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The Latest Breaking News from Mahindra Mahindra

Nomura names M&M, Hyundai, Ather Energy as top picks after June auto sales; says EV penetration at inflection point

Nomura remains positive on India's automobile sector after strong June sales, saying electric vehicle adoption has reached an inflection point. The brokerage expects continued momentum driven by new launches and improving charging infrastructure, while naming Mahindra & Mahindra, Hyundai Motor India, Ather Energy and Sona BLW among its top picks.

The Economic Times

India to allow import of 3.78 lakh UK cars at concessional duty in first 15 years of trade pact

India will allow imports of up to 3.78 lakh conventional-engine passenger cars from the UK at concessional duties under a new trade pact starting July 15. Import duties will fall from 110% to 10% with quotas, while Indian electric and hybrid cars will gain duty-free access to the UK market…

The Economic Times

Prabhudas Lilladher cuts Nifty target to 26,449, lists 16 high conviction stock picks

Amidst global market turmoil from the Iran-US war and El Nino, Prabhudas Lilladher lowered its Nifty 50 target to 26,449. The brokerage anticipates limited further downside but warns of sharp swings due to prolonged uncertainty. Rising geopolitical risks and import dependence are impacting India's economy, potentially curtailing consumption demand.

The Economic Times

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New BSA Gold Star 650 To Make Its Way To Italy In 2024

The BSA Gold Star 650 is anticipated to make its way to Italy in 2024, leveraging the rapidly growing sales network of Peugeot Motocycles in the country.

RideApart

Mahindra crosses 1 lakh mark Bolero sales

The Hindu

M&M Q1 consolidated profit after tax at Rs 2,361 crore

NEW DELHI: Mahindra Mahindra on Friday reported a consolidated profit after tax of Rs 2,361 crore in the first quarter ended June, driven by strong performance of its automotive and farm sector segments.

The Times of India

Tata Motors to invest Rs 24,000 crore in passenger vehicles business

MUMBAI: On a roll after becoming the top SUV maker in India -- ahead of traditional heavyweights Hyundai, Maruti and Mahindra Mahindra -- Tata Motors is lining up one of its biggest investment plans for its passenger vehicles business as looks to pump in more than Rs 24,000 crore over…

The Times of India

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