MAHMF - Mahindra & Mahindra Limited

Other OTC - Other OTC Delayed Price. Currency in USD
7.70
-0.40 (-4.94%)
At close: 1:40PM EST
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Previous Close8.10
Open7.70
Bid0.00 x 0
Ask0.00 x 0
Day's Range7.70 - 7.70
52 Week Range5.90 - 17.00
Volume500
Avg. Volume436
Market Cap9.754B
Beta (3Y Monthly)0.18
PE Ratio (TTM)7.20
EPS (TTM)1.07
Earnings DateN/A
Forward Dividend & Yield0.12 (1.47%)
Ex-Dividend Date2019-07-17
1y Target EstN/A
  • Reuters

    UPDATE 1-India's Sept passenger vehicle sales dive 24% as slowdown persists

    NEW DELHI/BENGALURU, Oct 11 (Reuters) - India's passenger vehicle sales slumped 23.7% in September, the eleventh straight month of declines, prompting an industry body to flag more job cuts if sales failed to pick up soon. Passenger vehicle sales dropped to 223,317 units in September, the Society of Indian Automobile Manufacturers (SIAM) data showed, while passenger car sales dived 33.4% to 131,281 units. SIAM's data comes as the domestic automobile industry faces a crippling slowdown in demand that has led to production cuts and thousands of job losses.

  • Ford ties up with Mahindra in India to cut risks and costs
    Reuters

    Ford ties up with Mahindra in India to cut risks and costs

    MUMBAI/NEW DELHI (Reuters) - Ford Motor Co and Mahindra & Mahindra said on Tuesday they would form a joint venture in India, in a move aimed at reducing risks for the U.S. automaker's local business and cutting the cost of developing and producing vehicles for emerging markets. The venture, valued at $275 million, will see Ford enlist Mahindra as a partner for developing and selling vehicles in India and emerging markets using the U.S. automaker's production facilities in the country. By shifting to a joint venture, Ford is also changing its strategy for India, where it has long run an independent operation.

  • Benzinga

    Ford Dilutes Indian Ownership Interest Via JV With India's Mahindra

    Ford Motor Company (NYSE: F), which has not made much of a headway by going solo in India, has decided to scale back its ambitions. One of the earliest foreign companies to enter the Indian market, the auto giant has opted to pare back ownership in its Indian operations. Ford said Tuesday it has signed a definitive agreement with India's Mahindra & Mahindra Limited to create a joint venture to which it will transfer its Indian operations, including its personnel and assembly plants in Chennai and Sanand.

  • Reuters

    UPDATE 2-Ford ties up with Mahindra in India to cut risks and costs

    MUMBAI/NEW DELHI, Oct 1 (Reuters) - Ford Motor Co and Mahindra & Mahindra said on Tuesday they would form a joint venture in India, in a move aimed at reducing risks for the U.S. automaker's local business and cutting the cost of developing and producing vehicles for emerging markets. The venture, valued at $275 million, will see Ford enlist Mahindra as a partner for developing and selling vehicles in India and emerging markets using the U.S. automaker's production facilities in the country.

  • Reuters

    RPT-Ford forms JV with Mahindra for India business

    Ford Motor Co and Mahindra & Mahindra will form a joint venture company in India valued at $275 million that will develop, market and distribute Ford branded vehicles in the country, the two companies said on Tuesday. The two companies have for months been negotiating the deal, which will see Ford hold a 49% stake in the new entity, while Indian rival Mahindra will own 51%, Reuters reported in April. India's autos market is dominated by Asian automakers like Suzuki Motor Corp and Hyundai Motor Co.

  • Benzinga

    Mahindra And Ford Announce Joint Venture To 'Drive Profitable Growth' In India And Emerging Markets

    MUMBAI, India & NEW DELHI--(BUSINESS WIRE)-- Mahindra & Mahindra Limited and Ford Motor Company have signed a definitive agreement to create a joint venture that will develop, market and distribute Ford brand vehicles in India and Ford brand and Mahindra brand vehicles in high-growth emerging markets around the world. Mahindra and Ford will form a joint venture, with Mahindra owning a 51 percent controlling stake and Ford owning a 49 percent stake.

  • Ford close to JV deal with Mahindra in India: sources
    Reuters

    Ford close to JV deal with Mahindra in India: sources

    Ford Motor Co and Mahindra & Mahindra are likely to sign a deal next week to form a joint venture in India, two sources told Reuters, in a move that will see the U.S. carmaker end most of its independent operations in the country. The two companies have for months been structuring the deal to create a new entity in which Ford will hold a 49% stake, while Indian rival Mahindra will own 51%, Reuters reported in April. Under the deal Ford will transfer most of its automotive assets and employees in India to the new company, but the carmaker will retain an engine plant in Sanand in the western state of Gujarat, according to the two sources, who asked not to be named as the talks are private.

  • Australia grounds Mahindra's GA8 planes after Swedish crash
    Reuters

    Australia grounds Mahindra's GA8 planes after Swedish crash

    Australia's air safety regulator has grounded operations of a small aircraft manufactured by Mahindra Aerospace for up to 15 days following a crash in Sweden that killed nine people earlier this month. The Civil Aviation Safety Authority (CASA) said it had suspended operations of all GippsAero GA8 planes in Australia and all Australian-registered GA8 planes flying overseas from July 20 through Aug. 3. The GA8 single-engine aircraft, built in Australia by GippsAero, is typically used for skydiving, tourism, air patrols, medical evacuations and humanitarian missions in remote locations, according to Mahindra Aerospace's website.

  • Reuters

    Exclusive: Ford likely to end independent India business with new Mahindra deal - sources

    Ford Motor Co is nearing a deal with Mahindra & Mahindra to form a new joint-venture company in India, a move that will likely see the U.S. automaker cease independent operations in the country, two sources with direct knowledge of the talks told Reuters. The deal would make Ford the latest automaker to pare back its interests in India. Over two decades, Dearborn, Michigan-based Ford invested more than $2 billion in India but has consistently struggled - it currently has a market share of just 3 percent in India, one of the world's fastest-growing car markets.

  • Reuters

    Sensex, Nifty extend declines, post two percent weekly fall

    (Reuters) - Indian shares recovered some of their early losses in late trade on Friday, but subdued global indicators and muted domestic earnings led to the markets ending in the red again. The trading ...

  • Reuters

    Mahindra & Mahindra quarterly profit falls 11.4 percent on lean demand

    (Reuters) - Automaker Mahindra & Mahindra Ltd on Friday posted an 11.4 percent drop in third-quarter profit, as the demand for passenger vehicle sales softened and its MHCV segment came under pressure ...