhibition-cum-Convention Centre complex, Bharat Mandapam, in Pragati Maidan, New Delhi, designed with Indian cultural inspiration, has been inaugurated by Prime Minister Narendra Modi.

The newly-constructed International Exhibition-cum-Convention Centre complex, Bharat Mandapam, in Pragati Maidan, New Delhi, designed with Indian cultural inspiration, has been inaugurated by Prime Minister Narendra Modi.

The newly-constructed International Exhibition-cum-Convention Centre complex, Bharat Mandapam, in Pragati Maidan, New Delhi, designed with Indian cultural inspiration, has been inaugurated by Prime Minister Narendra Modi.

The newly-constructed International Exhibition-cum-Convention Centre complex, Bharat Mandapam, in Pragati Maidan, New Delhi, designed with Indian cultural inspiration, has been inaugurated by Prime Minister Narendra Modi.

Emkay Global Financial is bullish on Mahindra and Mahindra has recommended buy rating on the stock with a target price of Rs 1590 in its research report dated August 05, 2023.

The newly-constructed International Exhibition-cum-Convention Centre complex, Bharat Mandapam, in Pragati Maidan, New Delhi, designed with Indian cultural inspiration, has been inaugurated by Prime Minister Narendra Modi.

Prabhudas Lilladher is bullish on Mahindra and Mahindra has recommended buy rating on the stock with a target price of Rs 1760 in its research report dated August 03, 2023.

The automobile major added that the inspections are being conducted for a possible risk of abrasion cut of the wiring loom.

Carmakers are expecting a record-breaking festive season in India due to supply chain strategies and the launch of more than a dozen new models. The latest period begins with Onam and Raksha Bandhan and finishes with Diwali and Bhai Dooj. The industry is expecting to see a million units delivered to customers, making it the highest in the three-month period. Hyundai has seen a boost in confidence due to strong Onam bookings of its micro SUV Exter.

Indian chess prodigy Rameshbabu Praggnanandhaa has reached the final of the FIDE World Cup after defeating Fabiano Caruana. He will now face Magnus Carlsen for the title.

Anand Mahindra, Chairman of Mahindra Group, shared a nearly two-minute-long video of a bulldozer at work on social media, drawing an audience of more than 10.7 million followers.

The worlds fastest and most high-profile motorcycle racing championship will stage the 13th round of its 2023 edition in India, just a year after plans for MotoGP Bharat were first announced. The addition of India to the calendar is part of MotoGPs expansion plans into Asias major two-wheeler markets. It follows on the success of races in Indonesia, Thailand and Malaysia. The organisers are banking on Indias emerging middleclass and a growing demand for bikes to gain a foothold in the country.

"It has been a record-breaking month for us. We are excited to clock the highest-ever SUV domestic sales of 36,205 in a month. The XUV700 tribe grew to 1 lakh strong, in a record time of 20 months. Also in July, the Scorpio brand achieved the highest sales in a month since its launch," Mahindra & Mahindra (M&M) Automotive Division President Veejay Nakra said.

There could also be some leeway in allowing Tesla's Chinese vendors to set up production bases in India after the experience of Apple's contract manufacturers - who were finding it difficult to seed the local ecosystem as they ramped up production and exports from India. These beneficial terms do not subvert India's policy framework to encourage domestic manufacturing. They will also be easier to defend.

The RBL Bank investment is based on a long-term view (7-10 years), with an objective to understand banking, which will enable M&M to enhance the value of its financial services business, Shah said

LKP Research is bullish on Mahindra and Mahindra has recommended buy rating on the stock with a target price of Rs 1727 in its research report dated August 07, 2023.

The automaker has not revealed any specific details about the car. Although the brief video teaser maintains a degree of mystery, it does offer a sneak peek into what can be expected from the electric Thar, building anticipation.

The World Cup, which coincides with the Diwali season this year, will form part of the media plan, but may be restricted to digital activations and point-of-sale promotions, as opposed to mainline television campaigns with only two meaningful telecom advertisers in the market and the need for aggressive high-cost marketing being low, they added.

B-town celebs and business leaders have praised PM Narendra Modi for successfully conducting the 18th G20 Summit in New Delhi. Personalities such as Amitabh Bachchan, Kangana Ranaut, Shah Rukh Khan, Vijay Shekhar Sharma and Anand Mahindra, among others, expressed their pride as India shows its soft power.

The BSE Midcap index plunged over 12 percent on profit booking, while the smallcap index spurted 8 percent.

Maruti Suzuki India reported its highest-ever monthly wholesales at 1,89,082 units in August, up 14 percent YoY.

Anand Mahindra, the Chairman of Mahindra Group, shared two motivational posts on Twitter. In the first post, he discussed the Japanese art of Kintsugi, which is about accepting flaws and imperfections.

Mahindra & Mahindra is unlikely to increase its stake in RBL Bank unless theres a compelling reason to do so in line with the companys capital allocation guidelines, the companys top official said, seeking to assuage investor concerns on the tractor- to-technology conglomerate straying on the path to fiscal discipline, it embarked upon a couple of years ago. Since the announcement of the stake purchase by the company, M&M investors have lost Rs 1,32,00 crore.

XUV is among SUVs such as Scorpio and Thar manufactured by Mahindra, India's second-largest maker of such vehicles by volume. Also, 3,560 units of XUV400 vehicle manufactured between Feb. 16, 2023 and June 5, 2023 will also be inspected for ineffective spring return action of the brake potentiometer, Mahindra added.

​I think it is a good thing to prepare ourselves for the future and we have all the options to play that out.

Temasek, a global investment firm headquartered in Singapore, will invest INR 1,200 crore ($161m) in Mahindra Electric Automobile Limited (MEAL), making it the most valuable electric vehicle (EV) firm in India with a valuation of up to INR 80,580 crore ($10.9bn). The deal, executed with Mahindra & Mahindra, will make Temasek one of its investors, with a 1.49% to 2.97% stake.

The Uttar Pradesh government is organizing the UP International Trade Show in Noida from September 21 to 25. Around 20 electric vehicle (EV) manufacturers, including Kia, Mahindra, Tata Motors, Maruti, Toyota, BMW, SKODA, and Force Motor, will showcase their products to promote EV adoption in the city.

The company estimates that EVs would account for 30 per cent of the overall volumes by 2030.

The automaker intends to explore NXP's extensive portfolio, automotive system solutions, and expertise in zonal and domain controllers, electrification, advanced vehicle networks, and secure car access technologies for their upcoming platforms, it added.

In a regulatory filing, the company said, based on its assessment, prevailing law and the advice of the counsel, it is hopeful of a favourable outcome at the appellate level.

In July 2022, British International Investment signed a pact with Mahindra Electric to invest Rs 1,925 crore via compulsory convertible preference shares

Biocon founder Kiran Mazumdar-Shaw said she was happy beyond words to see Ricky Kej share Indias pride with the world.

Mahindra and Mahindra hit a record high and formed healthy bullish candlestick pattern on the daily scale with strong volumes after a consolidation breakout. The stock jumped 5 percent to Rs 1,549, while the stock surged 38 percent from March lows.

Mahindras elder daughter Divya is married to New York-based architect Jorge Zapata. Zapata is an alumnus of the Yale School Of Architecture.

Analysts feel Mahindra's SUVs will continue to shine and maintain their impressive performance in the coming quarters.

Total auto sales in CY23 stood at 62,429 units up 15.4 percent compared to the previous year, Mahindra & Mahindra said.

Among sectors, Power, Oil & Gas and Realty were up 2 percent each, while Auto and Healthcare added 1 percent each.

Mahindra & Mahindra expects electric vehicle production at its upcoming plant in Chakan in Maharashtra to hit peak production mark of 2 lakh units per annum between 2027 and 2029, according to company President -Automotive Sector Veejay Nakra. The company estimates that EVs would account for 30 per cent of the overall volumes by 2030.

Biocon founder Kiran Mazumdar-Shaw said she was happy beyond words to see Ricky Kej share Indias pride with the world.

Aviation watchdog DGCA has put SpiceJet under "enhanced surveillance" amid the budget airline facing multiple financial headwinds in recent months, PTI reported, but the carrier refuted any such development.

Indian automakers experienced a surge in passenger vehicle (PV) sales in June due to increased demand for new models, while premium two-wheeler manufacturers saw sales growth driven by steady urban demand. Maruti Suzuki, the top carmaker in the country, reported an 8.5% year-on-year increase in PV sales, with demand mainly driven by new models.

On the structural front, the Nifty50 index is buttressed by a robust support at 19,230, and a subsequent crucial floor at 18,887.

The newly-constructed International Exhibition-cum-Convention Centre complex, Bharat Mandapam, in Pragati Maidan, New Delhi, designed with Indian cultural inspiration, has been inaugurated by Prime Minister Narendra Modi.

#MnM Mahindra and Mahindra: Positional Trading Levels:🔼Bullish if it breaks and sustains above trendline.Target 1553 and 1576🔽Bearish if i

Mahindra launched Electric SUVs, pick-up trucks and tractors during the FutureScape event on August 15 in Cape Town

Squadron Leader Sindhu Reddy will be commanding the Indian Air Force contingent at the Bastille Day parade in Paris on Friday. Several Indian business leaders, including Anand Mahindra and Dr Sangita Reddy, have expressed their pride and support for Reddy.

Temasek will take up to a 3% stake in the company, which last year raised up to $250 million from British International Investments (BII) at a valuation of as much as $9.1 billion. The automaker is aggressively trying to lift the share of its electric SUVs in a market that is dominated by larger rival Tata Motors, as the government pushes to grow EV sales to 30% by 2030 from less than 2% on Thursday

During July, Jatin Gedia expects the auto index to resume with its up move and surpass the 15,000 mark

#MnM Intraday Stock for tomorrow 07.08.23Trade in a range...30 Min time frame