Auto major Mahindra & Mahindra today reported 3 per cent increase in total sales at 41,895 units in May. The company had sold 40,656 units in the same month last year, the company said in a statement. In the domestic market, sales were up 10.89 per cent at 40,602 units last month compared to 36,613 units in May 2016. Exports were down 68 per cent at 1,293 units in May against 4,043 units in the same month last year.

Shares of Mahindra & Mahindra rallied over 6% after the utility vehicle and farm equipment major reported a 26.3% growth in net profit at Rs 874 crore for the March quarter, helped by an exceptional gain of Rs 93 crore and higher other income of Rs 294 crore.

The stock gained as much as 6.3% to Rs 1,449 on the BSE. So far, 79,000 shares exchanged hands on the counter against its two-week average of 85,000 shares.

With the government's ambitious plan to have all vehicles sold beyond the year 2032 to be electric, Mahindra & Mahindra (M&M), which has so far invested Rs 600 crore in the segment, aims to expand it in the next 2-4 years and has come up with plan EV 2.0.

Though M&M's immediate plan for the electric segment is to develop vehicles for mass mobility, there is also a blueprint for developing high-end niche products at a later stage, which would primarily be for foreign markets.

Mumbai: Mahindra and Mahindra Ltd on Monday said it plans to invest directly or through its subsidiaries “in high-end electric powertrain technology as part of its plan for the future of mobility; and electrification of some of its existing and future products”.

The investments will also be utilised towards increasing the capacity for electric powertrains and electric vehicles, it said in a notification to the National Stock Exchange on Monday. The high-end electric powertrains will be used for the group’s future line-up of electric vehicles (EV).

Mahindra and Mahindra Financial Services (Mahindra Finance) is planning to raise up to Rs 29,000 crore through issuance of non-convertible debentures (NCDs) and seeking shareholders’ nod for the same. In a notice to shareholders, the company said it “proposed to offer or invite subscriptions for secured or unsecured redeemable NCDs, including subordinated debentures in domestic and/or international market in one or more series or tranches, aggregating up to Rs 29,000 crore on a private placement basis”.

Auto major Mahindra & Mahindra on Tuesday reported a 6 per cent decline in total sales at 39,357 units in April.

The company had sold 41,863 units in the same month last year, the company said in a statement.

Mahindra & Mahindra says its farm equipment division head Rajesh Jejurikar is on a mission. And the mission resonates with that of the government.

"We will look at doubling the income of farmers," says the 52-year old. The nation's largest SUV and tractor maker wants to bring the latest farming technologies to India, and see how to customise those for the benefit of the Indian farmer, including the one whose landholding is marginal.

Mahindra & Mahindra (M&M) said on Friday its compact SUV KUV100 has crossed the 50,000 units sales milestone, since its launch in January last year.

Launched in a highly competitive segment, the KUV100 has made its presence felt with 50,288 units being sold till date, M&M said in a statement.

MUMBAI: Mahindra & Mahindra's North American Technical Center is working on a new-generation Scorpio that is expected to hit the roads in 2020. This time around, the goal is to take it global.

The fourth-generation Scorpio will be built on an enhanced architecture of the current version, with a design and features to compete in developed markets. Mahindra's plan is to build an SUV and a pickup truck.

Russia is open to localising component production of its modern Sukhoi super jet even as it is talking to Mahindra and Mahindra for partnership for the MC 21 civil aviation aircraft, Russian Trade and Industry Minister Denis Manturov said here.

“We have a very good example of a modern aircraft, the Sukhoi super jet project. We are open to both exporting it to the Indian market as well as localising some of the components production.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.