Index Rejig: IndiGo, Max Healthcare Set For Nifty50 Inclusion, IndusInd Bank, Hero May Exit
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Mint
an hour ago
- Mint
M&M bets on multi-powertrain platform to beat rivals, meet emission norms
Next Story Ayaan Kartik M&M joins Tata Motors in securing access to a technology platform that can accommodate multiple powertrains. Tata Motors has access to Modular Longitudinal Architecture technology through its arm Jaguar Land Rover. The MLA platform can accommodate petrol, diesel, plug-in hybrid and EVs. Mahindra Group Managing Director and Chief Executive Officer Anish Shah. Gift this article Mumbai: Mahindra & Mahindra Ltd will develop new petrol, diesel and electric vehicle models on one common technology platform that will give it the flexibility to meet global emission norms and adjust its products based on market demand, as competition in the world's third-largest automobile market intensifies. Mumbai: Mahindra & Mahindra Ltd will develop new petrol, diesel and electric vehicle models on one common technology platform that will give it the flexibility to meet global emission norms and adjust its products based on market demand, as competition in the world's third-largest automobile market intensifies. While revealing its new vehicle platform NU_IQ, the company on Friday unveiled design prototypes of four new sports utility vehicles (SUVs) that will be based on the platform. These SUVs based on the new platform will begin arriving in the markets in 2027. The automaker, however, did not commit to the launch of hybrid vehicles just yet. Mahindra & Mahindra (M&M) joins Tata Motors in securing access to a technology platform that can accommodatemultiple powertrains. Tata Motors has access to Modular Longitudinal Architecture (MLA) technology through its wholly-owned British subsidiary Jaguar Land Rover. The MLA platform can accommodate petrol, diesel, plug-in hybrid and battery electric vehicles. Vehicle platforms or architecture are the foundational structure of the car with major components and systems in place on which different models can be developed. The new set of announcements was part of the company's annual event held on 15 August, with this year's edition in the country's financial capital Mumbai. 'Hybrid vehicles are not part of the architecture yet. This platform is currently focused on petrol, diesel and electric vehicles," Rajesh Jejurikar, executive director and chief executive officer (auto and farm sector), M&M, told reporters on the sidelines of the launch. 'Our earlier stance on electric vehicles remains unchanged, which is that if there is customer demand, we will bring hybrid vehicles." Mahindra and Mahindra's share price has increased by 6% so far in 2025, as against a 4% rise in the benchmark Nifty50. Mahindra is locked in a fierce battle with Hyundai Motor India and Tata Motors to occupy the second spot in India's automobile pecking order. So far in FY26, Mahindra has been able to beat Hyundai to the second spot in terms of wholesales in all four months, but it in retail sales in July. Also Read | Mahindra looks to acquire 350-acre land parcel in Igatpuri The Indian subsidiary of the Korean giant announced at the January-March earnings call that it will launch hybrid vehicles and soon roll out 26 vehicles in the country to take back market share and hold on to the number two position, which it has occupied since the financial year 2009. Anish Shah, group CEO at Mahindra and Mahindra, said that after years of dominance by foreign carmakers, domestic companies are finally making their mark. 'There was a time not long ago, global automakers dominated the Indian roads. Today, the tide has turned. Indian companies like Mahindra are at the forefront of technology, scale and ambitions," Shah said at the gathering. His comments come after Mahindra dislodged Hyundai Motor India from the second position in the first quarter of the current financial year. Subhabrata Sengupta, partner at Avalon Consulting, noted that the biggest advantage that Mahindra gets from the new platform is the ability to hedge according to market needs. 'A platform where ICE (internal combustion engine) and EV can be developed gives the company the flexibility to react quickly to market trends. If EVs pick up more, the company can move production to meet demand quickly, and vice-versa," Sengupta said. The development of a multiple powertrain model also comes at a time when the new emission norms, CAFE 3, are scheduled to come into force in 2027. Jejurikar emphasised that the new tech platform will allow it to be flexible with production of vehicles, enabling it to meet emission norms effectively. CAFE 3 (Corporate Average Fuel Efficiency) norms are India's upcoming regulations aimed at reducing carbon dioxide emissions from vehicles. These norms will set a cap on the average CO2 emissions of a carmaker's entire fleet, pushing them to produce more fuel-efficient vehicles. 'The new platform will allow the company to accommodate production requirements quickly between diesel, petrol and EVs with CAFE norms in mind. Currently, most of the Mahindra sales are coming from diesel models which are fuel-guzzling," Sengupta added. In FY25, 77% of Mahindra's total 551,000 sales in the domestic market were diesel models. With the Bureau of Energy Efficiency (BEE) finalising the CAFE 3 norms, automakers are in talks with the government to seek relaxations, saying that the proposed targets are too stiff. Jejurikar remained unfazed about the looming threat of strict implementation of fuel efficiency norms in the country and different regulations in foreign markets where Mahindra is looking to establish its presence using its current products and new line-ups for 2027. 'We will follow a phased approach to enter different markets. In the first phase, we will enter our known markets such as South Africa and Australia followed by further expansion to new markets over the next years," he said. To accommodate development of electric and ICE vehicles on the same platform, the company will utilize a capacity of 240,000 units from 2027at its Chakan plant for the production of newly-designed vehicles. To increase exports, Mahindra is looking to introduce its India-made electric cars in the UK and other global markets. Topics You May Be Interested In Catch all the Business News , Corporate news , Breaking News Events and Latest News Updates on Live Mint. 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Mint
6 hours ago
- Mint
Stocks to buy for short term: Ajit Mishra of Religare Broking recommends buying these 3 shares for next 1-2 weeks
Stocks to buy for the short term: The Indian stock market benchmark Nifty 50 gained over 1 per cent for the week ended August 14, snapping its six-week losing streak. Shares of Apollo Hospitals, Eternal, Dr Reddy's Laboratories, and Cipla were among the top gainers. The index reclaimed the 24,600 mark, closing at 24,631 in the previous session, as sentiment improved after India's CPI inflation fell to an eight-year low of 1.55 per cent in July. However, Trump's tariffs and weak earnings remain key headwinds for the market, keeping the near-term outlook uncertain. According to Ajit Mishra, SVP of research at Religare Broking, the prevailing consolidation suggests that markets have largely digested recent negatives and are now awaiting a recovery trigger. Oversold positions in heavyweights across sectors are further supporting this possibility, Mishra added. He believes a decisive break above 24,800 on the Nifty could spark fresh momentum towards the 25,000-25250 zone; otherwise, consolidation may persist with major support at 200 DEMA, i.e. 24,200. "Participants should maintain a stock-specific trading approach with a focus on risk management," said Mishra. Highlighting a favourable technical setup, Mishra suggests buying the following three stocks for the next one to two weeks. Mishra pointed out that Maruti is forming a broad symmetrical triangle, marked as a 'continuation pattern,' following a strong prior uptrend. The stock has been coiling within converging trendlines for over a year, with the 20-week EMA acting as a dynamic support. The recent breakout attempt toward the upper boundary, coupled with increasing volume, suggests growing bullish momentum. "A sustained close above ₹ 13,000 could lead to a decisive breakout, with potential targets around ₹ 13,800– ₹ 14,000. The tightening range reflects a buildup of energy, which often results in a strong directional move. Overall, the pattern favours an upside move, given the preceding trend and supportive volume action," said Mishra. Maruti technical chart Mishra underscored that Hindalco is displaying a breakout setup from a prolonged corrective phase, with a defined 'buying pivot' near ₹ 665. The price has decisively crossed above its 20-week EMA, confirming short-term bullish momentum. The breakout candle's body is healthy, and follow-through buying is seen in subsequent candles, suggesting strength. "Key resistance now lies near ₹ 720, while immediate support rests at ₹ 665. Sustaining above the buying pivot can lead to a continuation toward previous swing highs, with ₹ 750– ₹ 760 as an extended target zone. Any dip toward the pivot with low volume could present an attractive accumulation opportunity," said Mishra. Hindalco technical chart According to Mishra, the L&T chart is in a clear long-term uptrend, supported by a firmly rising 200-week EMA. After a strong multi-year rally, the stock entered a broad consolidation between ₹ 3,000 and ₹ 3,850, forming a 'trend continuation formation.' The recent price action shows a rebound from the lower end of this range with improving volumes, signalling renewed buying interest. "A breakout above the previous swing high, i.e. ₹ 730 on strong volumes, could trigger the next leg of the uptrend, potentially targeting the retest of the record high and beyond," said Mishra. "The sideways consolidation has allowed the stock to digest earlier gains, setting a solid base for further upside. Support is well-defined near ₹ 3,570-3,600, and as long as these levels hold, the broader bullish structure remains intact," said Mishra. Larsen and Toubro technical chart Read all market-related news here Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of the expert, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
Mint
8 hours ago
- Mint
Technical View: Nifty 50 likely to move towards 25,300-25,500 in the near term
Indian benchmark index Nifty 50 is likely to witness a near-term rebound, according to Axis Securities. For the second consecutive month, the index tested its prior supply zone of 25,600-25,700 levels; however, profit booking at elevated levels dragged it lower, resulting in a 2.9% loss. The index has lost half a percent in August so far, following a 3 percent decline in July. Before that, it was in the green for 4 straight months, up 3 percent in June, 1.7 percent in May, 3.5 percent in April, and 6.3 percent in March. Axis Securities highlighted that the index continues to move higher on a broader timeframe, forming a consistent series of higher tops and higher bottoms on the long-term chart. This suggests that minor corrections toward identified support zones offer investors a strategic opportunity for accumulation. Axis Securities advised investors that they should adopt a buy-on-dips approach, as short-term corrections provide attractive entry points. The short- to medium-term trend appears neutral to corrective, but Nifty's near-term upside could extend toward 25,300–25,500. At the same time, any violation of the 24,400 support level may lead to profit booking, potentially dragging the index down to 24,000–23,800, it predicted. Source: Axis Securities Axis Securities noted that the monthly price action formed a small bearish candle confined within the high-low range of the previous month, indicating a temporary lack of strong upward momentum. The index remains above its 200-day Simple Moving Average (SMA) at 24,042, reconfirming the primary uptrend. While the weekly and monthly Relative Strength Index (RSI) are in negative territory, signaling short-term loss of strength, Axis Securities emphasized that the long-term trend remains positive. Since June 2022, Nifty has consistently respected its upward-sloping channel support, underscoring the resilience of the current uptrend. Axis Securities explained that the 200-day SMA around 24,000 is a critical support level and a strategic accumulation zone. Currently, the index is trading near a multi-month support zone between 24,500 and 24,300, which serves as a crucial line of defense. A sustained breach below this zone could accelerate corrective momentum, potentially pushing Nifty toward the 24,000 psychological level. Despite this consolidation, the RSI holding above 50 indicates underlying strength, supporting positive momentum. Axis Securities recommends a selective, stock- and sector-specific strategy to capitalize on market opportunities. On the upside, Axis Securities stated that a sustained breakout above 25,000 could trigger a rally, with potential targets in the 25,300–25,500 range. Conversely, a decisive breach of the support zone at 24,400–24,300 may prompt profit booking, possibly driving the index toward 24,000–23,800. Axis Securities also observed that Nifty is in a corrective mode in the short term, reflected in a series of lower tops and bottoms, and continues to face resistance from its prior supply zone of 25,400–25,600. Nevertheless, the broader outlook remains bullish, with potential for sector rotation within the ongoing bull market. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
