M&M Management Continues To Walk The Talk: ICICI Securities 
The Mahindra & Mahindra Ltd. logo is displayed on a Thar SUV at a dealership in New Delhi, India (Photographer Sanjit Das/Bloomberg)

M&M Management Continues To Walk The Talk: ICICI Securities 

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 Securities Report

Mahindra & Mahindra Ltd. hosted an investor call on developments related to -

1. exit from the planned joint venture with Ford Motor Company,

2. SsangYong Motor Co., M&M and Ford have reassessed their capital allocation priorities, both companies have mutually decided to not proceed further on the JV which was supposed to develop, market and distribute Ford vehicles in India.

The company’s management has again reinforced investors that capital allocation remains the key tenet (target return on equity of more than18) for decision making.

Click on the attachment to read the full report:

ICICI Securities M&M Company Update .pdf

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