Indian Stock Market News and Analysis

According to sources, M&Mhas signed a deal for hydrogen technology with a China-based company. The deal is valued at less than USD 50 million. M&M will be transferred the total technology from the Chinese company in 2-5 years the sources added.

M&M will launch hydrogen-based technology for the Scorpio, Ingenio and Bolero in two years said the sources. The Chinese company supplies this technology to some Japanese and European carmakers.

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Cheers
On 9/11/07, Eshers wrote: > > NEW DELHI: Mahindra & Mahindra (M&M) is all set to join the league of > Honda, Toyota, Ford and General Motors by offering automatic transmission in > its vehicles. > > The country’s largest utility vehicle maker will be the first Indian > company to develop an indigenous automatic transmission which will be > initially strapped on its Scorpio SUV. The new Scorpio will be pitted > against Honda CRV, Ford Endeavour, Volvo XC90 and Maruti-Suzuki’s Grand > Vitara. > > The new technology being developed by M&M’s research and development > centre at Nasik will take it ahead of its rival and India’s largest Indian > automobile company, Tata Motors, which offers manual transmission in all its > vehicles. According to a company source, M&M is working on a six-speed > automatic transmission for the flagship Scorpio model. This model is > expected to be launched sometime in 2008 and will debut both in the domestic > and the overseas markets, including South Africa and the US, the world’s > most competitive market. > > According to a company source, M&M is developing the automatic > transmission with an European technical partner (possibly Renault), which > would be based on the much superior tourque-convertor technology, rather > than the conventional continuous variable transmission technology. > > “We have developed the technology for commercial production and it is in > the final stages of testing. It’s state-of-the-art technology, which will be > offered for the first time in India and will take our vehicles to the next > level of performance on a par with our Korean and Japanese competitors,” a > company source said. > > The new transmission system will be the standard fitment in all future > Scorpio variants, including the hydrogen-powered, the hybrid version and the > 2.2 litre Scorpio Eagle, likely to hit the road next year. > > Besides the Scorpio, the automatic transmission will also be strapped on > the proposed multi-utility vehicle Ingenio and the Mahindra AXE, a special > vehicle for the defence forces. The company plans to launch four new > platforms and 10 new products by 2010. > > Cheers > > Source : ET > > > On 9/7/07, Suresh Manjeshwar wrote: > > > > > > > > *Mahindra & Mahindra* > > > > *(Rs. 722.00, FY09E - P/E 14.9x, BUY with a Target Price of Rs. 1025)* > > > > * * > > > > *Business Outlook and Valuation - * > > > > Moving ahead we believe that better times are ahead for Mahindra as its > > well diversified product mix within the Automotive segment and a sustained > > growth in the Tractor business should improve its profitability levels > > significantly. > > > > The progress on JVs with ITEC and Renault is on schedule. The company > > sold 10,309 Logan vehicles YTD 07. The car has been very competitively > > priced against Tata Indigo, Ford Ikon, Chevrolet Aveo and Maruti Esteem. The > > initial response to this newly launched entry level sedan car was extremely > > good and it has started garnering good market share. As M&M acts as a > > contract manufacturer, we expect this joint venture to contribute > > substantially to top line going forward. The ITEC JV will allow M&M to > > launch trucks spanning different capacities including the high growth MAVs. > > The company is expected to launch new range of trucks (7-49 tonnes) from > > FY08. M&M is also strongly focused on growing its auto component business > > and targets to achieve a turnover of USD 1 bn by 2010. It is looking at both > > organic and inorganic routes to achieve this target. > > > > We believe there is tremendous upside potential ahead for Value > > unlocking for M&M as its subsidiaries operate in all high growth sectors > > such as IT, tourism, financial services and infrastructure. The M&M stock > > trades at 16.8x FY08E & 14.9x FY09E on standalone earnings basis. We > > rate M&M as a BUY with a target price of Rs.1025. > > > > > > > > Thanks & Regards > > > > Research Analyst > > Emkay Share and Stock Brokers Ltd. > > > > > > > > > > > — > I work in the IT industry and passionate about markets. Active in the > markets for the last 5 years. Reading about legends like Buffett, Munger, > Peter lynch etc gave some good insights about investing and markets.. Great > Fan of Ramesh Damani.. His chats since rediff days helped me a lot to > understand and learn (whatever little i have learned) about markets. > > Prefer concenrated Portfolio and long-term investing. My core holdings are > Infosys, Nucleus, KLG Systel, M&M , PLNG.I normally avoid cyclicals, > Commodities.. >