Mahindra & Mahindra Limited has secured its largest ever export order, announcing a landmark contract to supply 35,000 units of Scorpio Pik Up vehicles to Indonesia in 2026. The order, placed by Agrinas Pangan Nusantara, an Indonesian state-owned enterprise, represents a significant milestone for the company's international operations and will support Indonesia's national food security transformation.

Record-Breaking Export Contract

The export order details highlight the scale and strategic importance of this partnership:

This order surpasses Mahindra's total export volumes achieved in FY25, marking a substantial boost to the company's International Operations division.

Strategic Partnership for Rural Development

The Scorpio Pik Up vehicles will be deployed under the Koperasi Desa/Kelurahan Merah Putih (KDKMP) Project, supporting Indonesia's cooperative system. The partnership between Mahindra and Agrinas Pangan Nusantara aims to equip Koperasi (Cooperatives) with robust, reliable vehicles to ensure effective logistics operations.

The vehicles will serve multiple functions within the cooperative ecosystem:

• First-mile aggregation: Transporting produce from farms to cooperatives
• Intra-village logistics: Facilitating efficient movement of goods within cooperative networks
• Market connectivity: Bridging the gap between producers and consumers
• Rural commerce enablement: Supporting village-level economic activities

Leadership Commentary

Nalinikanth Gollagunta, CEO of Automotive Division at Mahindra & Mahindra Ltd., emphasized the strategic significance of this partnership. He highlighted that the Scorpio Pik Ups are engineered to perform in tough conditions while maintaining minimal operating costs, making them ideal for the cooperative requirements.

The CEO noted that the volume committed for this partnership will significantly boost International Operations, adding as much as the company's total export volumes achieved in FY25. He described the collaboration as reflecting Mahindra's Rise philosophy and commitment to enabling prosperity while supporting national priorities.

Vehicle Specifications and Applications

The Scorpio Pik Ups, manufactured at Mahindra's Nashik Plant, are globally recognized for their durability, payload capacity, and low operating costs. These vehicles are specifically tailored to meet the demanding operating requirements of the Koperasi system, designed to handle challenging terrain from rough rural roads to farm tracks.

The deployment of these vehicles will strengthen Indonesia's cooperative logistics backbone, enabling more efficient connection between farmers and markets while supporting the country's broader food security transformation goals.

Mahindra & Mahindra Ltd. executed a notable block trade on the National Stock Exchange (NSE), with the transaction involving approximately 62,642 shares at a price of Rs. 3602.30 per share, resulting in a total deal value of Rs. 22.57 crores.

Block Trade Details

The block trade represents a significant institutional transaction in the automotive manufacturer's shares. Block trades typically involve large volumes of shares traded between institutional investors or high net worth individuals, often executed outside the regular market to minimize price impact.

Market Significance

Block trades of this magnitude often indicate institutional interest or portfolio rebalancing activities by large investors. The execution at Rs. 3602.30 per share reflects the prevailing market conditions and investor sentiment towards the automotive sector.

Such transactions are typically pre-negotiated between parties and executed as single large orders, allowing for efficient transfer of substantial shareholdings without causing significant market disruption through the regular trading mechanism.