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Mahindra & Mahindra Ltd.
Mahindra & Mahindra
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Automobile & Ancillaries
Large-cap - With a market cap of ₹3883.04 Cr.
| EX-Date | Purpose |
|---|---|
| 28 05 2021 | Dividend & Audited Results |
| 06 08 2021 | Quarterly Results |
| 09 11 2021 | Quarterly Results |
| 10 02 2022 | Quarterly Results |
| 28 05 2022 | Dividend & Audited Results & A.G.M. |
| 05 08 2022 | Quarterly Results |
| 11 11 2022 | Quarterly Results |
| 10 02 2023 | Quarterly Results |
| 26 05 2023 | Dividend & Audited Results |
| 04 08 2023 | Quarterly Results |
| 10 11 2023 | Quarterly Results |
| 14 02 2024 | Quarterly Results |
| 07 11 2024 | Quarterly Results |
| 07 02 2025 | Quarterly Results |
| 05 05 2025 | Dividend & Audited Results & A.G.M. |
| 31 07 2025 | Quarterly Results |
| 04 11 2025 | Quarterly Results |
| 11 02 2026 | Quarterly Results |
| 05 05 2026 | Audited Results & Final Dividend |
News
Mahindra & Mahindra reports 42% rise in Q4 consolidated net profit
Consolidated total income of the company increased by 29.27% at Rs 55,976.75 crore for Q4FY26
Mahindra & Mahindra to acquire additional equity share capital in Carnot
The Company’s holding in Carnot would increase to 80.72% of the paid-up equity share capital and collectively 89% in terms of voting rights
M&M to hike prices across SUV, CV range
This price increase, effective from April 6, 2026, is attributed to a combination of cost escalations
M&M reports 21% rise in overall auto sales in March 2026
In the Utility Vehicles segment, Mahindra sold 60,272 vehicles in the domestic market in March 2026
M&M sells remaining 20% stake in BPIWSPL
Consideration received from such sale/disposal is Rs 5.07 crore
M&M’s overall auto sales rise 18% in February
The exports of the company increased 11% to 3,384 units in February 2026 as compared to 3,059 units in February 2025
Mahindra Group, Embraer to establish MRO facility for C-390 aircraft in India
The proposed MRO facility will provide comprehensive in country maintenance and sustainment for the C 390 fleet
M&M’s arm unveils advanced electric three-wheeler ‘Mahindra UDO’
It is priced attractively at Rs 3,84,299.00, ex-showroom, but for a limited period, the UDO will be offered for Rs 3,58,999.00
M&M reports 47% jump in Q3 consolidated net profit
Consolidated total income increased by 26.45% at Rs 52,958.27 crore for Q3FY26
Mahindra Group to establish integrated manufacturing facility in Maharashtra
The state-of-the-art facility will be developed across an area of 1500 acres in Vidarbha
M&M to deliver 35,000 units of Scorpio Pik Up vehicles in Indonesia
These Pik Ups will play a crucial role in enhancing logistics for Koperasi (Cooperatives) being set up in the country
M&M’s Farm Equipment Business reports 47% rise in January tractor sales
The exports increased 72% to 2,159 units in January 2026 from 1,252 units in January 2025
M&M’s overall auto sales rise 24% in January
The company has posted 25% increase in domestic passenger vehicles sales at 63,510 units
M&M launches new Thar ROXX STAR EDN
The introductory price of the Thar ROXX Star Edition starts at Rs 16.85 lakh
M&M launches updated Bolero Camper, Bolero Pik-Up range
The Bolero Pik-Up now features a new front look, reclining driver’s seat with headrest, and a wider co-driver seat for added comfort
M&M opens bookings for XEV 9S, XUV 7XO
It reported a milestone of 93,689 consolidated bookings across both vehicles, with a booking value of over Rs 20,500 crore
M&M launches XUV 3XO EV
The XUV 3XO EV offers practical ownership, making it an economical choice for the customers
M&M launches new XUV 7XO
The XUV 7XO delivers an experience that rewrites the rules of high-end SUVs by elevating sophistication and technology like never before
M&M’s Farm Equipment Business reports 39% rise in December tractor sales
Farm Equipment Business has reported total tractor sales (Domestic + Exports) of 31,859 units during December 2025
M&M’s overall auto sales rise 25% in December 2025
The company has posted 23% increase in domestic passenger vehicles sales at 50,946 units in December 2025
M&M’s arm sells 3.58% stake in CIE Automotive S.A
CIE Automotive S.A is an associate of MOICML
M&M launches BE 6 Formula E Edition
It is available in two variants, FE2 and FE3, priced at Rs 23.69 lakh and Rs 24.49 lakh respectively
M&M’s arm unveils XEV 9S with prices starting at Rs 19.95 lakh
The XEV 9S introduces a 70 kWh battery that offers best-in-class power of 180 kW and 380 Nm of torque
M&M, Manulife enter into agreement to establish 50:50 life insurance joint venture
The joint venture aims to offer long-term savings and protection solutions tailored to the diverse and growing needs of India’s population
Mahindra & Mahindra sells entire stake in RBL Bank
The company has sold its entire stake for a consideration of Rs 678 crore
M&M reports 16% rise in Q2 consolidated net profit
Consolidated total income of the company increased by 21.25% at Rs 46,781.18 crore for Q2FY26
M&M reports 26% rise in overall auto sales in October 2025
The exports of the company increased 15% to 4,015 units in October 2025 as compared to 3,500 units in October 2024
M&M’s Farm Equipment Sector reports 13% rise in October tractor sales
The exports increased 41% to 1589 units in October 2025 from 1127 units in October 2024
Mahindra Group signs strategic cooperation agreement with Embraer Defense & Security
Since the signing, the C-390 Millennium aircraft has further increased its operator base globally
Mahindra & Mahindra introduces New Bolero range
With this launch, the Bolero range continues to uphold its iconic appeal with refined aesthetics, enhanced comfort, and modern features
M&M’s JV launches 8 new tractors in 2WD, 4WD segments
The new tractors will cater to orchard farming, areca-nut cultivation, inter-cultivation, puddling, and haulage applications
M&M reports 16% rise in overall auto sales in September 2025
The company has posted 10% increase in domestic passenger vehicles sales at 56233 units in September 2025
M&M’s Farm Equipment Sector reports 49% rise in September tractor sales
In the domestic market, tractor sales grew 50% to 64,946 units in September 2025 as compared to 43,201 units in September 2024
Mahindra & Mahindra launches OJA tractors in Australia
The company introduced three new tractor models from the OJA 1100 and 2100 series in the sub-compact and compact category
M&M to cut prices of ICE portfolios by up to Rs 1.56 lakh
The benefits will be available to customers on the ICE portfolios starting from September 6, 2025
M&M’s total sales decline marginally in August 2025
The company has sold 26,201 tractors in August 2025 in the domestic market, as compared to 20,518 units in August 2024
M&M’s Farm Equipment Sector reports 28% rise in August tractor sales
The exports increased 37% to 1,916 units in August 2025 from 1,399 units in August 2024
M&M to increase production of BE 6 Batman edition
Production of the limited edition was originally set to be capped at 300 units
M&M launches BE 6 Batman Edition
The booking for BE 6 Batman Edition is scheduled to open on August 23, 2025
M&M intents to acquire 350 acres of land in Igatpuri
The company already has manufacturing plants in Nashik and Igatpuri.
M&M’s Farm Equipment Sector reports 6% rise in July tractor sales
In the domestic market, tractor sales grew 5% to 26,990 units in July 2025 as compared to 25,587 units in July 2024
M&M reports 26% rise in overall auto sales in July 2025
The company has posted 20% increase in domestic passenger vehicles sales at 49,871 units in July 2025
M&M reports 24% rise in Q1 consolidated net profit
Consolidated total income of the company increased by 23.44% at Rs 46,446.11 crore for Q1FY26
M&M launches XUV 3XO REVX series
The XUV 3XO recently achieved an impressive milestone of over 1 lakh sales in under a year
M&M’s Farm Equipment Sector Unit introduces advanced mLIFT hydraulic system
mLIFT precision technology will feature in the Mahindra 275 DI XP Plus, Mahindra 475 DI MS XP Plus, and Mahindra 575 DI XP Plus tractors
M&M to commence deliveries of BE 6, XEV 9e Pack Two
Both battery options come comprehensively equipped with the company’s advanced technology suite
M&M introduces Level 2 ADAS in Scorpio-N
The company has launched a new Z8T variant, further enhancing the appeal and accessibility of the premium Z8 range
Mahindra & Mahindra launches Bolero MaXX Pik-Up HD 1.9 CNG
Bolero MaXX Pik-Up HD 1.9 CNG stands out as Mahindra’s first CNG pickup featuring cutting- edge connected technology powered by advanced iMAXX telematics solution
M&M gets CCI’s nod to acquire 59% stake in SML Isuzu
The company has received CCI’s approval to acquire 59% stake for Rs 555 crore
Mahindra & Mahindra’s arm inks multi-year contract with Aernnova Aerospace
The contract covers the supply to several Aernnova Aerospace sites in Spain, the UK, Portugal and Brazil, further strengthening a collaboration that began in 2013
M&M reports 17% rise in overall auto sales in May 2025
The company has posted 21% increase in domestic passenger vehicles sales at 52,431 units in May 2025
M&M’s Farm Equipment Sector reports 10% rise in May tractor sales
In the domestic market, tractor sales grew 10% to 38914 units in May 2025 as compared to 35237 units in May 2024
M&M join hands with Dolby Laboratories
The company has joined hands with Dolby Laboratories to introduce Dolby Atmos in the Mahindra Thar ROXX AX7L variant
M&M’s powerol division emerges as India’s leading diesel genset manufacturer in FY25
Mahindra Powerol secured the No 1 position by volume in the Indian genset market with a 23.8% share, overtaking the long-standing market leader
Mahindra & Mahindra reports 13% rise in Q4 consolidated net profit
The total consolidated income of the company increased by 20.93% at Rs 43301.04 crore for Q4FY25
M&M’s Farm Equipment Sector reports 8.14% rise in April tractor sales
Exports rose 25 per cent to 1,538 units in April 2025 from 1,234 units in April 2024
M&M reports 19% rise in overall auto sales in April 2025
Domestic sales for commercial vehicles stood at 22,989 units
M&M to acquire 58.96% stake in SML Isuzu for Rs 555 crore
The transaction is expected to complete within 2025 in accordance with SEBI Takeover Regulations
Mahindra & Mahindra inaugurates new Mahindra India Design Studio
The expanded MIDS is not only a space for creation but also a magnet for talent
M&M incorporates wholly owned subsidiary
The company has incorporated Mahindra Advanced Technologies in Mumbai
M&M’s Farm Equipment Sector reports 34% rise in March tractor sales
Exports for the month stood at 2352 units
M&M reports 23% rise in overall auto sales in March 2025
The company closed the year with 551487 SUVs, the highest ever in its history, with a growth of 20% Year-on-Year
M&M to increase prices of SUV and CV range
The extent of the price increase will vary across different SUVs and commercial vehicles
M&M to acquire 57% stake in MBTICM
MBTICM became a direct subsidiary of the company
M&M launches XUV700 Ebony Limited Edition
Starting at Rs 19.64 lakh (ex-showroom), this exclusive variant is set to outshine the dark with its captivating dual black-and-silver aesthetic
M&M’s arm ceased to be subsidiary company
FGVL was engaged in the business of operating an automotive web for car and bike for retail sale
M&M reports 15% rise in overall auto sales in February
The company has posted 19% increase in domestic passenger vehicles sales at 50420 units in February 2025
M&M’s Farm Equipment Sector reports 18% rise in February tractor sales
Domestic sales in February 2025 were at 23880 units, as against 20121 units during February 2024, increasing by 19%
Mahindra Group ties up with Anduril Industries
The partners plan to jointly come up with advanced AI-enabled CUAS technologies and innovative Command and Control software
Mahindra & Mahindra reports 22% jump in Q3 consolidated net profit
Total consolidated income of the company increased by 16.96% at Rs 41881.38 crore for Q3FY25
M&M gets nod to incorporate Wholly Owned Subsidiary
The Board of Directors of the company at its meeting held on February 7, 2025 has approved the same
M&M reports 16% rise in overall auto sales in January
The company has posted 18% increase in domestic passenger vehicles sales at 50659 units in January 2025
M&M’s Farm Equipment Sector reports 15% rise in January tractor sales
Exports for the month stood at 1252 units
M&M commences sales of Veero CNG
The Veero CNG starting at Rs 8.99 lakh ex-Showroom for the base 1.4 XXL SD V2 CNG option
M&M unveils manufacturing & battery assembly facility to produce electric origin SUVs
With this new facility, Mahindra takes another major step toward shaping the future of mobility
M&M reports 16% rise in overall auto sales in December
The company has posted 18% increase in domestic passenger vehicles sales at 41,424 units in December 2024
M&M’s Farm Equipment Sector reports 20% rise in December tractor sales
Exports for the month stood at 924 units
M&M’s step-down arm incorporates wholly owned subsidiary
MSPL has incorporated wholly owned subsidiary by name Rhyme Hybren in Mumbai
Mahindra launches new CEV5 range of construction equipment at Bauma Conexpo
The new CEV5 range of Construction Equipment are set to redefine the standards in their respective categories
M&M’s step-down arm incorporates wholly owned subsidiary
MSPL has incorporated wholly owned subsidiary by name ‘Velos Hybren’ in Mumbai on December 9, 2024
M&M to hike prices of SUVs, commercial vehicles from January 2025
The adjustment is in response to the rising costs due to inflation and increased commodity prices
M&M reports 12% rise in overall auto sales in November
The company has posted 16% increase in domestic passenger vehicles sales at 46,222 units in November 2024
M&M’s Farm Equipment Sector reports 4% rise in November tractor sales
Domestic sales in November 2024 were at 31,746 units, as against 31,069 units during November 2023
M&M expands electric vehicle portfolio with introduction of two all-new models
The company unveiled two grounds up models -- BE 6e and XEV 9e -- with deliveries expected to commence in February-March next year
M&M introduces INGLO Electric Origin Architecture
With an ‘Electric Origin’ approach, INGLO is designed entirely around electric-first principles, creating a purpose-built platform for next-generation mobility
M&M earns 5-Star safety Bharat- NCAP Rating for Thar ROXX, XUV 3XO, XUV400
The XUV400 achieved an impressive 30.377/32 for AOP and 43/49 for COP
M&M reports 35% rise in consolidated net profit for Q2FY25
Total consolidated income of the company increased by 10.15% at Rs 38,582.96 crore for Q2FY25
M&M to introduce two electric brands
Both brands will launch their first flagship products - the XEV 9e and the BE 6e
M&M inaugurates two state-of-the-art development test facilities
These Labs are just 55 km away from the Mahindra Research Valley where all Mahindra SUVs are developed from scratch
M&M’s arm incorporates subsidiary in Thailand
MSEAL will be mainly engaged in the business of selling tractor, farm equipment & implements along with Spare part there off
M&M’s arm launches Mahindra ZEO
With the Mahindra ZEO, customers can save up to Rs 7 lakh in seven years, when compared with a diesel SCV
M&M’s Farm Equipment Sector reports 2.42% rise in September tractor sales
Exports for the month stood at 1055 units
M&M launches all-new Veero
Mahindra Veero sets a new industry standard with first-in-segment tech and features
Mahindra & Mahindra unveils Bolero Neo+
Competitively priced starting at Rs 11.39 lakh (Ex-Showroom), it caters to personal and commercial needs
M&M to acquire 26% stake in Gelos Solren
Upon completion of the aforesaid transaction, Gelos will continue to be a subsidiary of the Company
M&M to launch XUV 3XO on April 29
The new XUV 3XO will be manufactured at the company’s manufacturing facility in Nashik, Maharashtra
Mahindra & Mahindra’s arm inks multi-year contract with Airbus Atlantic
The company will supply close to 2300 varieties of metallic components to Airbus Atlantic in France from its manufacturing base in India
M&M’s total wholesales increase 4% in March
The company’s total dispatches to its dealers stood at 66,041 units in March 2023
M&M’s Farm Equipment Sector reports 26% fall in tractor sales in March
Domestic sales in March 2024 were at 24276 units, as against 33622 units during March 2023
M&M, ATEL ink MoU to establish electric vehicle charging infrastructure
With this association, electric vehicle XUV400 customers will now have access to more than 1,100 chargers
M&M reports 24% rise in overall auto sales in February
The exports of the company fell 32% to 1539 units in February 2024 as compared to 2250 units in February 2023
M&M’s Farm Equipment Sector reports 16% fall in tractor sales in February
Domestic sales in February 2024 were at 20,121 units, as against 24,619 units during February 2023
Mahindra & Mahindra launches Thar Earth Edition
The special edition is inspired by the infinite expanse of the Thar Desert and the ability of the Thar to allow one to explore it with ease
Mahindra & Mahindra launches new ‘Scorpio-N Z8 Select’ variant
The company continues to dominate the SUV market by providing a feature-rich, accessible, and versatile SUV that prioritises customer satisfaction and value
M&M launches new variants of Bolero MaXX Pik-Up range
This latest addition aims to offer enhanced comfort to customers through the inclusion of air conditioning
M&M signs supply agreement with Volkswagen
The supply agreement will run over several years
Mahindra & Mahindra reports marginal fall in Q3 consolidated net profit
Total consolidated income of the company increased by 15.81% at Rs 35809.91 crore for Q3FY24
M&M signs MoU with Embraer Defense & Security
Embraer and Mahindra will engage with the Indian Air Force to identify the next steps of the MTA program
M&M’s Farm Equipment Sector reports 17% fall in tractor sales in January
Domestic sales in January 2024 were at 22,972 units, as against 27,626 units during January 2023
M&M reports 15% growth in total auto sales in January
Passenger vehicles sales in January 2024 stood at 43,068 units, as against 33,040 units in January 2023, up 30 per cent
M&M introduces Supro Profit Truck Excel series
The Supro Profit Truck Excel series offers competitive pricing, with the Diesel variant priced at Rs 6.61 lakh (ex-showroom Delhi)
M&M’s arm expands strategic relationship with Airbus
Under the contract, MASPL will supply close to 5000 varieties of metallic components to Airbus in Germany from its manufacturing base in India
Mahindra & Mahindra launches 2024 XUV700
The 2024 XUV700 reflects the brand’s continuous commitment to elevating customer experience
M&M to invest up to Rs 630 crore in MEAL
The proceeds shall be utilized by MEAL to meet its fund requirement for business operations
Mahindra & Mahindra launches XUV400 Pro Range
The company has launched the XUV400 Pro Range, at an introductory price starting at Rs 15.49 lakh
M&M reports 6% growth in total auto sales in December
Passenger vehicles sales last month stood at 35,174 units, as against 28,445 units in December 2022, up 24 per cent
M&M’s Farm Equipment Sector reports 17.66% fall in tractor sales in December
Exports for the month stood at 1,110 units
Mahindra & Mahindra to hike prices of passenger, commercial vehicles from January 2024
The extent of the price increase will vary across different SUVs and commercial vehicles
M&M’s Farm Equipment Sector reports marginal rise in tractor sales in November
Domestic sales in November 2023 were at 31,069 units, as against 29,180 units during November 2022
M&M reports 21% rise in overall auto sales in November
Among passenger vehicles, domestic sales of utility vehicles were at 39,981 units in November 2023, as against 30,238 units in the year-ago period, a growth of 32%
Mahindra & Mahindra’ arm unveils first CNG mono fuel tractor at Agrovision Nagpur
The new Mahindra CNG tractor offers power and performance at par with diesel-run tractors, setting new benchmarks in alternative engine technology for agriculture
Mahindra & Mahindra reports 18% fall in Q2 consolidated net profit
Total consolidated income of the company increased by 16.25% at Rs 35027.23 crore for Q2FY24
M&M’s arm launches new Jeeto Strong
Mahindra also provides an unmatched 3 years or 72,000 km warranty showcasing its commitment to quality and durability
M&M’s Farm Equipment Sector reports marginal fall in tractor sales in October
Exports for the month stood at 1,124 units
M&M reports 32% rise in overall auto sales in October
The exports of the company fell 33% to 1854 units in October 2023 as compared to 2755 units in October 2022
Mahindra & Mahindra’s arm gets first tranche of Rs 300 crore from IFC
MLMML will accelerate the green transition of the automotive industry in support of India’s climate targets
Mahindra Group’s Swaraj Tractors invests Rs 200 crore to develop new range of tractors
The new tractor range is priced at Rs 6.9 lakh (42 HP) for the base variant and goes up to Rs 9.95 lakh for the 50 HP top-end model
M&M’s Farm Equipment Sector reports marginal rise in tractor sales in August
Domestic sales in August 2023 were at 20,647 units, as against 20,138 units during August 2022
M&M reports 19% rise in overall auto sales in August
The exports of the company fell 17% to 2423 units in August 2023 over 2912 units in August 2022
Mahindra & Mahindra partners with SARGA MotoCorp
As part of the partnership, Sarga MotoCorp has established a prominent flagship showroom spanning approximately 300 square meters on Nyerere Road
M&M offers proactive inspection of select XUV products
The inspection and subsequent rectification will be carried out free of cost for all customers, who will be individually contacted by the company
M&M gets Rs 14.3 lakh penalty notice for incorrect input tax credit claim by erstwhile arm
The order dated July 20, 2023 was received by the company on August 17, 2023
M&M eyeing to produce 2 lakh EVs from upcoming Chakan plant by 2029
The company estimates that EVs would account for 30 per cent of the overall volumes by 2030
M&M’s arm launches range of tractors ‘the Mahindra OJA’ at Futurescape event
Derived from the Sanskrit word ‘Ojas’, meaning Powerhouse of Energy, OJA is Mahindra’s most ambitious global lightweight tractor platform
M&M’s arm unveils audacious ‘Vision Thar.e’ in Cape Town
The Thar.e’s one-of-a-kind modular construction and adaptable components position it as a standout in the electric SUV field
M&M showcases new Global Pik Up concept at signature Futurescape event in Cape Town
The concept represents a well-considered approach to entering newer international markets while strengthening its presence in existing ones with a range of world-class products,
Mahindra & Mahindra expands XUV300 line-up with new variants
Mahindra has enhanced the W4 variant line with a sunroof, available on both petrol and diesel models
Mahindra & Mahindra reports 56% rise in Q1 consolidated net profit
Total consolidated income of the company increased by 21.20% at Rs 34,698.68 crore for Q1FY24
Temasek to invest Rs 1,200 crore in M&M’s passenger electric vehicles arm
With this investment, Mahindra’s EV subsidiary’s valuation goes up by 15% from up to Rs 70,070 crore to up to Rs 80,580 crore
M&M’s Farm Equipment Sector reports 8% rise in tractor sales in July
Exports for the month stood at 1,007 units
M&M acquires 3.53% stake in RBL Bank
The company has acquired stake for worth Rs 417 crore
Mahindra Group to help American companies to expand Global Manufacturing Footprint
The Mahindra Group will support interested companies in setting up their manufacturing base in India in a range of ways
US court allows M&M’s arm to keep producing, selling post-2020 version of ROXOR
Accordingly FCA’s motion to enjoin the Post-2020 ROXOR was denied
Mahindra & Mahindra inks MoU with NXP Semiconductors
M&M and NXP will jointly explore the electric and connected vehicle landscape, covering a wide range of vehicles
M&M reports 15% rise in overall auto sales in June
The company has posted 21 per cent increase in domestic passenger vehicles sales at 32,588 units in June 2023
M&M’s Farm Equipment Sector reports 6% rise in tractor sales in June
Domestic sales in June 2023 were at 43,364 units, as against 39,825 units during June 2022
M&M launches SUV XUV700 in Australia
The introduction of the XUV700 in Australia marks a significant step for the company
M&M incorporates new step-down subsidiary
Furies is a wholly owned subsidiary of Mahindra Susten (MSPL), which is a subsidiary of Mahindra Holdings, which in turn is a wholly owned subsidiary of the Company.
M&M incorporates step-down subsidiary
The company has incorporated new step-down subsidiary ‘Gelos Solren’ in Mumbai, Maharashtra on June 14, 2023
M&M’s division reports over two-fold rise in electric three-wheeler sales in FY23
In FY23, the company introduced its new three-wheeler EV, the Zor Grand, which contributed to an order book of more than 23,000 within a year of its launch
M&M launches Supro CNG Duo
It also comes with a five-litre petrol tank to take care of range anxiety issues
M&M looking at maintaining leadership position in fast growing SUV segment
The company also plans to ramp-up production capacity by the end of this year, as it looks to cut waiting periods on various models
Mahindra Group’s Swaraj Tractors launches new Compact Light Weight Tractor Range ‘Swaraj Target’
The new range from Swaraj is expected to set a new benchmark in the Compact Light Weight tractor category, for unmatched performance, first-in-class features, and state-of-the-art technology
M&M reports 14% rise in sales at 61,415 units in May
The company has reported a 22 per cent increase in passenger vehicle sales at 32,886 units in May 2023
M&M’s Farm Equipment Sector reports 4% fall in tractor sales in May
Exports for the month stood at 1,013 units
M&M revises upward capital expenditure outlay for FY22-24
Of the Rs 15,900 crore revised capex for FY22-FY24 cycle, an additional Rs 1,600 crore will go into the ICE vehicles
Mahindra & Mahindra reports 15% rise in Q4 consolidated net profit
Total consolidated income of the company increased by 25.31% at Rs 32849.56 crore for Q4FY23
M&M sells entire stake in Mahindra CIE Automotive
Following the sale, the company’s shareholding in CIE has become Nil
Mahindra & Mahindra logs 36% rise in auto sales during April
Its exports last month declined 33 per cent to 1,813 units
M&M’s Farm Equipment Sector reports 11% fall in total tractor sales during April
Exports for the month stood at 1,007 units
M&M to fully utilise production capacity of CVs in 2-3.5 tonne payload category
The company may also look at adding some additional capacity as per the market situation
Mahindra & Mahindra launches new Bolero MaXX Pik-Up range
All-New Bolero MaXX Pik-Up range has been engineered to offer powerful features and performance delivering an unprecedented value proposition to customers
Mahindra & Mahindra sells over 1 lakh Bolero SUVs in FY 2023
These records showcase Bolero’s flourishing popularity and demand in the market
M&M manufactures e-SUV ‘XUV400’ in water-positive Nashik facility
The water positive manufacturing set-up saves more than 20,000 kilolitres of water
M&M’s tractor division planning to bring 40 new models under OJA brand
The Mahindra OJA tractors will focus on both domestic and international markets including the US, Japan and South-East Asia
Mahindra & Mahindra crosses 1 lakh production mark of Thar
The model has achieved the production milestone in less than 2.5 years
M&M inks pact to acquire stake in Mahindra Aerospace
The shareholding of the company in MAPL would increase from 91.59% to 100% of the Equity Share Capital of MAPL
IFC to invest Rs 600 crore in M&M’s new last-mile mobility company
The Rs 600 crore investment will result in an ownership of between 9.97 per cent to 13.64 per cent for IFC in NewCo
M&M acquires balance 52.67% stake in MITRA
Consequently, MITRA has become a wholly owned subsidiary of the Company with effect from March 17, 2023
M&M sells entire stake held in Mahindra Consulting Engineers
With this, MCEL has ceased to be the subsidiary of the Company
M&M winds up business in Bangladesh
MBPL has been liquidated and has ceased to be in existence with effect from March 14, 2023
M&M sells 6% stake in Mahindra CIE Automotive
The sale has been executed on the stock exchanges, at a gross price of Rs 357.39 per share
M&M’s Farm Equipment Sector logs 30% growth in domestic tractor sales in February
Exports for the month stood at 1,172 units
M&M posts 8% growth in total vehicle sales in February
The company’s total dispatches to its dealers stood at 54,455 units in February 2022
M&M enters into asset transfer agreement with Mahindra Electric Automobile
Further, the company and British International Investment Plc had signed a share purchase agreement for an investment of Rs 1,925 crore in MEAL, which would take place in two or more tranches
M&M reports 20% rise in Q3 consolidated net profit
Total consolidated income of the company increased by 30.00% to Rs 30,920.11 crore for the quarter under review
M&M signs MoU with Telangana Government
The estimated investment for this proposed expansion is expected to be approximately Rs 1,000 crore to be made over a period of 8 years
Mahindra Electric Mobility merges with Mahindra & Mahindra
The merger process, which has been underway, received the final NCLT approval on January 13, 2023
M&M’s Farm Equipment Sector reports 31% growth in tractor sales during January
Total tractor sales (Domestic + Exports) during January 2023 were at 28,926 units
M&M gets Maharashtra government’s nod to set up electric vehicle plant in Pune
The company, through its subsidiary, will make investment of Rs 10,000-crore over a period of 7-8 years for setting up the manufacturing facility development and production of its upcoming BEVs
M&M’s XUV400 priced at Rs 15.99 lakh onwards
The introductory prices are applicable on the first 5,000 bookings for each of the two variants
M&M introduces all-new range of Thar
The new Thar range starts at an attractive price of Rs 9.99 lakh, making it accessible to a wider customer base of SUV buyers and to those who have always aspired to own this iconic SUV
Mahindra & Mahindra reports 27% jump in tractor sales in December
Domestic sales in December 2022 were at 21640 units, as against 16687 units during December 2021
M&M reports 61% rise in domestic passenger vehicle sales in December
Total Exports sales were at 3,100 units in December as compare to 3,017 units
M&M completes acquisition of balance 12.61% stake in MWTESL
Total acquisition cost is upto Rs 3.5 crore
M&M issues call option to MITRA’s shareholders to complete acquisition of MITRA
Consequently, MITRA would become a wholly owned subsidiary of the Company
M&M gets nod for investment of Rs 10,000 crore for Electric Vehicles
The company, through its subsidiary, will make investments of around Rs 10,000 crore over a period of 7-8 years for setting up the manufacturing facility
M&M secures 5-star rating in GNCAP’s new crash test protocols for Scorpio-N
The All-New Scorpio-N has achieved 5-star and 3-star rating for Adult and Child occupant safety respectively
M&M reports 56% rise in domestic passenger vehicle sales
Sales of cars and vans were higher at 154 units as compared to 74 units in the same month last year
M&M’s Farm Equipment Sector launches farm machinery plant in Pithampur
The Pithampur plant, along with its dedicated supplier park, is expected to eventually employ 1,100 people
Mahindra & Mahindra reports 21% rise in Q2 consolidated net profit
Total consolidated income of the company increased by 38.37% to Rs 30,076.98 crore for Q2FY23
M&M partners with Mutares for transforming Peugeot Motocycles
Mutares has submitted an irrevocable binding offer to acquire 50% of equity and a controlling stake of 80% in Peugeot Motocycles
M&M’s arm incorporates wholly owned subsidiary
Thus, ESPL being a wholly owned subsidiary of MHL, is also a step-down wholly owned subsidiary of the Company
Mahindra & Mahindra logs 11% jump in tractor sales in October
Exports for the month stood at 1455 units
M&M reports 60% rise in domestic passenger vehicle sales in October
Exports for the month were at 2,755 vehicles
M&M inks pact with CHARGE+ZONE
The two partners will explore installation, commissioning and maintenance of fast DC chargers at various locations
Mahindra & Mahindra incorporates wholly owned subsidiary
The company has incorporated wholly owned subsidiary company namely ‘Mahindra Electric Automobile’
M&M, Jio-bp enter into agreement to set up charging network for upcoming electric SUVs
Jio-bp and M&M will together drive electric passenger car adoption in India and help expedite the country’s net-zero emission goals
M&M’s Farm Equipment Sector reports 21% growth in tractor sales during September
Exports for the month stood at 1,613 units
M&M reports over 2-fold jump in domestic passenger vehicles in September
Exports for the month were at 2,538 vehicles
Mahindra & Mahindra acquires 17.41% stake in Swaraj Engines
Consequently, the shareholding and voting rights of the company in SEL have increased to 52.13%
Mahindra Group, British International Investment commit $500 million for electric SUV space
Impact investor British International Investment (BII) has already announced an investment of $250 million in the company’s electric vehicle venture ’EV Co’
M&M to acquire 17.41% stake in Swaraj Engines
Consequently, SEL which is currently an Associate of the Company would become a subsidiary of the Company
M&M’s arm to sell 30% stake in Mahindra Susten to 2OL
Consequent to the sale of stake by MHL in MSPL, MSPL would cease to be a wholly owned subsidiary of MHL
Mahindra & Mahindra collaborates with UCO Bank
This will enable the company to offer attractive financing options to its SUV customers
M&M lines up new products and investments
Five years from now, the company expects about 20-30 per cent of its Sports Utility Vehicles to be electric
M&M’s Swaraj Tractors rolls out 20th lakh tractor
This milestone is a testament to the customers’ trust and confidence in the brand Swaraj
M&M unveils fun and fast XUV400 electric SUV on eve of World EV Day
Deliveries of the XUV400 are scheduled to begin from end of January 2023
M&M’s arm sells entire stake in Merakisan
Accordingly the shareholding of MASL in MKPL has become ’Nil’
M&M’s arm to sell entire stake in Merakisan
Following the sale, MASL’s shareholding in MKPL would become Nil, and MKPL would cease to be a subsidiary of MASL and consequently that of the Company
M&M reports 87% increase in domestic passenger vehicles sales in August
Sales of cars and vans were at 336 units in the month under review, up from 187 units in the year-ago month
M&M’s arm launches cargo electric three-wheeler ‘Zor Grand’
The premium product from Mahindra is attractively priced starting at Rs 3.60 lakh, ex-showroom Bangalore
M&M’s arm incorporates subsidiary in Mumbai
Solarize holds 74% in Resurgence and the balance 26% is held directly by the company in Resurgence
M&M’s arm incorporates wholly owned subsidiary
Pursuant to the above, MHRHL has also become a subsidiary of the Company with effect from August 23, 2022
M&M reveals prices of new Scorpio Classic
The Scorpio brand has evolved over time to address the customer needs
M&M initiates talks with various state governments in India for setting up EV production site
The automaker will evaluate incentives offered by different state governments before finalizing the strategy for the production of these EVs
Mahindra & Mahindra inaugurates EV design studio in UK
M.A.D.E is located at the global automotive and EV hub of Banbury, Oxfordshire
M&M inks term sheet with Volkswagen Group to accelerate electrification of Indian automotive market
The term sheet covers all major commercial and technical terms along with a path to the potential localization of the battery system
M&M launches new Jeeto Plus CNG ‘CharSau’
New Jeeto Plus CNG CharSau has been developed to cater to the evolving last-mile connectivity and logistics needs of transporters
Mahindra & Mahindra launches Bolero ‘MaXX Pik-Up’
The company unveiled the brand with the launch of the Bolero MaXX PikUp City 3000 at an introductory price of Rs 7.68 lakh onwards
M&M reports consolidated net profit of Rs 2,361 crore in Q1
Total consolidated income of the company increased by 47.81% at Rs 28,628.39 crore for Q1FY23
M&M’s Farm Equipment Sector reports 15.85% fall in domestic sales in July
Exports for the month stood at 1,623 units
M&M unveils introductory prices for Automatic and 4WD variants of Scorpio-N
Bookings for the All-New Scorpio-N will open online and simultaneously at Mahindra dealerships from July 30, 2022
M&M inks agreement to acquire stake in Sampo Rosenlew Oy
Consequently, Sampo would become a wholly owned subsidiary of the company
M&M gets nod to incorporate subsidiary to undertake 4 Wheel Passenger Electric Vehicles Business
The Board of Directors of the Company at its meeting held on July 07, 2022 has approved the same
M&M’s Farm Equipment Sector registers 13% fall in India tractor sales during June
Domestic sales in June 2022 were at 39825 units, as against 46875 units during June 2021
M&M sells 54096 vehicles in June 2022
In the Commercial Vehicles segment, the company has sold 20431 vehicles in June 2022
Mahindra & Mahindra’s arm launches new Alfa CNG passenger, cargo three-wheeler variants
The Alfa passenger DX is priced at Rs 2,57,000
M&M’s Farm Equipment Sector registers 50% growth in domestic sales during May
Domestic sales in May 2022 were at 34153 units, as against 22843 units during May 2021
M&M to sell 2.76% stake in TVS Automobile Solutions
The sale is expected to be completed by June 22
M&M to incur capital expenditure of Rs 15,300 crore in auto, farm equipment, EV businesses
This is significantly higher than the capex done by the company in the recent past
M&M introduces New Bolero City Pik-Up in Maharashtra
The New Bolero City Pik-Up is available at an attractive price of of Rs. 7.97 Lakh (ex-showroom, Mumbai)
M&M eyeing to explore sourcing more components from other companies to boost EV portfolio: Report
Mahindra had over time focussed on developing EV components in-house