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Mahindra & Mahindra Limited (MAHMF)
| Previous close | 24.14 |
| Open | 23.23 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 23.23 - 23.23 |
| 52-week range | 14.41 - 27.40 |
| Volume | |
| Avg. volume | 470 |
| Market cap | 29.009B |
| Beta (5Y monthly) | 1.01 |
| PE ratio (TTM) | 19.36 |
| EPS (TTM) | 1.20 |
| Earnings date | N/A |
| Forward dividend & yield | 0.20 (0.81%) |
| Ex-dividend date | 12 Jul 2023 |
| 1y target est | N/A |
- 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.
- 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.
