M&M Subsidiary Sells Remaining 3.58% Stake in CIE Automotive

Mahindra & Mahindra has disclosed that its wholly owned subsidiary, Mahindra Overseas Investment Company (Mauritius) Limited (MOICML), has completed the sale of its remaining stake in CIE Automotive S.A., a Spain-based automotive company. The transaction was intimated to stock exchanges on 14th May 2026 under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Stake Sale Details

The divestment marks the conclusion of MOICML's shareholding in CIE Automotive S.A. The key parameters of the transaction are outlined below:

Parameter	Details
Subsidiary Involved	Mahindra Overseas Investment Company (Mauritius) Limited (MOICML)
Target Company	CIE Automotive S.A. (CIE Spain)
Stake Divested	3.58% of outstanding shares
Total Consideration	Approximately EUR 126 million
Post-Transaction Holding	Nil
Disclosure Date	14th May 2026
Regulatory Reference	Regulation 30, SEBI LODR Regulations

Impact on Associate Status

Following the completion of this transaction, MOICML's holding in CIE Automotive S.A. will become nil. Consequently, CIE Automotive S.A. will cease to be an associate of MOICML. This divestment is in furtherance of a prior communication dated 4th December 2025, indicating that the exit from CIE Automotive S.A. has been executed in a phased manner.

Regulatory Compliance

The disclosure was made in compliance with the applicable provisions of the SEBI LODR Regulations. The intimation has also been uploaded on Mahindra & Mahindra's official website. The communication was signed by Sailesh Kumar Daga, Company Secretary (FCS: 4164), on behalf of Mahindra & Mahindra Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.60%	-7.35%	-3.02%	-15.56%	+0.69%	+321.19%

Mahindra & Mahindra has submitted its monthly production, sales, and export figures for April 2026 to the stock exchanges as part of its regulatory disclosure obligations. The data, filed on 9th May 2026 by Company Secretary Sailesh Kumar Daga, covers performance across utility vehicles, vans, electric rickshaws, electric carts, three-wheelers, and commercial vehicles. The company has noted that the figures have not been independently verified or audited, and final figures after audit may vary.

Overall Performance: April 2026 vs April 2025

Mahindra & Mahindra's aggregate numbers reflect broad-based growth across production, sales, and exports when comparing April 2026 with April 2025. The following table summarises the headline figures:

Metric:	Apr-25	Apr-26
Total Production (Units):	87,683	95,276
Total Sales (Units):	82,281	92,631
Total Exports (Units):	3,401	5,007

Utility Vehicle Segment Performance

The utility vehicle segment remained the largest contributor to overall volumes. Key model-wise highlights for April 2026 are presented below:

Model:	Fuel Type:	Production Apr-25	Production Apr-26	Sales Apr-25	Sales Apr-26	Export Apr-25	Export Apr-26
Thar + Thar Roxx	Diesel	9,280	9,234	10,040	9,492	0	0
Thar + Thar Roxx	Petrol	864	945	663	967	0	0
KUV100	Diesel	0	0	0	0	0	0
KUV100	Petrol	153	6	0	0	28	0
XUV3XO and XUV400	Diesel and Electric	2,733	1,390	2,561	1,575	0	0
XUV3XO	Petrol	7,366	7,297	5,344	6,008	628	1,289
XUV300	Diesel	0	0	0	0	0	0
XUV300	Petrol	0	0	0	0	140	0
Bolero	Diesel	9,608	8,631	8,380	8,917	29	0
Marazzo	Diesel	0	0	6	0	0	0
Scorpio	Diesel	14,080	13,681	14,973	13,963	9	213
Scorpio	Petrol	520	605	561	756	0	0
XUV700	Diesel	4,627	0	5,296	0	0	0
XUV700	Petrol	2,812	0	1,515	1	1,696	0
XUV7XO	Diesel	0	6,642	0	6,756	0	0
XUV7XO	Petrol	0	1,758	0	1,873	0	0
Electric Origin SUV*	Electric	3,524	5,594	2,991	6,023	0	0

UV Sales includes sales made by subsidiary company Mahindra Electric Automobile Limited.

A notable development within the utility vehicle segment is the transition from the XUV700 to the XUV7XO nameplate. The XUV700 recorded zero production and negligible sales in April 2026, while the XUV7XO posted production of 8,400 units (diesel: 6,642; petrol: 1,758) and sales of 8,629 units (diesel: 6,756; petrol: 1,873). The Electric Origin SUV saw production rise to 5,594 units from 3,524 units, with sales climbing to 6,023 units from 2,991 units. The XUV3XO (petrol) recorded exports of 1,289 units in April 2026, up from 628 units in April 2025.

Three-Wheeler, E-Rickshaw, and Last-Mile Mobility Segment

The three-wheeler and last-mile mobility categories also reported notable movements in April 2026. The Udo electric three-wheeler (passenger) entered the data with production of 3,500 units and sales of 3,527 units in April 2026, having recorded no volumes in April 2025. The Treo (3W-Pass, Electric) saw production increase to 4,357 units from 3,962 units, with sales rising to 4,917 units from 4,213 units.

Model:	Category:	Fuel Type:	Production Apr-25	Production Apr-26	Sales Apr-25	Sales Apr-26
e-Alfa Mini	E-Rickshaw	Electric	160	0	301	281
Treo Yaari	E-Rickshaw	Electric	65	0	56	20
Treo Yaari	E-Cart	Electric	0	0	0	9
e-Alfa Cargo	E-Cart	Electric	0	2	31	28
Alfa	3W-Pass	Diesel	26	120	29	80
Alfa	3W-Pass	CNG	190	118	149	100
Treo	3W-Pass	Electric	3,962	4,357	4,213	4,917
Udo	3W-Pass	Electric	0	3,500	0	3,527
Alfa	3W-Goods	Diesel	26	219	6	169
Treo	3W-Goods	Electric	100	56	68	46
Alfa	3W-Goods	CNG	318	182	214	199
Zor Grand	3W-Goods	Electric	390	692	403	523

Above sales include sales made by subsidiary company Mahindra Last Mile Mobility Limited.

Commercial Vehicles

The commercial vehicles segment, which includes sales made by subsidiary companies Mahindra Last Mile Mobility Limited and SML Mahindra Limited (formerly SML Isuzu Limited), reported production of 30,197 units in April 2026 compared to 26,879 units in April 2025. Sales in this segment stood at 26,401 units versus 24,481 units, while exports rose sharply to 3,492 units from 799 units in the year-ago period.

Metric:	Apr-25	Apr-26
Production (Units):	26,879	30,197
Sales (Units):	24,481	26,401
Exports (Units):	799	3,492

The Vans category also recorded activity, with the Maxximo (Diesel) posting production of 50 units and exports of 1 unit in April 2026, compared to zero across all metrics in April 2025. The company's disclosure was addressed to the National Stock Exchange of India Limited and BSE Limited, and was also copied to the Luxembourg Stock Exchange and London Stock Exchange Plc.