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British International Investment (BII) is investing Rs 650 crore in Mahindra Electric as the final tranche of a larger funding commitment, increasing its stake in the EV subsidiary. This investment, along with strong Q2 financial results from Mahindra & Mahindra, underscores the company’s growing leadership in the electric vehicle market.
Mahindra & Mahindra posted impressive Q2 FY2024 results, with net profit rising 35% to Rs 3,170.72 crore and sales increasing by 10%. Strong demand in automotive and farm equipment segments, along with improved operational efficiency, drove this performance. Discover the key drivers behind their growth and what’s next for the company.
Mahindra & Mahindra's stock surged 5% following a record-breaking October, with SUV sales climbing 25% year-on-year to 54,504 units. This impressive performance, coupled with strong tractor and export sales, positions M&M favorably in the competitive automotive market. Dive into the details of their growth and what it means for investors.
Mahindra & Mahindra has reported a striking 24% increase in domestic SUV sales for September 2024, with a total of 51,062 units sold. This impressive growth reflects not only the rising consumer demand for SUVs but also the company's strategic initiatives, including new model launches and enhanced offerings. In this blog, we delve into the factors behind this success, the overall sales performance, and what these trends indicate for the future of the automotive market in India
Mahindra & Mahindra Financial Services is expanding into the mortgage sector, offering a range of new products including housing finance and home improvement loans. This strategic move involves an investment of up to 300 million rupees to boost IT capabilities and participate in government affordable housing schemes, aiming to enhance their market presence and support national housing goals.
Mahindra & Mahindra has delivered impressive Q1 2024 results, showcasing a 20% boost in net profit to Rs 3,283 crore and a 10% increase in revenue to Rs 37,218 crore. This growth highlights the company’s strategic investments and strong performance across its automotive and farm equipment sectors, positioning it favorably despite economic challenges.