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Mahindra Mahindra M M
Business  /  Published 07.08.20

Mahindra profit plunges

Mahindra & Mahindra saw its quarterly profit nearly wiped out as the Covid-19 pandemic hit the supply chain. The company’s net profit fell 94 per cent year-on-year to Rs 54.64 crore in the q...
By Our Special Correspondent in Mumbai

Business  /  Published 02.07.20

Slow revival in cars sales

Major automobile manufacturers, including Maruti Suzuki India, Hyundai, Toyota and Mahindra & Mahindra, on Wednesday reported a big dip in June sales, though they fared better than May as companie...
By Our Bureau in New Delhi

Business  /  Published 18.08.19

Mahindra & Mahindra lays off 1500

Mahindra & Mahindra (M&M) has retrenched about 1,500 temporary workers since April and may be forced to lay off more if the slowdown continues. “I think from April 1 till now we have removed...
By PTI in Colombo

Business  /  Published 01.01.20

Discounts lift auto sales

Buoyed by discounts, Maruti Suzuki India and Mahindra & Mahindra reported a rise in domestic sales in December. Sales of Hyundai, Tata Motors and Toyota, however, declined.Beating year-end blues, ...
By Our Special Correspondent in New Delhi

Business  /  Published 08.02.20

M&M profit slumps 73%

Homegrown auto major Mahindra & Mahindra (M&M) on Saturday reported a 73 per cent decline in consolidated net profit at Rs 380 crore for the December 2019 quarter because of sluggish vehicle s...
By TT Bureau in Mumbai

Business  /  Published 01.03.20

Mahindra and Mahindra sales fall 42%

Auto major Mahindra and Mahindra (M&M) on Sunday reported a 42 per cent decline in total sales at 32,476 units in February.The company had sold 56,005 units in the same month last year, M&M sa...
By PTI in New Delhi

Business  /  Published 01.03.20

Coronavirus hits supply of car parts

Tata Motors, Mahindra and Mahindra (M&M) and MG Motor India on Sunday said they were facing challenges in terms of component supply from coronavirus hit-China. “Because of the unforeseeable chal...
By PTI in New Delhi

Business  /  Published 20.12.19

Anand Mahindra to step down as M&M chairman

In a major reshuffle, Anand Mahindra will hold the role of non-executive chairman from the earlier post of executive chairman effective from 1 April, 2020, Mahindra & Mahindra (M&M) announced ...
By PTI in New Delhi

Business  /  Published 17.08.19

Mahindra & Mahindra sets foot in Sri Lanka

Mahindra & Mahindra (M&M) on Saturday opened its first completely knocked-down automotive assembly plant here in a joint venture with Ideal Motors of Sri Lanka. M&M claims it is the first ...
By PTI in Colombo

Business  /  Published 01.05.20

Maruti, M&M report zero sales in domestic market

The coronavirus-induced lockdown has greatly impacted the automobile sector with industry giants Maruti and Mahindra announcing sale of zero units in the domestic market in April.The country's largest...
By PTI in New Delhi


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