|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||598.70 - 616.50|
|52 Week Range||245.40 - 625.80|
|Beta (5Y Monthly)||0.95|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||2.35 (0.39%)|
|Ex-Dividend Date||Jul 16, 2020|
|1y Target Est||981.33|
Indian automaker Mahindra & Mahindra <MAHM.NS> is looking for investment partners for its domestic electric vehicles business and is finalising investment plans for its Automobili Pininfarina unit, the group's managing director said on Friday. The automaker wants to be a key player in mass-market electric vehicles (EVs) through its unit Mahindra Electric and in the high-end segment through Europe-based Pininfarina, which is building an electric hyper car Battista, Pawan Goenka said. Mahindra & Mahindra is seeking financial or strategic investors for Mahindra Electric, Goenka told a news conference after the group's quarterly earnings.
A U.S. regulator ruled that India's Mahindra and Mahindra Ltd infringed upon the intellectual property rights of Fiat Chrysler Automobiles NV's (FCA) Jeep brand, barring the sale of the vehicles in question. The International Trade Commission, in a decision released late Thursday, said Mahindra's Roxor off-road utility vehicle violated the "trade dress" of FCA's Jeep Wrangler SUV. The ITC issued a limited exclusion order prohibiting sale or import of the infringing vehicles and parts, as well as a cease and desist order to Mahindra and its North American unit.
In attempts to control the spread of the coronavirus and the COVID-19 pandemic, India has been been on lockdown since March 25 and will continue to be locked down until May 17. Like other countries in similar situations, India's economy has been suffering clinging to life as a result. According to a The Times of India, via Car and Driver, India reported exactly zero domestic car sales for the month of April.