Mahindra & Mahindra Limited (MHIDL.XC)
| Previous close | 28.80 |
| Open | 30.30 |
| Bid | 0.00 x N/A |
| Ask | 0.00 x N/A |
| Day's range | 30.00 - 30.30 |
| 52-week range | 15.05 - 30.30 |
| Volume | |
| Avg. volume | 1,420 |
| Market cap | 35.939B |
| Beta (5Y monthly) | 1.01 |
| PE ratio (TTM) | 25.00 |
| EPS (TTM) | 1.20 |
| Earnings date | 02 Aug 2024 - 06 Aug 2024 |
| Forward dividend & yield | 0.20 (0.68%) |
| Ex-dividend date | 12 Jul 2023 |
| 1y target est | N/A |
ReutersIndia'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.
- 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.
