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.

Tech Mahindra , a leading Indian IT services and consulting company, has made several significant announcements that underscore its strategic moves, commitment to sustainability, and shareholder services.

Special Window for Re-lodgement of Physical Share Transfer Requests

Tech Mahindra has announced a special six-month window from July 7, 2025 to January 6, 2026 for shareholders to re-lodge transfer requests for physical shares. This facility applies specifically to transfer deeds that were lodged before April 1, 2019 and were previously rejected, returned, or not processed due to document deficiencies. Shares that are re-lodged during this period will be issued in demat mode only through a transfer-cum-demat process.

The company encourages shareholders who missed the earlier March 31, 2021 deadline to utilize this opportunity by submitting necessary documents to the registrar MUFG Intime India Private Limited. It's important to note that transfer requests submitted after January 6, 2026 will not be accepted unless SEBI grants an extension.

Guarantee Issuance for Pininfarina

Tech Mahindra has issued a guarantee on behalf of its step-down subsidiary, Pininfarina S.p.A., Italy, for a sum not exceeding €67.67 million. This guarantee supports a supply agreement between Pininfarina and Rolls-Royce Motor Cars Limited.

The transaction, approved by Tech Mahindra's Audit Committee, is classified as a related party transaction conducted on an arm's length basis in the ordinary course of business. While the guaranteed obligations will be treated as a contingent liability for Tech Mahindra, the company states that there is currently no impact from this guarantee.

Key details of the guarantee include:

ESG Rating Assignment

In a separate development, Tech Mahindra has received an ESG (Environmental, Social, and Governance) rating from ESG Risk Assessments and Insights Limited (ESGRisk.ai), a SEBI registered Category I Subscriber-Pays ESG Rating Provider. The company has been assigned an 'ESG rating 74'.

It's important to note that Tech Mahindra did not engage ESGRisk.ai for this rating. The assessment was independently prepared and voluntarily issued by ESGRisk.ai, based on Tech Mahindra's disclosures for fiscal 2025 and other publicly available data.

The ESG rating communication was received by Tech Mahindra on August 4, 2025, reflecting the company's performance in environmental, social, and governance aspects.

These developments highlight Tech Mahindra's ongoing efforts to support its subsidiaries' business operations, maintain transparency in its ESG practices, and provide improved services to its shareholders. The guarantee issuance demonstrates the company's commitment to facilitating strategic partnerships, while the ESG rating provides stakeholders with an independent assessment of the company's sustainability and governance practices. The special window for share transfer re-lodgement showcases the company's dedication to addressing shareholder needs and complying with regulatory requirements.