Straits Times Index
3,336.59 +13.21 (+0.40%) Nikkei
38,487.90 +433.77 (+1.14%) Hang Seng
18,079.61 -150.58 (-0.83%) FTSE 100
8,275.38 +44.33 (+0.54%) Bitcoin USD
67,724.80 -30.11 (-0.04%) CMC Crypto 200
1,424.37 -4.20 (-0.29%)
Mahindra & Mahindra Limited (M&M.NS)
| Previous close | 2,493.50 |
| Open | 2,517.75 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 2,495.15 - 2,569.20 |
| 52-week range | 1,346.35 - 2,617.40 |
| Volume | |
| Avg. volume | 3,529,970 |
| Market cap | 3.002T |
| Beta (5Y monthly) | 1.01 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings date | 02 Aug 2024 - 06 Aug 2024 |
| Forward dividend & yield | 21.10 (0.84%) |
| Ex-dividend date | 04 Jul 2024 |
| 1y target est | 1,598.55 |
ReutersIndia's Mahindra & Mahindra to invest $1.44 billion in EV arm; explores hybrid tech
BENGALURU (Reuters) -Indian automaker Mahindra & Mahindra said on Thursday it would invest $1.44 billion over the next three years in its electric vehicle (EV) unit to boost growth, even though it is now also closely looking at hybrid technology. Mahindra, India's third-biggest EV maker, currently sells just one model, the XUV400, but it is slated to launch a new range of EVs next year. "At this point in time, we feel good about the focus on EVs," Mahindra Managing Director Anish Shah said in a post-earnings press conference.
- Reuters SG
UPDATE 5-In big win for Tesla, India to lower EV import tax if $500 mln invested
India on Friday lowered import taxes on certain electric vehicles produced by carmakers that commit to invest at least $500 million and start domestic manufacturing within three years, bolstering Tesla's plans for the market. The policy is a big win for Tesla as it's in line with what the company had been lobbying for in New Delhi, despite pushback from domestic carmakers.
- 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.
