M&M: Capital Calls Taken Under Broader 18% RoE Framework, Says ICICI Direct  
A Mahindra & Mahindra Ltd. badge sits above the front grill of XUV 500 SUV on the production line at the company’s facility in Chakan, Maharashtra, India. (Photographer Udit Kulshrestha/Bloomberg)

M&M: Capital Calls Taken Under Broader 18% RoE Framework, Says ICICI Direct  

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

We attended the virtual analyst meet hosted by Mahindra & Mahindra Ltd. wherein the company provided a business update on notably three domains -

1. Update on potential investor coming on board of SsangYong Motor Co. and potential financial implication for the company (equity and debt exposure)

2. amicable calling off of joint venture with Ford Motors (announced in October 2019) and

3. supply side constraints (semi-conductor chips) impacting volumes in the near term.

Click on the attachment to read the full report:

ICICI Direct Mahindra & Mahindra Company Update.pdf

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