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Mahindra & Mahindra Limited (M&M.NS)

NSE - NSE Real-time price. Currency in INR
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2,784.60-36.75 (-1.30%)
As of 10:02AM IST. Market open.
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    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.

  • Reuters

    Tata Motors urges India to keep hybrid tax as Toyota seeks cut -sources

    India's top electric car maker Tata Motors is urging the government not to cut taxes on hybrid cars as they are more polluting than pure electrics, countering calls from Toyota for lower levies, according to three sources and a company letter. India is promoting electric vehicles (EV) as part of Prime Minister Narendra Modi's drive to reduce pollution, taxing them at just 5%, while the levy on hybrids is as high as 43%, just below the 48% imposed on petrol cars.