Tech Mahindra 's step-down subsidiary, Pininfarina S.p.A., has significantly boosted its stake in Italian stationery business Signature S.r.l, marking a strategic move to strengthen its presence in the consumer channel and enhance the Pininfarina brand.

Acquisition Details

On August 14, 2025, Pininfarina completed the acquisition of an additional 60% stake in Signature S.r.l, increasing its shareholding from 24% to 84%. The transaction, valued at EUR 134,375.00, was executed through cash consideration and comprised two components:

• EUR 1,875.00 for the subscription of additional shares in Signature
• EUR 132,500.00 for the acquisition of additional shares from existing shareholders

About Signature S.r.l

Signature S.r.l, incorporated on December 20, 2017, is an Italy-based company primarily operating in the stationery business. The company has shown steady growth over the past few years, with its turnover reaching EUR 2.90 million as of December 31, 2024. Signature's financial performance over the last three years demonstrates a positive trend:

Strategic Implications

This acquisition transforms Signature into a subsidiary of Pininfarina and a step-down subsidiary of Tech Mahindra. The move is aimed at:

1. Strengthening Pininfarina's presence in the consumer channel
2. Further enhancing the Pininfarina brand
3. Expanding Tech Mahindra's indirect presence in the retail and consumer sector

Transaction Classification

The acquisition has been classified as a related party transaction, conducted on an arm's length basis. It's worth noting that while Pininfarina is an associate company of Tech Mahindra's promoter, the promoter company does not hold any direct interest in this transaction beyond their shareholding in Pininfarina.

Regulatory Compliance

Tech Mahindra has duly informed the BSE Limited and the National Stock Exchange of India Ltd about this acquisition, in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This strategic move by Tech Mahindra, through Pininfarina, underscores the company's commitment to expanding its footprint in the consumer sector and leveraging brand synergies. As the integration process unfolds, it will be interesting to observe how this acquisition contributes to Tech Mahindra's overall growth strategy in the coming years.

Tech Mahindra , a leading Indian automaker, is gearing up to expand its electric vehicle (EV) presence both domestically and internationally. The company has unveiled ambitious plans to export EVs to the United Kingdom, leveraging the recently finalized India-UK free trade agreement.

Export Plans and EV Sales Target

Anish Shah, Group CEO of Tech Mahindra, announced the company's intention to tap into the UK market for EV exports. This strategic move aligns with Tech Mahindra's broader goal of increasing its EV sales. Shah stated that the company aims for electric vehicles to constitute 30% of its overall sales by 2030, highlighting Tech Mahindra's commitment to the growing EV sector.

Design Center in the UK

Tech Mahindra's expansion plans are bolstered by its existing presence in the UK. The company operates the Mahindra Advanced Design Europe facility in Banbury, Oxfordshire. This center serves as a crucial design hub for Tech Mahindra's electric products, potentially playing a significant role in tailoring vehicles for the UK market.

Welcoming Competition

Despite the potential entry of global EV players like Tesla and Vinfast into the Indian market, Shah expressed optimism. He drew parallels to Tech Mahindra's past experiences of successful competition with established automakers such as Ford, Hyundai, and Kia. This confidence suggests Tech Mahindra's readiness to maintain its market position in a more competitive landscape.

Growing Market Share

Tech Mahindra has demonstrated strong performance in the SUV market. The company's market share in this segment has seen substantial growth, increasing from 11.00% to 27.00% over time. Notably, Tech Mahindra achieved a significant 5.70 percentage point growth in market share during the most recent quarter, indicating strong consumer demand for its products.

India as a Global Manufacturing Hub

The company sees great potential in India's role as a global automobile manufacturing hub. In line with this vision, Tech Mahindra plans to expand its product range across both domestic and international markets, potentially positioning itself as a key player in the global automotive industry.

Addressing Supply Chain Challenges

Shah acknowledged the ongoing challenges in the EV sector, particularly the shortage of rare earth magnets. He mentioned that Tech Mahindra is actively working on alternatives to address this supply chain issue, which is crucial for sustaining the growth of their EV production.

As Tech Mahindra sets its sights on international markets and ambitious EV targets, the company appears poised for significant expansion in the evolving automotive landscape. The success of these initiatives could have far-reaching implications for both Tech Mahindra and India's position in the global EV market.