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Mahindra and Mahindra
Volume outlook
M&M expects volume growth (despite a slowing economy) to be driven by new
product launches. They are witnessing an encouraging response to the new XUV
500. Further, the Yuvraj has created a new segment within tractors. M&M has been
gaining market share in its core segments. Further, inventory levels are under check
as dealerships are carrying 21 days supplies.
Taxes on diesel vehicles
On the proposed issue of raising diesel taxes, management re-iterated its stance that
the government should raise fuel prices rather than levy additional taxes on vehicles.
At the same time, management is considering alternate power train options.
Capital expenditure
M&M has planned a capex of Rs50Bn in FY12 – FY14 for the standalone business
and Rs 20Bn as investments in subsidiaries over FY12-FY14.
Ssanyong
Management noted that the OEM has achieved cash breakeven. They are currently
focusing on rebuilding the brand in the domestic market and are expanding their
export footprint. The company will achieve sales of 120,000 units this year.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Mahindra and Mahindra
Volume outlook
M&M expects volume growth (despite a slowing economy) to be driven by new
product launches. They are witnessing an encouraging response to the new XUV
500. Further, the Yuvraj has created a new segment within tractors. M&M has been
gaining market share in its core segments. Further, inventory levels are under check
as dealerships are carrying 21 days supplies.
Taxes on diesel vehicles
On the proposed issue of raising diesel taxes, management re-iterated its stance that
the government should raise fuel prices rather than levy additional taxes on vehicles.
At the same time, management is considering alternate power train options.
Capital expenditure
M&M has planned a capex of Rs50Bn in FY12 – FY14 for the standalone business
and Rs 20Bn as investments in subsidiaries over FY12-FY14.
Ssanyong
Management noted that the OEM has achieved cash breakeven. They are currently
focusing on rebuilding the brand in the domestic market and are expanding their
export footprint. The company will achieve sales of 120,000 units this year.
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