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    M&M   INE101A01026

MAHINDRA AND MAHINDRA LTD

(M&M)
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Delayed NSE India Stock Exchange  -  06:25 2022-12-09 am EST
1265.40 INR   -0.70%
12/06Mahindra Auto sells 30,238 SUV's and 58,303 vehicles overall in November 2022; Registers 45% growth vs November 2021
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12/06Mahindra's Farm Equipment Sector sells 29,180 units in India during November 2022
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Mahindra & Mahindra Limited Launches Bolero MaXX Pik-Up

08/10/2022 | 02:56am EST

Mahindra & Mahindra Limited announced the launch of the Bolero MaXX Pik-Up, a new brand of futuristic pickups catering to the transport and logistics needs of modern India. The company unveiled the brand with the launch of the Bolero MaXX Pik- Up City 3000 at an introductory price of INR 7,68,000 onwards (ex-showroom), available with a down payment of 25,000 and with attractive finance schemes. With the evolving transportation needs, Mahindra is introducing a new brand in the pickup segment to address the dynamic needs of modern-day businesses.

Bolero MaXX Pik-Up is a pioneering new brand from Mahindra, engineered and designed to set new benchmarks in the pickup segment. This latest pickup brand boasts of the advanced connected technology - iMaXX telematics solution, enabling effective vehicle management and maximizing business productivity. Segment-leading comfort and safety features provide driver convenience on longer routes.

Premium design features such as a new front grille, new headlamps, and a premium new dashboard with a digital cluster will accentuate pride of ownership for the business owners. About Bolero MaXX Pik-Up: Bolero MaXX Pik-Up boasts of advanced iMAXX telematics solution for enabling new-age business owners to deploy vehicle telematics and on-board vehicle diagnostics to improve business productivity and reduce operating costs. With over 30+ features accessible on a mobile app, the iMAXX telematics solution supports business owners in gaining powerful insights into vehicle health and performance and aids MLO and fleet operators with route planning, delivery scheduling, navigation, vehicle tracking, geofencing, fuel log, amongst other features.

For accentuating driver comfort and safety, the Bolero MaXX Pik-Up comes with several category first features. It is the first pickup in India to offer height adjustable driver seats to ensure a tireless journey. The certified D+2 seating with headrest and higher legroom provides maximum comfort.

Safety features such as category first Turn safe lights, LED tail lamps, and front bonnet ensure maximum driver safety. Endowed with a 5.5-meter turning radius, the Bolero MaXX Pik-Up can negotiate any traffic, narrow city lanes, and flyovers with élan. The compact design makes it ideally suited for city roads for inter and intracity transportation.

Bolero MaXX Pik-Up City 3000 is engineered and designed to deliver MaXX profit with class- leading mileage of 17.2km/l*, critical in today's high fuel-price sensitive market. The trusted m2Di engine from Mahindra offers best-in-class torque of 195Nm and 48.5kW (65 hp) of power. Considering urban transportation needs, the Bolero MaXX Pik-Up City 3000 offers a higher payload capacity of 1300 Kg, the widest cargo dimensions in the category - 1700mm, over- slung suspension, and best in category R15 tyres for better loading stance.

Additionally, its lower operating cost further boosts savings and income for the customers. The Bolero MaXX Pik-Up City 3000 comes in three body colour options: Gold, Silver, and White, with a warranty of three years/100,000 km and a longer service interval of 20,000 km. Mahindra is also offering an optional 3-year /90000 km free preventive maintenance service.

The All-New Bolero MaXX Pik-Up is set to further consolidate Mahindra's dominance in the pickup segment in India. With a 60% market share in First Quarter F23 in LCV 2T to 3.5T category, Mahindra has been at the forefront of introducing several class-leading products and technologies in the category to fortify its leadership position.


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Financials
Sales 2023 803 B 9 742 M 9 742 M
Net income 2023 67 243 M 815 M 815 M
Net cash 2023 68 041 M 825 M 825 M
P/E ratio 2023 22,5x
Yield 2023 1,02%
Capitalization 1 407 B 17 064 M 17 064 M
EV / Sales 2023 1,67x
EV / Sales 2024 1,42x
Nbr of Employees 260 000
Free-Float 71,9%
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Last Close Price 1 265,40
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Managers and Directors
Anish Dilip Shah Chief Executive Officer, MD & Director
Manoj Bhat President & Group Chief Financial Officer
Anand Gopal Mahindra Executive Chairman
Mohit Kapoor Group Chief Technology Officer & Executive VP
Rucha Nanavati Chief Information Officer
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