Shah Rides SUVs To Drive M&M's Top Line
Emphasis on 'capital allocation discipline' and robust performance by auto business help company post 18.4% RoE in FY24.
Emphasis on 'capital allocation discipline' and robust performance by auto business help company post 18.4% RoE in FY24.
M&M sold just 39 fewer cars than the country's second-largest carmaker Hyundai Motor India in September.
The top gainers on the BSE Sensex pack were Ultratech Cement, M&M, Bajaj Finserv, L&T, and Bajaj Finance.
How the business strategy has moved from traditional models of product-based advantages to more innovative approaches that blend physical and digital assets to solve customer problems.
Shares of Mahindra & Mahindra fell 4% to ₹1,885 on the BSE.
Premium positioning in a booming car market and a superior management structure make Landmark Cars — The Next 500 topper — a cut above the rest in a low-margin dealership business.
The BSE Sensex and Nifty50 are likely to open lower on Thursday, tracking soft cues from global peers and negative trend at Gift Nifty.
Upon liquidation of Resson Aerospace, M&M is entitled to receive around ₹28.7 crore as distribution of proceeds towards Class C preferred shares held by the company.
The company's automotive business clocked the highest-ever volumes in the first quarter at 186,000 units
Shares of Mahindra & Mahindra dropped as much as 7% on Thursday.