Shares of Mahindra & Mahindra (M&M) slipped 4 per cent to Rs 1,884.3 on the NSE in Thursday’s intra-day trade after over 10 million equity shares changed hands on the counter via bulk deals.

Till 09:25 am; around 12.9 million equity shares, representing 1.06 per cent of total equity of M&M, changed hands on the NSE, exchange data showed.

Mahindra & Mahindra is in talks with British International Investment (BII) and some other investors to raise Rs 5,000 crore for its electric vehicles (EV) unit, The Economic Times (ET) reported on Monday.

If the deal goes through, it will be BII's second round of investment in India's biggest sports utility vehicle maker by revenue. Its earlier fund infusion was done at a valuation of Rs 70,070 crore. The new deal is expected to value the company at 10-15 per cent more than that.

Mahindra South Africa has set a new record for monthly sales since it first started selling its range of automotive vehicles in the country 18 years ago.

Figures released by the National Association of Automobile Manufacturers of South Africa (NAAMSA) showed that Mahindra hit a new all-time best sales figure of 1,010 in January 2022. This is a massive 77% improvement over the same month in 2021 and comes despite severe stock shortages and other COVID-19-related disruptions.

Shares of Mahindra & Mahindra (M&M) were up 3 per cent at Rs 919.80 on the BSE in Wednesday’s intra-day trade, surging 7 per cent in past two trading days after the company reported an over eight-fold increase in its standalone profit after tax (PAT) at Rs 1,432 crore for the second quarter ended September 30, 2021 (Q2FY22), on the back of robust sales. It had posted a standalone PAT of Rs 162 crore in Q2FY21.

The company’s revenue for the second quarter rose by 15 per cent to Rs 13,305 crore as against Rs 11,590 crore in the year-ago period.

Indian car maker Mahindra and Mahindra said on Thursday it expects a 20%-25% drop in September vehicle production at its automotive division due to semiconductor shortages.

Car makers across the world have been hit by semiconductor shortages and warned of further pain due to stiff competition from the sprawling consumer electronics industry for chip deliveries.

Mahindra & Mahindra on Friday reported a consolidated net loss after tax from continuing and discontinued operations at Rs 331.74 crore in the first quarter ended June 30.

The company had posted a consolidated net profit after tax from continuing and discontinued operations at Rs 54.64 crore in the first quarter last fiscal, M&M said in a regulatory filing.

Shares of Mahindra & Mahindra (M&M) rallied 10 per cent to Rs 952 on the BSE in Monday's intra-day trade after the firm reported a healthy operational performance in the October-December quarter (Q3FY21).

The stock of cars and utility vehicles company surpassed its previous high of Rs 893 touched on February 4.

Diversified Mahindra Group on Friday said it has registered interest to seek COVID-19 vaccines for its employees, as per priorities and sequence to be specified by the government.

The farm equipment-to-aerospace conglomerate said it would take the responsibility for the inoculation of its employees rather than have the government subsidise them.

Mahindra & Mahindra (M&M) on Monday said it will hike prices of its its range of tractors from next month in order to partially offset the impact of rise in input costs.

In a regulatory filing, M&M's Farm Equipment Sector said, effective January 1, 2021, it will increase the price of its range of tractors, across models.

Mahindra and Mahindra (M&M) is expecting reduction in production and sales volume at its automotive division and in its wholly-owned subsidiary in the last quarter of the current fiscal due to global supply shortage of micro-processors.

M&M said it is engaging closely with its auto components supplier Bosch and assessing likely production loss.

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