Mahindra & Mahindra announced the incorporation of Velos Hybren on 09 December 2024 as a wholly owned subsidiary of Mahindra Susten (a subsidiary of Mahindra Holdings, which is a wholly owned subsidiary of Mahindra & Mahindra). Velos Hybren has been incorporated for production and sale of Power and Generating Electricity, Independent Power Producer (IPP), Distributed Energy including rooftop solar installation for commercial, industrial, institutional and residential segment, through various renewable energy sources and energy storage systems etc. Powered by Capital Market - Live News

Mahindra & Mahindra`s s Farm Equipment Sector sold 33,378 tractors in month of November 2024 compared to 32,074 tractors in November 2023, recording a growth of 4%. Domestic tractors sales stood at 31,746 units (higher by 2% YoY) while export were at 1,632 units (higher by 62% YoY). Commenting on the performance, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra said �We have sold 31746 tractors in the domestic market during November 2024, a growth of 2% over last year. With the Kharif harvest season getting completed, farmers are progressing with Rabi sowing. The marginal decline in the industry is due to shift in festive season of Diwali and Dhanteras as compared to the previous year. With very good reservoir levels and higher MSP for key Rabi crops, farmers sentiments are positive and cash flows healthy. Good progress in Rabi sowing and a good Rabi crop is expected to further boost demand for tractors in coming months. In the exports market, we have sold 1632 tractors, a growth of 62% over last year.�Powered by Capital Market - Live News

Mahindra & Mahindra achieved total sales of 79,083 units in month of November 2024 compared to 70,576 units in November 2023, recording a growth of 12%. Total sales include domestic sales of 76,307 units (higher by 11% on YoY basis). Exports rose 53% to 2,776 units in November 2024. The company sold 46,222 passenger vehicles (higher by 16% on YoY basis) and 30,085 commercial vehicles (higher by 5% on YoY basis). According to Veejay Nakra, President, Automotive Division, M&M, �We sold 46222 SUVs, a growth of 16% in November, and 79083 total vehicles. This month saw the launch of our most awaited Electric Origin SUVs - the BE6e and XEV9e. Built on the grounds-up revolutionary electric origin architecture INGLO and powered by MAIA, the fastest automotive mind in the world, these vehicles embody Mahindra`s vision of Unlimit India� an era where Indian innovation and design not only challenge global benchmarks but set new ones. The go to market for these Electric Origin SUVs will start in a phased manner in the later part of January 2025. Deliveries will commence towards the end of February or early March 2025.�Powered by Capital Market - Live News

Steer Hybren has been incorporated in Mumbai, Maharashtra on 29 November, 2024, as a wholly owned subsidiary of Mahindra Susten (MSPL), which is a subsidiary of Mahindra Holdings (MHL), which in turn is a wholly owned subsidiary of Mahindra & Mahindra. The Company has received an intimation from MSPL on 30 November, 2024 at 11.36 a.m. that the certificate of incorporation of Steer Hybren has been issued by the Ministry of Corporate Affairs.Steer Hybren has been incorporated for production and sale of Power and Generating Electricity, Independent Power Producer (IPP), Distributed Energy including rooftop solar installation for commercial, industrial, institutional and residential segment, through various renewable energy sources and energy storage systems etc. Powered by Capital Market - Live News

The launch event of Electric Origin SUVs by Mahindra Electric Automobile, a subsidiary of Mahindra & Mahindra, will commence today i.e. 26 November, 2024 at 6:00 p.m. (IST). The company will unveil its BE 6e & XEV 9e at UNLIMIT INDIA, Chennai. Powered by Capital Market - Live News