Mahindra Group to assist US companies to manufacture in India

As India ramps up efforts to revolutionize the global manufacturing and supply chain landscape, the Mahindra Group is poised to help American companies enhance their international footprint and expand by leveraging the advantages of India as a manufacturing hub. 

The Mahindra Group will support interested companies in setting up their manufacturing base in India in a range of ways, including (i) through an integrated approach to manufacturing (infrastructure, supply chain, technology/automation, and others), (ii) a modular plug-and-play suite of offerings, (iii) experience sharing on regulations and compliance, and (iv) environmental, social and governance (ESG) focus. With India as the fulcrum for its manufacturing operations, the Mahindra Group offers self-sufficient industrial parks at strategic locations and expertise to guide companies through the approval processes. The group will also offer cost-effective solutions for manufacturing and logistics needs, amongst others. 

Complementing these efforts, International Finance Corporation (IFC) – the largest global development institution focused on the private sector in emerging markets – will offer equity and debt financing solutions for these companies. 

M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in automobile manufacturing. It is one of the leading auto companies in India. 

Today, the stock opened at Rs 1522.55, with a high and low of Rs 1557 and Rs 1516. The stock closed trading at Rs 1547.00. up by 1.61%.  

In the last six months, the shares of the company have given about 15% returns, and in the last one year, the stock has given about 30% returns.   

The stock has a 52-week high of Rs 1594.85 and a 52-week low of Rs 1,124. The company has a ROCE of 13.6% and an ROE of 18.1% with a market capitalisation of Rs 1,92,401 crore. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.