Mahindra & Mahindra Executive Flags Gap Between Price Increases and Steel Price Inflation, Q2 Impact Anticipated
A Mahindra & Mahindra executive has flagged that the company's price increases have not kept pace with steel price inflation. The shortfall is expected to have a financial impact in the second quarter. This highlights ongoing input cost pressures facing the automaker, with steel identified as a key variable driving the cost-price mismatch.
30Jul 26
Mahindra Latest Results: H2 Not Expected To Outperform H1
Mahindra & Mahindra's executive has described the current market as 'extraordinary' while cautioning that the second half will not outperform the first half. The management anticipates that demand will eventually decrease from its current elevated levels, signalling an expectation of normalising market conditions ahead.
30Jul 26
M&M Plans to Scale Monthly Auto Production to 82,000 Units by H2 FY27, Eyes Doubled Capacity by FY31
Mahindra & Mahindra has outlined a multi-phase automotive production expansion plan targeting 82,000 monthly units by H2 FY27, comprising 70,000 SUV ICE and 12,000 BEV units. Capacity additions at Chakan are set to push output to 92,000 units per month by end-FY28, while a new greenfield plant in Nagpur will anchor the company's goal to double total production capacity between FY26 and FY31.
30Jul 26
Mahindra & Mahindra Executive Says Company Can Push EV Sales Higher Amid Rising Demand
A Mahindra & Mahindra executive has stated that the company has the capacity to further increase its electric vehicle sales, citing rising demand as the key enabler. The remarks reflect confidence in the company's ability to scale its EV business beyond current levels. No specific financial figures or sales data were included in the source material. The statement highlights the company's focus on the EV segment as a meaningful growth opportunity.
30Jul 26
Mahindra & Mahindra Q1 Results: Net Profit Up to ₹36.8B Rupees YoY
Mahindra & Mahindra reported Q1 net profit of 36.8B rupees, up from 34.5B rupees YoY and ahead of the 35.75B rupees estimate. Revenue surged to 419.2B rupees from 340.8B rupees YoY, beating the 417.6B rupees estimate. EBITDA rose to 51.5B rupees from 47.95B rupees YoY but missed the 52.8B rupees estimate, while EBITDA margin contracted to 12.3% from 14.07% YoY.
Mahindra & Mahindra Records ₹48.17 Crore Block Trade on NSE at ₹3273.10 Per Share
Mahindra & Mahindra recorded a block trade on the NSE involving approximately 147,179 shares at a price of ₹3273.10 per share. The total value of the transaction stood at ₹48.17 crores. Block trades of this magnitude are typically associated with institutional investor activity and are executed outside the regular market order book to limit price disruption.
27Jul 26
Mahindra & Mahindra Records Rs. 15.82 Crore Block Trade on NSE at Rs. 3220.00 Per Share
Mahindra & Mahindra recorded a block trade on the NSE involving approximately 49,123 shares at Rs. 3220.00 per share. The total transaction value amounted to Rs. 15.82 crores. Block trades of this scale are typically associated with institutional investors transacting through a dedicated exchange window.
14Jul 26
Mahindra & Mahindra Records ₹33.86 Crore Block Trade on NSE at ₹3105.80 Per Share
Mahindra & Mahindra recorded a block trade on the National Stock Exchange involving approximately 109,013 shares at ₹3105.80 per share, aggregating to a total deal value of ₹33.86 crores. Such large-volume transactions are typically executed between institutional investors outside the regular trading mechanism to minimise market impact.
Mahindra & Mahindra Records ₹34.90 Crore Block Trade on NSE at ₹3102.00 Per Share
Mahindra & Mahindra recorded a block trade on the NSE involving approximately 1,12,511 shares at ₹3102.00 per share, aggregating to a total value of ₹34.90 crores. Block trades are large-volume transactions executed through a dedicated exchange window, typically by institutional participants, to limit market price disruption. This transaction highlights significant activity in the Mahindra & Mahindra counter on the NSE.
30Jun 26
HSBC Assigns Buy Rating on Mahindra & Mahindra with Target Price of ₹4,200
HSBC has assigned a Buy rating on Mahindra & Mahindra with a target price of ₹4,200, driven by a near-term surge in four-wheeler EV adoption linked to fuel price concerns. Medium-term EV penetration is expected to remain in the mid-teens. OEM margins are projected to stay healthy in FY27–28, supported by PLI incentives, before moderating in FY29.
Mahindra & Mahindra Records ₹33.86 Crore NSE Block Trade at ₹3070.00
Mahindra & Mahindra recorded a block trade on the NSE worth ₹33.86 crores, with approximately 110,309 shares changing hands at ₹3070.00 per share. Such block deals, executed outside the open market by institutional investors, are closely tracked as indicators of large-scale participant positioning in prominent counters.
Nomura Maintains Buy on Mahindra & Mahindra with Target Price of ₹4,580, Cites Strong SUV and EV Growth Outlook
Nomura has maintained a Buy rating on Mahindra & Mahindra with a target price of ₹4,580, supported by mid-to-high teens SUV volume growth expectations. The brokerage highlights capacity expansion from 64.5k to 82k units per month by March 2027, the launch of the NU-IQ platform, and a pipeline of 10 ICE and 6 BEV models by FY31. The upcoming Nagpur plant, with 500k SUV and 100k tractor capacity, is expected to commence operations from 2028, reinforcing the long-term growth outlook.
Mahindra & Mahindra Records ₹50.60 Crores Block Trade on NSE at ₹3110.60 Per Share
Mahindra & Mahindra witnessed a notable block trade on the NSE involving approximately 1,62,660 shares at ₹3110.60 per share, aggregating to ₹50.60 crores. Such large-volume transactions are typically associated with institutional investors and are reported separately to ensure market transparency.
Mahindra & Mahindra Records ₹23.72 Crores Block Trade on NSE at ₹3283.00 Per Share
Mahindra & Mahindra recorded a block trade on the NSE involving approximately 72,240 shares at ₹3283.00 per share, aggregating to a total transaction value of ₹23.72 crores. Block trades of this scale are generally associated with large institutional or high-net-worth participants and are executed outside the regular market order book to limit price impact.
06May 26
Goldman Sachs, CLSA, Jefferies, and Nomura Maintain Bullish Ratings on Mahindra & Mahindra with Target Prices Up to ₹4580
Goldman Sachs, CLSA, Jefferies, and Nomura have all maintained positive ratings on Mahindra & Mahindra, with target prices ranging from ₹4000 to ₹4580. Key positives include a Q4 earnings beat, UV market share of 25.30% (+260 bps YoY), 16 consecutive quarters of double-digit EBITDA growth, and improved EV profitability aided by revised CAFÉ norms. Near-term concerns centre on tractor segment weakness, raw material inflation, and monsoon-related risks, which have led to modest EPS cuts at some brokerages. Long-term EBITDA and earnings growth projections over FY26–28 remain constructive across all four brokerages.
Mahindra Exec Confirms 68,000 Units Operational Capacity Addition by End of FY27
A Mahindra & Mahindra executive has confirmed plans to add 68,000 units of operational capacity by the end of FY27, alongside 14,000 units dedicated to FY28 product launches. The dual-target strategy highlights the company's structured approach to scaling manufacturing infrastructure in alignment with its upcoming product cycle.
06May 26
M&M Sets Mid-to-High Teen Growth Aspiration for SUV Segment in FY27
Mahindra & Mahindra has announced a mid-to-high teen growth aspiration for its SUV segment in FY27. The guidance highlights the company's strategic focus on strengthening its position in India's competitive SUV market. No further financial metrics or operational details were disclosed alongside this outlook.
Mahindra & Mahindra Patent Portfolio Expands 20-Fold to 1334 Patents Over Decade
Mahindra & Mahindra has achieved exceptional growth in its patent portfolio, expanding from 56 granted patents to 1334 patents over a 10-year period. This 20-fold increase demonstrates the company's significant investment in research and development activities and strengthens its position as an innovation-focused automotive manufacturer.
23Apr 26
Mahindra & Mahindra Sees Rs. 21.60 Crore Block Trade on NSE
Mahindra & Mahindra Ltd. recorded a major block trade on NSE worth Rs. 21.60 crores involving approximately 70,410 shares at Rs. 3067.90 per share. The transaction represents significant institutional investor activity and demonstrates continued market interest in the automotive major's stock.
Mahindra & Mahindra Ltd. completed a significant block trade on NSE involving 110,209 shares at Rs. 3201.40 per share, totaling Rs. 35.28 crores. The transaction represents substantial institutional activity and demonstrates continued investor interest in the automotive manufacturer's equity.
21Apr 26
Nomura Maintains Buy Rating on Mahindra & Mahindra with ₹4,662 Target Price
Nomura maintains a Buy rating on Mahindra & Mahindra with ₹4,662 target price, citing sustained SML growth despite margin pressures. The company targets 10-12% medium-term market share through product expansion, new AC bus and ambulance launches, ICV segment entry, and planned EV rollout with e-bus launch in FY27E, supported by anticipated FY27 price hikes.
17Apr 26
Morgan Stanley Maintains Overweight Rating on Mahindra & Mahindra, Cuts Target Price to ₹3,919
Morgan Stanley has maintained its Overweight rating on Mahindra & Mahindra Limited while reducing the target price from ₹4,358 to ₹3,919. The revision reflects concerns about near-term margin pressure from cost inflation, supply-chain risks, and tighter regulations expected in 1QFY27. However, the brokerage remains optimistic about long-term prospects, citing conviction in volume upcycle and gradual cost pass-through mechanisms that support a positive industry outlook.
Mahindra & Mahindra Ltd. completed a significant block trade on NSE worth Rs. 29.52 crores, involving 92,024 shares at Rs. 3207.60 per share. The transaction represents substantial institutional activity in the automotive sector, demonstrating continued investor interest in the leading automotive and farm equipment manufacturer.
CLSA Maintains Outperform Rating on Mahindra & Mahindra Despite Target Price Cut to Rs 4448
CLSA has revised Mahindra & Mahindra's target price to Rs 4448 from Rs 4702 while maintaining its Outperform rating. The brokerage cut FY27/28 EPS estimates by 5-6%, within broader OEM sector cuts of 3-13%, reflecting near-term earnings moderation. Despite the downward revision, CLSA maintains a positive stance on the stock, indicating confidence in long-term prospects.
18Mar 26
Nomura Maintains Buy Rating on Mahindra & Mahindra with Target Price of Rs 4,662
Nomura has maintained its Buy rating on Mahindra & Mahindra with a target price of Rs 4,662, driven by strong FY26 YTD growth of 19% in passenger vehicles, 17% in light commercial vehicles, and 23% in tractors. The brokerage highlighted manageable commodity pressures and positive developments in the EV business, which has achieved EBITDA-positive status with expected PLI benefits from FY27 and volume doubling supporting EBIT breakeven.