Mahindra & Mahindra Limited has announced a significant strategic partnership through its listed subsidiary, Mahindra Lifespace Developers Limited (MLDL), which executed joint venture agreements with Mitsui Fudosan (Asia) Pte. Limited on February 9, 2026. The partnership involves the transfer of equity stake in MLDL's subsidiary for residential real estate development in Bengaluru.

Joint Venture Structure and Shareholding

Under the executed Shareholders Agreement and Investment Agreement, MLDL will transfer 49% equity stake in Mahindra Blossom Developers Limited (MBLDL) to Mitsui Fudosan (Asia) Pte. Limited (MFA). This transaction will result in MBLDL ceasing to be a wholly-owned subsidiary of MLDL, though it will continue as a subsidiary and remain a step-down subsidiary of Mahindra & Mahindra Limited.

Project Details and Asset Transfer

The joint venture centers around the development of the 'Alembic Undertaking', a residential real estate development project in Bengaluru. MLDL will transfer this undertaking, including all relevant assets and liabilities, to MBLDL as a going concern on a slump sale basis. The value of consideration, including relevant assets after deducting liabilities, aggregates to a net amount not exceeding Rs. 100 crores.

Financial Structure and Rights Issue

MBLDL will undertake a substantial rights issue to fund the project development. The company will issue 23,03,00,000 equity shares with a face value of Rs. 10 each, aggregating to Rs. 230,30,00,000. Both partners will subscribe to this rights issue maintaining their ownership ratio:

Corporate Governance and Board Composition

The joint venture agreement establishes a structured governance framework for MBLDL. The board composition will reflect the ownership structure, with MLDL having the right to nominate up to three directors, while MFA can nominate two directors. Additionally, an Independent Director or other director may be appointed as required under applicable laws and transaction documents.

Regulatory Compliance and Approvals

The transaction documents are subject to receipt of all necessary approvals, including shareholders' approval as required under applicable laws. The agreements comply with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and related provisions. The Business Transfer Agreement and Conveyance Deed are expected to be executed before March 31, 2026, or as mutually agreed between the parties.

Strategic Partnership Background

Mitsui Fudosan (Asia) Pte. Limited represents one of Japan's largest real estate developers with global presence. The partnership aims to provide operational flexibility, efficient management, sharp execution focus, and better monitoring of the residential project. This collaboration leverages MFA's international expertise in real estate development while maintaining MLDL's local market knowledge and project management capabilities.

Mahindra & Mahindra has officially announced plans to establish its largest integrated manufacturing facility for automobiles and tractors in Nagpur, Maharashtra, marking a significant milestone in the company's long-term growth strategy. The announcement was made at Advantage Vidarbha, a three-day flagship event positioning Vidarbha as an emerging industrial growth hub on India's manufacturing map.

Investment and Infrastructure Details

The state-of-the-art facility represents a comprehensive investment of ₹15,000 crore over a 10-year period in Maharashtra. The manufacturing complex will be developed across an extensive 1500-acre site in Vidarbha, complemented by a 150-acre supplier park in Sambhajinagar.

Production Capabilities and Technology

Once fully operational, the facility will have an annual production capacity of over 5 lakh vehicles and 1 lakh tractors, making it Mahindra's largest integrated manufacturing footprint in the country. The automotive facility will support Mahindra Auto's next-generation platforms, including the NU_IQ architecture, and will be capable of manufacturing vehicles across multiple powertrains—ICE, EV and future technologies—for both domestic and global markets.

The facility will feature advanced automation and digital manufacturing systems, reflecting Mahindra's focus on innovation, quality and sustainability. The tractor manufacturing unit will further reinforce Mahindra's leadership in the farm equipment sector, catering to growing domestic demand and key export markets.

Strategic Advantages and Supply Chain

The Vidarbha region offers strong strategic advantages, including excellent road connectivity via the Samruddhi Expressway, robust rail links, easy access to key domestic and export markets, and a rapidly evolving industrial ecosystem. The supplier park at Sambhajinagar will strengthen the manufacturing value chain through closer partner collaboration, improved logistics efficiency, and enhanced localisation. It will supply components to the new Nagpur facility as well as Mahindra's existing ones at Chakan and Nashik.

Timeline and Future Expansion

Operations at the new Maharashtra facility are scheduled to begin in 2028, providing a clear timeline for the project's implementation. Additionally, Mahindra will acquire land in the Igatpuri-Nashik region to expand current product and engine capacities, as well as to support the growth of its Advanced Technology business.

According to Rajesh Jejurikar, Executive Director & CEO, Auto and Farm Sector, Mahindra & Mahindra Ltd., "This facility represents a bold step forward in Mahindra's manufacturing journey. Designed to support our next generation of vehicles and tractors, it brings together scale, flexibility and advanced technology within one integrated footprint."