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Mahindra & Mahindra Limited (M&M.NS)

NSE - NSE Real-time price. Currency in INR
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2,579.75-29.45 (-1.13%)
At close: 03:29PM IST
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Previous close2,609.20
Bid0.00 x 0
Ask0.00 x 0
Day's range2,572.40 - 2,605.00
52-week range1,298.00 - 2,617.40
Avg. volume3,487,743
Market cap3.09T
Beta (5Y monthly)1.01
PE ratio (TTM)N/A
Earnings date02 Aug 2024 - 06 Aug 2024
Forward dividend & yield21.10 (0.82%)
Ex-dividend date04 Jul 2024
1y target est1,598.55
  • Reuters

    India'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.