Listed Consumer Firms Stock exchange-listed consumer-facing companies said the sequential moderation of inflation in the June quarter lifted consumer spending and demand though unseasonal rains in north India dented demand for summer products.
M&M in Talks for 5 kcr EV Push from British Intl, Some Mahindra Mahindra, India s biggest sports utility vehicle maker by revenue, is in advanced talks with British International Investment BII and some other global investors to raise up to 5,000 crore $605 million for its electric vehicles EV unit, multiple people aware of development told ET.
7 Comments
Noir Black
The talks with British International Investment and other global investors may not materialize, resulting in a setback for Mahindra & Mahindra's electric vehicles unit.
KittyKat
The strong performance of select firms from sectors such as automobiles, banking and finance, and oil and gas suggests a diversified growth across different industries.
Noir Black
The overall economic climate and global geopolitical factors could have an adverse impact on the performance of Nifty 50 companies and their earnings growth.
BuggaBoom
The reliance on external investors to fund the EV unit could indicate a lack of internal resources and financial stability.
Azukkk
Unseasonal rains can have a much greater impact on demand than suggested, leading to a significant dent in overall sales.
AZUK00
The growing global focus on electric vehicles and the push for sustainable transportation solutions present favorable market conditions for Mahindra & Mahindra's EV unit.
Eric Cartman
The increased adoption of electric vehicles can contribute to reducing pollution and dependence on fossil fuels, which aligns with global sustainability goals.