Mahindra & Mahindra announced that the newly launched Thar ROXX has registered 176218 bookings within 60 minutes of booking commencement at 11.00 am. The unprecedented response reflects the broad appeal of Thar ROXX, captivating customers nationwide. With its head-turning design, refined driving experience, powerful performance, unmatched off-roading capability, top-tier safety features, spacious interiors, and advanced technology, Thar ROXX continues to set new benchmarks as a category disruptor in the SUV segment. Deliveries of the Thar ROXX will commence on the auspicious occasion of Dussehra. Mahindra is grateful to its customers for the enthusiastic response and remains committed to prioritizing a seamless delivery experience. As deliveries begin, Mahindra will inform customers about their tentative delivery schedules in a phased manner over the next three weeks.  Powered by Capital Market - Live

Mahindra & Mahindra's Farm Equipment sector sold 44,256 tractors in month of September 2024 compared to 43,210 units in September 2023, higher by 2%. Domestic tractors sales grew 3% (YoY basis) to 43,201 units while exports declined 10% (YoY basis) to 1,055 units in September. Powered by Capital Market - Live

Mahindra & Mahindra achieved total sales of 87,839 units in month of September 2024 compared to 75,604 units in September 2023, higher by 16%. Total sales comprise of domestic passenger vehicle sales of 51,062 units (higher by 24% on YoY basis) and domestic commercial vehicle sales of 33,750 units (higher by 6% on YoY basis). Exports rose 25% to 3,027 units. Powered by Capital Market - Live

Mahindra & Mahindra Ltd gained for a fifth straight session today. The stock is quoting at Rs 3124, up 1.07% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.35% on the day, quoting at 26094.2. The Sensex is at 85475.84, up 0.36%. Mahindra & Mahindra Ltd has risen around 12.34% in last one month. Meanwhile, Nifty Auto index of which Mahindra & Mahindra Ltd is a constituent, has risen around 5.17% in last one month and is currently quoting at 26888.35, up 1.35% on the day. The volume in the stock stood at 20.17 lakh shares today, compared to the daily average of 29.46 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 3145, up 1.74% on the day. Mahindra & Mahindra Ltd is up 96.58% in last one year as compared to a 32.35% spurt in NIFTY and a 67.36% spurt in the Nifty Auto index.The PE of the stock is 36.16 based on TTM earnings ending June 24.Powered by Capital Market - Live

Mahindra & Mahindra Ltd is up for a third straight session today. The stock is quoting at Rs 2834, up 1.66% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.18% on the day, quoting at 25463.9. The Sensex is at 83253.4, up 0.21%. Mahindra & Mahindra Ltd has gained around 2.49% in last one month. Meanwhile, Nifty Auto index of which Mahindra & Mahindra Ltd is a constituent, has gained around 2.46% in last one month and is currently quoting at 25896.4, up 0.38% on the day. The volume in the stock stood at 15.85 lakh shares today, compared to the daily average of 21.8 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 2830.25, up 1.57% on the day. Mahindra & Mahindra Ltd is up 73.44% in last one year as compared to a 27.95% jump in NIFTY and a 57.73% jump in the Nifty Auto index.The PE of the stock is 32.64 based on TTM earnings ending June 24.Powered by Capital Market - Live

Mahindra 3.5 t segment. Veejay Nakra, President - Automotive Division, Mahindra 3.5 t segment. Built to help customers maximise earnings, it offers best-in-class payload, exemplary mileage, and superior maneuverability. With multiple segment-first technology and features, the vehicle ensures a premium cabin experience, unmatched safety, exceptional performance, and capability. The Mahindra Veero is designed to be a category disrupter ahead of all other offerings in this segment, truly living up to the promise of being 'Soch Se Aage'. The price of the All-new Veero starts from Rs 7.99 lakh. Powered by Capital Market - Live

Mahindra & Mahindra announced its production, sales and exports for the month of August 2024 as under:   Aug'24   Aug'23   Production 78,414  71,315     Sales 73,695  67,927    Exports 3,060  2,423  Powered by Capital Market - Live

On World EV Day, Mahindra Last Mile Mobility (MLMML), the pioneer in transforming last mile mobility in India with its market-leading e3Ws, has revealed the name of its all-new commercial electric four-wheeler. MLMML's latest breakthrough in sustainable mobility: the all-new electric four-wheeler will be called 'eZEO'. The name 'e-ZEO', stands for Zero Emission Option, unequivocally conveys the environmental benefits of the electric vehicle. It resonates with the Company's mission: to electrify the last-mile transportation and help customers prosper in their lives. The all-new Mahindra 'e-ZEO' will be a compelling EV option in the ICE-dominated SCV category. The 'e-ZEO' comes with an efficient high-voltage architecture that gives superior energy efficiency, higher range and faster charging times. This along with a compelling cost advantage, will make it the ideal choice for businesses. World EV Day, celebrated every year on September 9, marks a global commitment to sustainable transportation. The launch of the 'e-ZEO' is a testament to Mahindra's dedication to advancing this movement and driving the transition to a greener future.Powered by Capital Market - Live

The headline equity benchmarks traded with modest gains in early afternoon trade. The Nifty hovered near the the 25,300 level. IT shares witnessed buying demand for the sixth consecutive trading session. At 12:30 IST, the barometer index, the S&P BSE Sensex gained 244.21 points or 0.30% to 82,609.98. The Nifty 50 index added 60.05 points or 0.24% to 25,295.95. The Sensex and Nifty clocked an all-time high of 82,725.28 and 25,333.65, respectively in early trade. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 0.14% and the S&P BSE Small-Cap index declined 0.54%. The S&P BSE Mid-Cap index hit an all-time high at 49,306.56. The market breadth was negative. On the BSE, 1,738 shares rose and 2,197 shares fell. A total of 155 shares were unchanged. Economy : The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) stood at 57.5 in August, below July's reading of 58.1 but above its long-run average of 54.0, signalling a substantial improvement in operating conditions. Indian manufacturers registered softer increases in new business and output during August, albeit with rates of expansion remaining elevated by historical standards. One factor that supported the rise in purchasing activity was a moderation in cost pressures. Concurrently, demand resilience meant that firms were comfortably able to share additional cost burdens with their clients by lifting selling prices. New business rose sharply midway through the second fiscal quarter, but the pace of expansion eased to a seven-month low. Panel members attributed the increase to advertising, brand recognition and healthy demand trends. Competitive conditions reportedly dampened growth. Pranjul Bhandari, Chief India Economist at HSBC, said: The Indian manufacturing sector continued to expand in August, although the pace of expansion moderated slightly. New orders and output also mirrored the headline trend, with some panellists citing fierce competition as a reason for slowdown. On a positive note, the rise in input costs slowed sharply. Manufacturers increased their raw material buying activity in order to build safety stocks. In line with input costs, the pace of output price inflation also decelerated, but the deceleration was to a much smaller extent, thereby increasing margins for manufacturers. Business outlook for the year ahead moderated slightly in August, driven by competitive pressures and inflation concerns.' Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rallied 4.57% to 14.01. The Nifty 29 August 2024 futures were trading at 25,369, at a premium of 73.05 points as compared with the spot at 25,295.95. The Nifty option chain for the 26 September 2024 expiry showed maximum Call OI of 46 lakh contracts at the 25,000 strike price. Maximum Put OI of 63.9 lakh contracts were seen at 25,000 strike price. Buzzing Index: The Nifty IT index rose 1% to 43,215.20. The index rallied 5.17% in six consecutive trading sessions. HCL Technologies (up 3.02%), L&T Technology Services (up 1.89%), Infosys (up 1.59%), Persistent Systems (up 1.34%), Tech Mahindra (up 1.3%), Mphasis (up 1.13%), Coforge (up 1.06%), Tata Consultancy Services (up 0.29%) advanced. On the other hand, LTIMindtree (down 0.17%) and Wipro (down 0.08%), edged lower. Stocks in Spotlight: Mahindra & Mahindra declined 1.41%. The auto major announced that its overall auto sales grew by 9.1% to 76,755 vehicles sold in August 2024 as against 70,350 vehicles sold in August 2023. Further, the company's Farm Equipment Sector (FES) announced that its total tractor sales (domestic + exports) during August 2024 was at 21,917 units, up 1.11% from 21,676 units in August 2023. Tata Motors slipped 1.83% after the auto major's domestic and international vehicle sales declined 8.1% to 71,693 units in August 2024 as against 78,010 units sold in August 2023. TVS Motor Company shed 0.79%. The two-wheeler maker's total sales jumped 13.23% to 391,588 units in August 2024 as compared with 345,848 units in August 2023. Steel Strips Wheels (SSWL) rose 0.22%. The company achieved net turnover of Rs 363.10 crore in August 2024, down 6.84% from Rs 389.77 crore posted in August 2023. Powered by Capital Market - Live

Mahindra & Mahindra announced its tractors sales for month of August 2024 as under:  Tractors Sales Aug'24   Aug'23 % Change    Domestic 20518  20647  -1    Exports 1399  1029  36    Total 21917  21676  1        Commenting on the performance, Hemant Sikka, President ' Farm Equipment Sector, Mahindra & Mahindra said, 'We have sold 20518 tractors in the domestic market during August. The cumulative monsoon rainfall is normal to above normal in Southern, central, western, and most northern states, while it has been deficient in few eastern and northeastern states. Reservoir levels have improved substantially and Kharif sowing for paddy, pulses, oil seeds and sugarcane has progressed very well and higher than last year. The upcoming festive season, above normal monsoon, bumper Kharif harvest and favorable terms of trade for farmers are likely to drive growth of tractor industry going forward. In the exports market, we have sold 1399 tractors, a growth of 36% over last year.Powered by Capital Market - Live