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The Latest Breaking News from Mahindra

M&M Q1 Results: Standalone profit rises 7% YoY to Rs 3,685 crore; revenue jumps 23%

Mahindra and Mahindra reported a seven percent net profit rise for the June quarter. Consolidated profit after tax increased thirty-four percent, driven by strong business growth. The auto business saw volumes rise twenty-three percent, retaining its SUV market leadership. Tractor volumes grew eighteen percent, maintaining the top position in the…

The Economic Times

SML Mahindra shares rally over 18% on acquisition of M&M’s truck division. What it means for shareholders?

SML Mahindra shares surged on Thursday after the company announced the Rs 525 crore acquisition of Mahindra & Mahindra's Truck and Bus Division. Analysts view the deal positively, citing stronger market positioning, operational synergies and long-term earnings accretion, though some near-term margin dilution could persist after the business integration.

The Economic Times

SML Mahindra to acquire Mahindra Truck and Bus division in commercial vehicle consolidation

SML Mahindra will acquire Mahindra Truck and Bus Division from Mahindra & Mahindra through a slump sale in FY27. The deal consolidates truck and bus operations, expands its commercial vehicle portfolio, enhances scale, unlocks synergies and strengthens competitiveness across above-3.5 tonne segments.

The Economic Times

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SML Mahindra to acquire Mahindra’s truck and bus business for Rs 525 crore

In a significant strategic shift, Mahindra & Mahindra plans to hand over its Truck and Bus Division to SML Mahindra for Rs 525 crore. This consolidation is designed to bring the group's commercial vehicle operations under a singular structure, promoting operational efficiency and growth. The execution of the agreement is…

The Economic Times

Mahindra Scorpio-N Facelift Launch: Expected date, price, new features, design changes and engine details

Mahindra plans a Scorpio-N facelift launch around August 2026. The updated SUV will feature a panoramic sunroof and a larger touchscreen. Exterior design changes will be minimal, focusing on styling elements. Engine options are expected to remain the same as the current model. Pricing may see a slight increase due…

The Economic Times

Sensex drops 364 points, Nifty closes below 23,900 as market falls for 4th day on rising Iran-US tensions. What’s ahead?

Indian stock markets extended losses for a fourth session on Thursday. Sensex and Nifty closed lower as oil prices soared significantly. Broader markets also saw declines, with midcap and smallcap indices falling. Mahindra & Mahindra and Tata Consultancy Services shares led gains on Sensex. Adani Ports, Bajaj Finance, and IndiGo…

The Economic Times

Mahindra Finance Q1 Results: Profit jumps 75% to Rs 927 crore on higher interest margin, lower provisions

Mahindra and Mahindra Financial Services has experienced a remarkable seventy-five percent surge in net profit, driven by enhanced net interest margins and reduced provisions. The chief executive highlighted the positive impact of a recent rights issuance on the cost of funding. Disbursements soared by twenty-two percent, and there was notable…

The Economic Times

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India's clean energy growth like Tendulkar, Vaibhav Sooryavanshi rolled into one: UN climate chief

India possesses strong competitive advantages in the global clean energy race. The nation's tech-savvy workforce and renewable energy growth are significant assets. India's solar installed capacity has surged dramatically, making it a solar superpower. This growth has boosted the economy and saved billions in fossil fuel purchases. India can become…

The Economic Times

Maruti Suzuki's no-frills cars once ruled India. Then buyers demanded frills as market share drops to near all-time low

For years, Suzuki reigned supreme in India's automotive landscape, but changing buyer interests are challenging this status. As consumers increasingly favor larger, feature-rich vehicles over mere economical transport, Suzuki's focus on affordability seems outdated. To address this trend, Maruti Suzuki is gearing up to release a lineup of modern SUVs…

The Economic Times

Upcoming Mahindra cars on Independence Day 2026: Which models are expected to debut?

Mahindra will showcase multiple new products and mobility solutions during its Independence Day event. The 2026 Scorpio N facelift is expected to debut with subtle exterior and interior updates. A production-ready Vision S sub-4 metre SUV will also be unveiled on August 15. The BE 07 electric SUV will appear…

The Economic Times

Is India the new China? Skoda’s CEO says it could be far more than just a huge car sales market

In an exclusive conversation with The Independent, Skoda CEO Klaus Zellmer says India could become a crucial base for selling, making and exporting cars around the world

The Independent UK

Booked Mahindra XUV500 in 2013, but never received it: Consumer Commission orders nearly Rs 11 lakh in refund and compensation

The Puducherry Consumer Commission ordered Mahindra & Mahindra to refund a customer's payment. The automaker must also pay interest, compensation, and litigation costs for the delayed car. A dealer was also found partly responsible for the vehicle's non-delivery. The commission rejected arguments that the vehicle was for business use. Both…

The Economic Times

Backlash on ethanol-blend fuel intensifies in India, puts carmakers in the dock

India's mandatory E20 fuel policy faces public backlash and political opposition. Car owners report reduced mileage and potential vehicle damage from the new fuel. The government asserts E20 reduces crude oil imports and aids farmers. Opposition leaders demand clarity from automakers regarding vehicle compatibility with E20. This policy, implemented nationwide,…

The Economic Times

July 2026 car offers: Tata, Honda, Kia, MG, Hyundai, Maruti and other brands roll out discounts; check model-wise deals

Car buyers can rejoice this July as major automakers like Tata Motors, Honda, Kia, and Maruti Suzuki are offering significant discounts. Savings can range from a few thousand rupees up to Rs 3.5 lakh on select models, including EVs and popular petrol/diesel variants. These attractive deals aim to boost sales…

The Economic Times

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Autosport

Formula E Shanghai E-Prix: Wehrlein dominates in both dry and wet for victory

Pascal Wehrlein converts pole into a well-deserved victory in the first ePrix of the Shanghai weekend, keeping clear at the front amid rain and a safety car restart

Motorsport

Formula E Shanghai E-Prix: Pascal Wehrlein dominates in both dry and wet conditions for victory

Pascal Wehrlein converts pole into a well-deserved victory in the first ePrix of the Shanghai weekend, keeping clear at the front amid rain and a safety car restart

The Economic Times

Dividend Alert! Last day to buy M&M, Swaraj Engines, 31 other stocks to earn payouts up to Rs 110

Investors have a final chance today to buy shares in 33 companies, including Mahindra & Mahindra, Tech Mahindra, and Union Bank, to qualify for upcoming dividend payouts. With July 3rd set as the record date, today is the last opportunity to secure these dividends. Notable payouts include Mahindra & Mahindra's…

The Economic Times

Major automakers record strong June sales on steady domestic demand, rising exports

Indian auto manufacturers celebrated robust June sales, fueled by strong domestic demand and surging exports. Maruti Suzuki reported over 200,000 units sold, while Mahindra & Mahindra saw a significant 37% growth with over 106,000 vehicles. Hyundai Motor India also posted strong figures, overcoming a temporary production setback due to a…

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The Economic Times

M&M total sales jumps 37% to 1.06 lakh units in June

Mahindra & Mahindra witnessed a robust 37% surge in total sales for June, reaching 1,06,207 units. Domestic SUV sales climbed 28%, while commercial vehicle sales saw a 35% increase. The Farm Equipment Business also reported a 12% rise in tractor sales, with domestic figures showing similar growth. Exports for tractors…

The Economic Times

Tata Sierra EV launched at Rs 18.79 lakh with QWD, fast charging, lifetime battery warranty and more

Tata Sierra EV launched: Tata Motors has launched the Sierra EV in India, bringing quad wheel drive, a triple-screen cabin, six terrain modes, and a 15-year high-voltage battery warranty to the premium electric SUV space. The vehicle also introduces several India-first features including in-car UPI payments, AirConsole gaming, and an…

The Economic Times

Delayed monsoon may weigh on auto demand, but long-term outlook stays strong: Aditya Shah

A delayed monsoon poses a temporary challenge to rural auto demand, particularly for tractors and two-wheelers, but the sector's long-term outlook remains robust. Experts highlight auto ancillaries as a key growth area, with electric mobility a significant long-term theme. Financials, especially Kotak Mahindra Bank and private sector lenders, along with…

The Economic Times

Ayodhya donation theft: UP Police probe assets of 22-year-old accused earning Rs 15,000 a month

A 22-year-old earning ₹15,000 monthly is under UP Police scrutiny for allegedly acquiring a ₹65-lakh house, a new farmhouse, a ₹1-lakh motorcycle, and a booked SUV. Investigators are probing if these assets, including a lavish village event, were funded by siphoned Ram temple donations. The probe is expanding to other…

The Economic Times

Sensex closes 109 points higher, Nifty above 24,050; IndiGo, M&M among top gainers

Indian stock markets closed with modest gains on Sensex monthly expiry day, as both indices erased significant intraday advances. Sensex added 109 points to 77,100.47, and Nifty 50 climbed 34 points to 24,056. Strong performances from IndiGo, M&M, and Maruti Suzuki bolstered the gains, while Power Grid shares saw notable…

The Economic Times

Nifty headed to 24,500 next week, says Dharmesh Shah; these 2 stocks are top buys right now

Indian equity markets are poised for further gains, with Nifty eyeing 24,500, according to ICICI Direct's Dharmesh Shah. He highlights falling crude oil prices and rupee stability as key drivers. Bank Nifty has also shown strength, targeting 59,300. Shah recommends buying dips and identifies Mahindra & Mahindra and Larsen &…

The Economic Times

'Thar repeller device': AI 'Thar Detector' goes viral for all the right (or wrong) reasons. Watch how it works

An AI-powered device detecting Mahindra Thar SUVs in real-time has gone viral, transforming a common traffic complaint into an internet sensation. Using object detection technology, the system identifies Thars, sparking humorous reactions and discussions about driving behaviour. While initially a lighthearted project, it highlights AI's potential to address everyday Indian…

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