Mahindra & Mahindra Limited (M&M.BO)
| Previous close | 3,129.20 |
| Open | 3,129.15 |
| Bid | 3,017.05 x 0 |
| Ask | 3,025.45 x 0 |
| Day's range | 3,009.00 - 3,153.80 |
| 52-week range | 1,450.55 - 3,221.10 |
| Volume | |
| Avg. volume | 121,017 |
| Market cap | 3.365T |
| Beta (5Y monthly) | 1.05 |
| PE ratio (TTM) | 30.58 |
| EPS (TTM) | 98.66 |
| Earnings date | 08 Nov 2024 - 12 Nov 2024 |
| Forward dividend & yield | 21.10 (0.70%) |
| Ex-dividend date | 05 July 2024 |
| 1y target est | N/A |
ReutersExclusive-India's Mahindra seeks nod for $3 billion Shaanxi JV, sources say
NEW DELHI (Reuters) -Indian automaker Mahindra & Mahindra and China's Shaanxi Automobile Group have agreed to set up a $3 billion joint venture to build a car manufacturing plant in India and are awaiting New Delhi's approval, sources told Reuters. A majority stake in the proposed manufacturing venture will be owned by Mahindra, two sources with direct knowledge of the matter told Reuters, and is proposed to be set up in Prime Minister Narendra Modi's home state of Gujarat.
- Investing.com
This Auto Stock is up 113% in 1 Year, Can You Still Buy it?
Analyst meetings, like the one recently held by Mahindra & Mahindra (M&M), play a significant role in providing this clarity. Bernstein’s recent report outlines the key takeaways and maintains an Outperform rating for M&M. M&M is balancing its electric vehicle (EV) ambitions with the continued relevance of internal combustion engine (ICE (NYSE:ICE)) vehicles.
- Reuters
India yet to decide on lower taxes for imported EVs as local firms resist Tesla -official
India's domestic automakers are concerned about the possibility of Tesla entering the market - and government plans to give incentives to Tesla and other global carmakers. India has been working on a proposed policy to slash a 100% EV import tax to as low as 15% for automakers that commit to investing and manufacturing in India eventually. Deliberations over the import tax began after Tesla said it was interested in building a factory in India to produce an EV priced at $24,000, around 25% cheaper than Tesla's current entry model.
