Mahindra & Mahindra Limited (M&M.BO)
| Previous Close | 2,050.25 |
| Open | 2,049.95 |
| Bid | 2,030.90 x 0 |
| Ask | 2,032.25 x 0 |
| Day's Range | 2,028.10 - 2,073.95 |
| 52 Week Range | 1,195.65 - 2,108.85 |
| Volume | |
| Avg. Volume | 150,159 |
| Market Cap | 2.529T |
| Beta (5Y Monthly) | 1.01 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings Date | May 24, 2024 - May 28, 2024 |
| Forward Dividend & Yield | 16.25 (0.79%) |
| Ex-Dividend Date | Jul 14, 2023 |
| 1y Target Est | N/A |
- 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.
ReutersMahindra calls for EV level playing field amid Tesla's India entry plans
Indian automaker Mahindra & Mahindra has told the government there must be a level playing field between domestic and foreign players and local manufacturing must be promoted, a top executive said, as New Delhi seeks to lure carmakers such as Tesla. Mahindra and Tata Motors have pressed Indian officials privately not to lower import taxes of 100% on electric vehicles and protect domestic firms and their foreign investors as the government reviews Tesla's plans to enter the market, Reuters reported last month. Asked about Tesla's entry and New Delhi's planned policy to lower import taxes, Mahindra Managing Director Anish Shah said his company had made representations to Indian officials saying global EV makers must be nudged to invest in India.
