Mahindra & Mahindra Limited (MHID.IL)
- Investing.com
This Auto Stock is up 113% in 1 Year, Can You Still Buy it?
Analyst meetings, like the one recently held by Mahindra & Mahindra (M&M), play a significant role in providing this clarity. Bernstein’s recent report outlines the key takeaways and maintains an Outperform rating for M&M. M&M is balancing its electric vehicle (EV) ambitions with the continued relevance of internal combustion engine (ICE (NYSE:ICE)) vehicles.
- 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
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.
