Latest news with #Mahindra&MahindraLtd
Time of India
4 days ago
- Automotive
- Time of India
M&M sales rise 17% to 84,110 units in May, SUV sales up 21%
Mahindra & Mahindra Ltd. reported a 17 per cent year-on-year increase in total auto sales for May 2025, with 84,110 vehicles sold across domestic and export markets. The growth was driven primarily by strong demand in the utility vehicle segment. The company sold 52,431 SUVs in the domestic market, marking a 21 per cent rise over the same period last year. Including exports, Mahindra sold a total of 54,819 utility vehicles. Commercial vehicle sales were mixed. Light commercial vehicles (LCVs) in the 2–3.5 tonne segment rose by 14 per cent to 17,718 units, while sales in the sub-2 tonne category fell by 18 per cent. Three-wheeler volumes, including electric variants, reached 6,635 units, up 11 per cent Y-o-Y. Exports stood at 3,652 units in May, up 37 per cent from the previous year. 'In May, we achieved SUV sales of 52,431 units, a growth of 21 per cent, and total vehicle sales of 84,110 units, a 17 per cent growth compared to the same month last year,' said Nalinikanth Gollagunta, CEO of Mahindra's Automotive Division. 'Thanks to continued demand for our products, we were able to deliver industry-leading growth across our ICE and BEV portfolio.' Year-to-date (April–May) passenger vehicle sales grew by 24 per cent, while total exports rose 55 per cent, the company revealed in its monthly sales data.
India Today
6 days ago
- Automotive
- India Today
Mahindra Thar Roxx is the first global SUV with Dolby Atmos sound
Dolby Laboratories and Mahindra & Mahindra Ltd. have announced that the Mahindra Thar ROXX AX7L variant will now be available with Dolby Atmos. The Indian firm claims that this 'redefines the aural experience on wheels'. Furthermore, the infotainment system of the SUV gets Ganna app integration, which allows users to stream songs Thar Roxx has been a very popular product for Mahindra in the Indian market since its launch in August last year. Recently, the company had announced ramping up of the production of the SUV and its sibling, the Thar 3-door, which combined have garnered over 2.5 lakh sales. This ramp up has reduced the waiting period of the Thar Roxx from 18 months to a maximum of six to Auto Today Magazine Speaking on the collaboration, Karan Grover, Senior Director, Commercial Partnerships, IMEA, Dolby Laboratories said, 'We are excited about the possibilities that our collaboration with Mahindra can bring for customers, especially in India. With Dolby Atmos in Thar ROXX AX7L, we're taking the car journey to an entirely new level by transforming the interior cabin into a personalised concert hall on wheels, making every ride an immersive audio experience that complements the adventurous spirit of the Thar ROXX AX7L.'Mr. Velusamy R, President, Automotive Technology & Product Development, Mahindra & Mahindra Ltd, said, 'At Mahindra, it is our constant endeavour to explore limitless boundaries in automotive innovation, and the Thar ROXX is a testament to that spirit. By being the first vehicle in the world to feature Dolby Atmos featuring 4 channels of immersive audio integrated into the premium 9-speaker Harman Kardon Branded Audio system, we are redefining the driving experience. No matter the terrain or conditions, the Thar ROXX delivers a sensory experience like no other SUV of its kind on the Indian roads, bringing every moment on the road to life with Dolby Atmos.'advertisementThe Thar Roxx currently retails between Rs 12.99 lakh and Rs 23.39 lakh (both ex-showroom) and offers two powertrains: a 2.0-litre turbo-petrol or a 2.2-litre diesel. The petrol mill is available with either a 6-speed manual transmission with 161.8bhp and 330Nm of torque or a 6-speed torque converter automatic whose power figures stand at 176.8bhp and 380Nm. The diesel powerhouse can be had with the same two transmission options, with the manual offering 152.1bhp and 330Nm while the automatic has two tunes, one with the same figures as the manual and the other with 174.8bhp and 370Nm of torque. The petrol variants are only available with RWD, the diesel lets the users choose between RWD and 4WD.
Mint
06-05-2025
- Automotive
- Mint
Can M&M keep its pace in FY26?
Mahindra & Mahindra Ltd's (M&M) standalone performance for the March quarter (Q4FY25) was commendable. A striking feature in Q4 results was the farm equipment segment's Ebit margin, which rose 366 basis points (bps) year-on-year to 19.4%, the highest in at least the past eight quarters. Given that the segment's average selling price was flat year-on-year at ₹ 7.3 lakhs, the margin improvement can be attributed to operating leverage from higher volume, lower input costs and favourable model mix in different geographies, especially in the southern and western zones of India. A caveat here is that this margin should not be extrapolated into future projections. M&M's management has indicated Q4 margin was high as the industry's competitive intensity was lower than usual. If competition increases hereon, the margin may revert to normalized level in the coming quarters. M&M's Q4 standalone revenue increased 24% year-on-year to ₹ 31,353 crore, aided by sales volume growth of 23% and 18% in tractors and utility vehicles (UVs), respectively. Ebitda growth was faster at 42% to ₹ 4,683 crore, thanks to 184 bps margin expansion to 14.9%. While the Ebitda margin bifurcation of farm equipment and automotive is not available, the former seems to have played a big role in overall margin expansion, going by Ebit margin data. For perspective, automotive margin expansion was relatively muted at 25bps to 9.2%. The management has guided for mid-to-high teen volume growth in UV for FY26. It has already had a strong start to the year, with 28% growth to 52,330 units in April. M&M plans to expand UV capacity by 12% in FY26 along with new model launches, which should help sustain the growth momentum. As Thar ROXX and XUV 3XO models launched in FY25 are gaining traction, it is likely that the FY26 growth target can be achieved. Also Read: Maruti to Mahindra: Why India's top carmakers are doubling down on flex-fuel While M&M's dominance in ICE UV stands out at 22.5% revenue market share in FY25, there were worries about its battery electric vehicle (BEV) business and its potential drag on overall financials. Those concerns have eased with Mahindra Electric Automobile (MEAL), engaged in electric passenger car manufacturing, achieving Ebitda of ₹ 10 crore in its first quarter of operations. Currently, most of the BEV bookings, nearly 75%, are for larger battery size variants, which offer longer range in travelling but are also more expensive. M&M believes that volume growth could accelerate when smaller battery size variants that are cheaper in price are made available for test drive. After passenger vehicles, M&M now aims to beef up its truck and bus portfolio. Recently, it acquired SML Isuzu in a deal valued at ₹ 555 crore. SML has a strong presence in the bus segment, especially in the school bus segment. Investors aren't complaining. M&M's stock has gained about 38% in the past one year, substantially racing ahead of the Nifty Auto index that has remained flat. The stock's outperformance in a way mirrors the sales volume outperformance of M&M's UV business compared to the passenger car industry in general and UV in particular. M&M achieved 20% volume growth in its UV sales when passenger vehicle sales grew by a mere 2% in FY25 and industry UV sales rose by 11%. The management's commitment to deliver sustainable RoAE (return on average equity) of 18% effectively means an 18% growth in earnings per share (EPS). Excluding the value of subsidiaries, the stock now trades at about 20x FY27 EPS estimates of Nuvama Institutional Equities. The M&M stock, if it delivers on its 18% EPS growth promise, does not appear expensive at a price-to-earnings multiple of 20x. Also Read: EVs hit with falling resale value as consumer demand cools
Business Standard
06-05-2025
- Automotive
- Business Standard
Mahindra & Mahindra Ltd Spikes 2.66%
Mahindra & Mahindra Ltd has added 19.41% over last one month compared to 11.12% gain in BSE Auto index and 7.28% rise in the SENSEX Mahindra & Mahindra Ltd rose 2.66% today to trade at Rs 3101.85. The BSE Auto index is up 0.77% to quote at 51256.73. The index is up 11.12 % over last one month. Among the other constituents of the index, Hero MotoCorp Ltd increased 1.44% and MRF Ltd added 0.72% on the day. The BSE Auto index went down 0.32 % over last one year compared to the 9.41% surge in benchmark SENSEX. Mahindra & Mahindra Ltd has added 19.41% over last one month compared to 11.12% gain in BSE Auto index and 7.28% rise in the SENSEX. On the BSE, 47567 shares were traded in the counter so far compared with average daily volumes of 1.16 lakh shares in the past one month. The stock hit a record high of Rs 3276.3 on 10 Feb 2025. The stock hit a 52-week low of Rs 2159.1 on 13 May 2024.
Time of India
05-05-2025
- Automotive
- Time of India
Mahindra & Mahindra Q4 results: Profit rises 13.34 per cent to Rs 3,542 crore on auto, farm sector strength
NEW DELHI: Mahindra & Mahindra Ltd reported a 13.34 per cent year-on-year increase in consolidated net profit to Rs 3,541.85 crore for the fourth quarter ending March 31, 2025, up from Rs 3,124.94 crore in the same period last fiscal. The performance was driven by robust growth in its automotive and farm equipment segments. Consolidated revenue from operations for the quarter rose to Rs 42,585.67 crore, marking a strong 20.4 per cent increase from Rs 35,373.34 crore in the corresponding quarter last year. Total expenses also climbed to Rs 39,113.61 crore, up from Rs 32,172.17 crore. For the full fiscal year FY25, Mahindra & Mahindra posted a consolidated profit after tax of Rs 14,073.17 crore, a 14.7 per cent rise over Rs 12,269.82 crore in FY24. Consolidated revenue surged to Rs 1,58,749.75 crore from Rs 1,38,279.30 crore. The company's auto segment continued its growth trajectory with Q4 sales volume rising 18 per cent to 2.53-lakh units, including 1.49-lakh SUVs. Tractor sales also recorded a robust 23 per cent jump to 87,138 units, contributing to a Q4 market share high of 41.2 per cent in the segment. Electric vehicle traction also gained momentum, with over 6,300 units of its new EVs – the EV 9e and BE 6 – delivered within just over a month. While urban demand showed signs of pressure, rural markets remained a key growth driver. Looking ahead, Mahindra is targeting a ramp-up in monthly vehicle output from 61,500 to 85,000 units by the end of FY26, pushing its annual installed capacity beyond one million units. It also aims to increase production capacity for its XUV3X0 and Thar ROXX models by 3,000 units this fiscal, while Chakan, Pune, will see an additional 1.2-lakh unit platform capacity. A new passenger vehicle manufacturing plant is planned to be operational by March 31, 2028. While the location is yet to be finalised, financial provisions have been made as part of the company's capital expenditure. The plant will focus primarily on passenger vehicles, though it may support other segments depending on future strategy and state-level incentives. A new vehicle platform will be unveiled on August 15, 2025. By 2030, the company aims to have a diversified portfolio that includes ICE SUVs, five battery electric vehicles (BEVs), and five light commercial vehicles (LCVs). The board has recommended a final dividend of Rs 25.30 per share, reflecting the company's strong cash generation of nearly Rs 10,000 crore in FY25, as highlighted by Group CFO Amarjyoti Barua. Group CEO & Managing Director Anish Shah attributed the strong results to excellent execution and continued gains in market share and profitability across the automotive and farm equipment sectors. "We have delivered strong growth on the back of stellar execution in F25. Auto and Farm continue to gain market share and expand profitability. TechM is making commendable progress towards its dual objectives of strengthening client positioning and margin expansion," he said. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
