M&M rises on signing MoU with DBS Bank India
Mahindra & Mahindra is currently trading at Rs. 3138.75, up by 55.50 points or 1.80% from its previous closing of Rs. 3083.25 on the BSE.
The scrip opened at Rs. 3090.00 and has touched a high and low of Rs. 3,153.55 and Rs. 3075.80 respectively. So far 33760 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3840.00 on 05-Jan-2026 and a 52 week low of Rs. 2896.30 on 16-Mar-2026.
Last one week high and low of the scrip stood at Rs. 3,399.55 and Rs. 3,033.30 respectively. The current market cap of the company is Rs. 390169.61 crore.
The promoters holding in the company stood at 18.45%, while Institutions and Non-Institutions held 67.80% and 13.75% respectively.
Mahindra & Mahindra (M&M) has signed a Memorandum of Understanding (MoU) with DBS Bank India to launch a first-of-its kind sustainability-linked dealer financing program. The initiative aims to incentivise authorised M&M dealers to adopt sustainable business practices by offering them favourable interest rates on loans for the purchase of passenger and commercial vehicles.
The program framework, the first such one in the Indian automotive sector, clearly defines environmental performance criteria, enabling a dealership’s operations to be measured against a range of parameters, in accordance with M&M’s Green Dealership Program requirements. These include the monitoring of greenhouse gas emissions and water consumption, renewable energy use, provisions for rainwater harvesting, responsible waste management, the availability of public Electric Vehicle (EV) charging facilities and even the number of eSUVs the dealerships sell.
M&M authorized dealerships typically purchase vehicles from the manufacturer before selling them on to customers. Under the new structure of the DBS financing program, the dealerships can be ranked depending on how they score against the detailed ESG parameters, with commercial benefits attached to dealers that make progress on ESG criteria and sales targets. The metrics were jointly designed by M&M and financing partner DBS Bank India.
