Latest news about Mahindra & Mahindra
Mahindra & Mahindra
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More news about Mahindra & Mahindra
04Nov 25
Mahindra & Mahindra Raises Tractor Growth Guidance, Reports Strong Market Leadership
Mahindra & Mahindra (M&M) announced robust Q2 results with significant market share gains across segments. The company revised its full-year tractor growth guidance to low double digits. M&M's SUV revenue market share increased by 390 basis points to 25.70%. The company maintained leadership in LCVs under 3.5 tons with a 53.20% market share and in electric 3-wheelers with 42.30%. Tractor market share rose to 43.00%. Consolidated revenue grew 22% to Rs. 46,106.00 cr, while PAT increased 28% to Rs. 3,673.00 cr. The company confirmed no risk from rare earth shortage for the current fiscal year.
04Nov 25
Mahindra & Mahindra Reports 15.8% Profit Growth in Q2 FY26
Mahindra & Mahindra Limited (M&M) reported strong Q2 FY26 results with consolidated profit after tax (PAT) rising 15.8% year-on-year to Rs 3,673.32 crore. Revenue from operations grew 21.7% to Rs 45,885.40 crore. Standalone performance was even stronger, with net profit surging 17.7% to Rs 4,520.52 crore and revenue increasing 21.3% to Rs 33,421.60 crore. The results demonstrate robust growth across both automotive and farm equipment segments.
03Nov 25
M&M Q2 Results Preview: Revenue Growth Expected Despite Margin Pressure
Mahindra & Mahindra is set to announce its Q2 results. Analysts project a 17.2% YoY revenue growth to Rs 33,886 crore, driven by strong demand for passenger vehicles and recovering tractor sales. Net profit is expected to rise by 5.6% to Rs 3,979 crore. However, operating income may decline by 8.7% to Rs 4,811 crore, with margins potentially dropping by 4 percentage points to 14.20%. Challenges include increased discounts, weaker product mix, rising input costs, and pressure from EV segment growth.
03Nov 25
Mahindra & Mahindra Shares Surge 3% on Record October Sales
Mahindra & Mahindra's shares rose 3% to Rs 3,590.00 following announcement of record-breaking October sales. Total vehicle sales, including exports, reached 120,142 units, a 26% year-on-year increase. Domestic SUV sales hit an all-time high of 71,624 units, up 31%. Commercial vehicle sales grew 14% to 31,741 units. Domestic tractor sales increased 12% to 72,071 units. The company attributes growth to new model editions and favorable market conditions. M&M plans to launch its electric SUV, XEV 9S, on November 27. Quarterly results are expected on November 4, with analysts projecting profit between Rs 3,895.00 - 3,996.00 crore and revenue between Rs 33,900.00 - 34,400.00 crore.
01Nov 25
Mahindra & Mahindra Achieves Record-Breaking SUV Sales and Unveils New Electric SUV XEV 9S
Mahindra & Mahindra achieved record-breaking SUV sales with 71,624 units sold domestically, a 31% year-on-year growth. Total automotive sales reached 120,142 vehicles, up 26%. The Farm Equipment Business saw 12% growth in domestic tractor sales. The company also unveiled its new all-electric SUV, the XEV 9S, built on the INGLO platform, with a world premiere scheduled for November 27.
31Oct 25
Mahindra & Mahindra's Aerospace Subsidiary in Australia Voluntarily Liquidated
Mahindra & Mahindra Ltd (M&M) has announced the voluntary liquidation and deregistration of its subsidiary, Mahindra Aerospace Australia Pty Ltd (MAAPL), effective October 30, 2025. The liquidation proceeds amount to AUD 3.03 million (approx. INR 17.12 crores). This move follows M&M's earlier decision to exit the aircraft manufacturing business. MAAPL's contribution to M&M's consolidated revenue and net worth was minimal, at 0.00% and 0.02% respectively. The company has received the de-registration certificate from the Australian Securities & Investment Commission.
29Oct 25
M&M Financial Services Reports 45% Surge in Net Profit, Brokerages Maintain Stable Outlook
Mahindra & Mahindra Financial Services (M&M Financial) reported a 45% increase in net profit to ₹564 crore and a 14.6% rise in net interest income to ₹2,279 crore. The company's loan book grew by 13%, with total disbursements up 3% to ₹13,514 crore. Tractor disbursements jumped 41%, while SME lending increased by 12%. The company maintained stable asset quality with stage 3 loans at 3.9% and provision coverage at 53%. M&M Financial is diversifying beyond vehicle financing, with its non-vehicle loan book growing by 33%. Major brokerages maintain a cautiously optimistic stance, with CLSA rating it 'Outperform' and Morgan Stanley rating it 'Equal-Weight'.
29Oct 25
Mahindra & Mahindra Financial Services Reports 60% Surge in Q2 Net Profit
Mahindra & Mahindra Financial Services, a leading Indian non-banking financial company, has announced strong Q2 results. The company's net profit increased by 60% to 5.89 billion rupees, up from 3.69 billion rupees in the same quarter last year. Revenue also grew by 14.3% to 44.73 billion rupees, compared to 39.13 billion rupees in the previous year. This robust performance indicates the company's strong market position and operational efficiency in the challenging non-banking financial sector.
28Oct 25
Mahindra & Mahindra Transfers 18,844 Equity Shares to 44 Employees Under Stock Option Scheme
Mahindra & Mahindra Limited has transferred 18,844 equity shares from its Employees' Stock Option Trust to 44 stock option grantees on October 28, 2025. Notable recipients include Manoj Chugh (4,384 shares), Gunjan Pandey (1,608 shares), and Ravi Krishnamurthy (1,590 shares). The company has informed multiple stock exchanges about these transfers, including NSE, BSE, Luxembourg Stock Exchange, and London Stock Exchange, in compliance with listing requirements.
27Oct 25
Kotak Mahindra Bank Reports Mixed Q2 Results: Net Profit Dips, Revenue Rises
Kotak Mahindra Bank's Q2 FY2024 results show a 3.03% increase in revenue to ₹13,600.00 crore, but a 2.69% decrease in net profit to ₹3,253.00 crore compared to Q2 FY2023. The bank's asset quality improved with gross NPA ratio decreasing to 1.39% from 1.48% quarter-on-quarter. Operating profit rose by 17.74% to ₹4,735.70 crore, and other income surged by 184.12% to ₹731.60 crore. However, expenses increased by 27.51% to ₹29,347.50 crore, potentially impacting the bottom line.
24Oct 25
Kotak Mahindra Bank Shares Decline Ahead of Q2 Results; Mixed Performance Expected
Kotak Mahindra Bank is expected to report muted Q2 performance on October 25, with analysts projecting a possible 1.9% to 4.8% year-on-year decline in profit after tax. Net interest income is forecast to grow by 4%, while net interest margins may contract by 9 basis points to 4.56% due to higher deposit costs. Pre-provision operating profit is anticipated to increase by 5% year-on-year, with credit costs easing to around 0.7%.
23Oct 25
Kotak Mahindra Bank Under Scrutiny: Customer Claims Job Loss After Alleged Recovery Agent Misconduct
A Kotak Mahindra Bank customer, Vireshwar Das, claims he lost his job after a bank recovery agent allegedly verbally abused his employer and made threatening statements about his mother. Das, facing financial difficulties due to family medical expenses, including his mother's liver transplant, shared his experience on LinkedIn. The bank's Social Media Escalation Team has acknowledged the complaint and promised to resolve the issue by October 31, offering a settlement with specific payment terms. This incident raises questions about debt collection practices and their impact on customers' lives.
22Oct 25
Tech Mahindra Stock Dips 10% Despite Strong Q2 Performance
Tech Mahindra experienced a 10% stock decline over five trading sessions following its Q2 results announcement on October 14, despite posting better-than-expected numbers. The company's EBIT margin improved to 12.10%, up 100 bps quarter-on-quarter. Total contract value reached $816 million, up 1.5% QoQ and 35.3% YoY. Quarterly revenue remained stable at $1.60 billion. Factors contributing to the stock decline include delayed project ramp-ups, US policy concerns, and downward analyst revisions. Despite the drop, analysts maintain a positive outlook with a 14% potential upside from the current trading price.
22Oct 25
Kotak Mahindra Bank to Review Q2FY26 Results on October 25
Kotak Mahindra Bank will hold a board meeting on Saturday, October 25, to review and approve Q2FY26 financial results. The meeting will consider both standalone and consolidated unaudited financial results. An earnings call is scheduled for 5 p.m. IST on the same day. The trading window for designated persons has been closed since October 1. In the previous quarter, the bank reported a 6% increase in Net Interest Income to Rs 7,259.00 crore, while Profit After Tax decreased by 7% to Rs 3,282.00 crore. Net Advances grew by 15.8% to Rs 4.40 lakh crore. The bank's shares have gained 23.48% year-to-date and 6.93% in the past month.
20Oct 25
Mahindra & Mahindra Executes Significant Block Trade on NSE
Mahindra & Mahindra experienced a significant block trade on the National Stock Exchange (NSE), involving 710,917 shares. The transaction was executed at Rs. 3,673.90 per share, totaling Rs. 261.18 crores. This large-scale trade indicates potential shifts in institutional holdings or strategic moves by major investors, although the specific parties involved were not disclosed. While block trades can influence market sentiment, they don't necessarily reflect broader market trends or the company's fundamental performance.
17Oct 25
Tech Mahindra Announces Rs 15 Interim Dividend, Sets October 17 as Last Date to Buy Shares
Tech Mahindra announced an interim dividend of Rs 15 per equity share, representing 300% of the face value. The ex-dividend date is set for October 20, with the record date on October 21. Shareholders must purchase shares by October 17 to qualify. The dividend yield stands at 3.07% based on the current share price. Payment is scheduled by November 12.
15Oct 25
Tech Mahindra Shares Dip Despite Strong Q2 Performance as Analysts Remain Divided
Tech Mahindra's shares fell 0.90% to ₹1,455.00 despite exceeding Q2 expectations. The company reported 1.60% constant currency revenue growth, its strongest in 10 quarters. Tech Mahindra maintained its FY2027 guidance, targeting above-industry growth and 15% operating margin. Analyst opinions varied, with CLSA and Nomura remaining positive, while Jefferies and Morgan Stanley expressed caution. The stock has declined nearly 14% year-to-date, currently valued at 18.30 times FY27 forward earnings.
14Oct 25
Tech Mahindra Reports Mixed Q2 Results: Net Profit Dips, Revenue Grows
Mahindra & Mahindra's Q2 FY2024 results show a 5.1% increase in revenue to ₹13,995.00 crore, but a 4.4% decrease in net profit to ₹1,194.00 crore compared to Q2 FY2023. The company declared an interim dividend of ₹15.00 per equity share, with a record date of October 21.
14Oct 25
Tech Mahindra Anticipates Growth in Q2 Earnings Amid Mixed Sector Outlook
Mahindra & Mahindra is projected to report positive growth in Q2 earnings. Net profit is expected to increase by 12.70% to ₹1,285.00 crore, while revenue is anticipated to grow by about 3% to ₹13,777.00 crore. Constant currency revenue growth is estimated at 0.70-0.80%. Growth drivers include deal ramp-ups, stable performance in communications vertical, improved execution of large deals, and traction in enterprise, banking, and retail segments. The telecom business is expected to remain flat. Cyient DLM and ICICI Lombard General Insurance are also set to announce their Q2 results.
13Oct 25
Mahindra Lifespace Expands Footprint with Mumbai Redevelopment Projects and Pune Land Acquisition
Mahindra Lifespace Developers Ltd has announced significant expansion in Maharashtra. The company secured redevelopment mandates for four societies in Mumbai with a Rs 800 crore development potential. Additionally, they acquired land near Mahalunge, Pune, with a Rs 3,500 crore development potential. The combined development potential of these projects is Rs 4,300 crore, marking a substantial increase in the company's presence in Maharashtra's real estate sector.
11Oct 25
Mahindra Lifespaces Expands Portfolio with Pune Land Acquisition and Mumbai Redevelopment Projects
Mahindra Lifespace Developers has acquired 13.46 acres in Pune with ₹3,500 crore development potential. The company also secured two redevelopment projects in Mumbai: a 1.65-acre project in Malad West with ₹800 crore expected revenue, and a project in Chembur with ₹1,700 crore gross development potential. The company's residential portfolio now covers 49.26 million sq ft across 7 cities, with over 5,000 acres under development in 4 locations. Mahindra Lifespace's shares gained 3.67% following the Pune acquisition announcement.
09Oct 25
Mahindra Group Announces Strategic Restructuring, Rules Out Splitting Auto and Tractor Divisions
Mahindra & Mahindra plans to restructure its core business into three distinct units, while maintaining the unity of its automotive and tractor divisions. The company will hold an analyst meet on November 4, 2025, to discuss further details. Alongside this restructuring, M&M is launching initiatives to enhance shareholder engagement, including a campaign for KYC updates and dividend claims, and a special window for physical share transfers.
07Oct 25
Mahindra & Mahindra Reports 60% Surge in SUV Sales, Plans EV Launch Amid Board Restructuring
Mahindra & Mahindra has reported a 60% increase in retail SUV sales, attributed to portfolio expansion and GST 2.0 policy benefits. The company is launching a new electric vehicle in November and has observed shifts in buyer behavior towards higher variants and SUVs. M&M has appointed new board members including Samina Hamied and Muthu Raju Paravasa Raju Vijay Kumar as Additional Directors, and Shikha Sharma as Lead Independent Director. The company is optimistic about the upcoming festive season sales.
06Oct 25
Major Indian IT Firms Set Dates for Q2 Results Announcements; Kotak Mahindra Bank Shares Rise on Strong Q2 Growth
Major Indian IT companies including Tech Mahindra, Coforge, LTIMindtree, Persistent Systems, and Mphasis have scheduled their board meetings to announce second quarter results. Dates range from October 14 to October 30. Some companies are considering interim dividends. All have implemented trading window restrictions for designated persons to ensure fair disclosure. Companies plan to hold earnings calls post-results for deeper insights. Separately, Kotak Mahindra Bank reported strong Q2 provisional figures with significant growth in deposits and advances.
04Oct 25
Kotak Mahindra Bank Reports Robust Growth in Advances and Deposits
Kotak Mahindra Bank's Q2 FY24 results show significant growth in key metrics. Net advances increased by 15.80% YoY to ₹4.62 lakh crore, while total deposits grew 14.60% YoY to ₹5.28 lakh crore. CASA deposits rose 11.20% YoY to ₹2.23 lakh crore. However, the bank faced profitability challenges in the June quarter, with net profit declining 57.50% YoY to ₹3,281.70 crore. Asset quality slightly deteriorated with gross NPAs at 1.48% of gross advances. Despite these challenges, the bank's shares closed up 1.84% at ₹2,100.90.
02Oct 25
Mahindra Group Marks 80 Years, Aligning with India's Manufacturing Ambitions
Mahindra & Mahindra marked its 80th anniversary, highlighting its evolution from a jeep assembler to a global conglomerate. The company operates in over 100 countries and is the world's largest tractor manufacturer by volume. Its diverse portfolio spans automobiles, farm equipment, finance, IT services, hospitality, and renewable energy. Chairman Anand Mahindra reaffirmed the company's commitment to nation-building, aligning with India's goals for technological self-reliance and increased global manufacturing share. CEO Anish Shah emphasized the company's focus on inclusivity and entrepreneurship. Mahindra & Mahindra continues to prioritize sustainability and social impact through initiatives like Nanhi Kali for girls' education and Kaabil for women's skill development.
01Oct 25
M&M September Sales Soar 14% to 100,298 Units, Plans November EV Launch
Mahindra & Mahindra's total sales for September reached 100,298 units, a 14% increase year-on-year, surpassing analyst expectations. The automotive segment saw a 16% rise, with domestic utility sales up 10%. The tractor segment excelled with a 49% growth, selling 66,111 units. The company reported significant growth during the festive season, with SUV sales up 60% and commercial vehicle sales up 70% during Navratri. Mahindra & Mahindra plans to launch a new electric vehicle in November, with EV bookings growing from 2-3% to approximately 8% currently.
29Sept 25
Mahindra & Mahindra Divests Sampo Rosenlew Oy to TERA for €5 Million
Mahindra & Mahindra (M&M) has agreed to sell its wholly-owned subsidiary, Sampo Rosenlew Oy, to Tera Yatirim Teknoloji Holding Anonim Sirketi for €5 million (approx. Rs. 52.00 crore). The transaction, set to complete by October 6, aligns with M&M's strategy to optimize its portfolio. Sampo Rosenlew Oy contributed 0.23% to M&M's consolidated revenue and 0.24% to its consolidated net worth. M&M maintains its strong market position with a 43.3% share in the domestic tractor industry and increasing market share in the UV segment.
21Sept 25
Mahindra Unveils Festive Season Bonanza: Up to Rs 1.84 Lakh Savings on Commercial Vehicles
Mahindra & Mahindra is offering festive season benefits of up to Rs 1.84 lakh on its commercial vehicle lineup. The Supro model leads with the highest benefits, while other models like Veero, Maxx Pik-Up HD, Bolero Pik-Up, Maxx Pik-Up City, and Bolero Camper also have significant savings. The offers combine reduced GST and festive discounts, with starting prices ranging from Rs 5.71 lakh to Rs 9.70 lakh. Benefits are model and variant specific, and prices mentioned are applicable in Maharashtra.
19Sept 25
Mahindra Slashes SUV Prices and Offers Additional Benefits Up to Rs 2.56 Lakh
Mahindra & Mahindra has announced significant price reductions and additional benefits on its SUV lineup following GST rate cuts. Price cuts range from Rs 1.01 lakh to Rs 1.56 lakh, with additional benefits of Rs 20,000 to Rs 1.29 lakh across variants. Total savings reach up to Rs 2.56 lakh for models like Bolero/Neo. The company's UV market share improved to 19.1% last fiscal year. Mahindra reported Q1 revenue of Rs 34,143.00 crore and PAT of Rs 3,450.00 crore. Future plans include increasing SUV production capacity and developing a new EV platform.
18Sept 25
Mahindra & Mahindra Executes Rs. 74.53 Crore Block Trade on NSE
Mahindra & Mahindra conducted a significant block trade on the National Stock Exchange (NSE). The transaction involved 205,312 shares traded at ₹3,630.10 per share, totaling approximately ₹74.53 crores. This substantial trade may indicate institutional interest or significant shareholder movements in the company's stock.
16Sept 25
Mahindra Lifespaces Secures ₹1,700 Crore Redevelopment Projects in Mumbai's Chembur
Mahindra Lifespace Developers, a subsidiary of Mahindra & Mahindra, has been selected as the redevelopment partner for two housing societies in Chembur, Mumbai. The projects, located in the Diamond Garden area, have a combined gross development potential of ₹1,700 crore. The redevelopment spans 2.60 acres and 1.80 acres across two sites, focusing on creating modern, sustainable homes with upgraded amenities. The strategic location offers excellent connectivity to major city areas and business hubs. Mahindra Lifespaces' shares closed at ₹368.00 on the NSE, up by 1.09%.
12Sept 25
Mahindra Slashes SUV Prices by Up to Rs 1.56 Lakh Following GST Rate Cut
Mahindra & Mahindra has announced significant price reductions across its SUV lineup in response to a GST rate cut from 48% to 40% for full-sized SUVs. Price cuts range from Rs 88,900 to Rs 1.56 lakh on various models including XUV700, XUV3XO, Scorpio-N, Thar, and Bolero. The XUV700 is now priced between Rs 14.49 lakh and Rs 25.14 lakh (ex-showroom). The revised rates, effective from September 6, are expected to boost affordability and potentially increase sales in the competitive Indian automotive market.
12Sept 25
Mahindra & Mahindra: Major Block Trade and Corporate Restructuring Unveiled
Mahindra & Mahindra witnessed a significant block trade of 173,713 shares at Rs. 3,606.00 per share on NSE, totaling Rs. 62.64 crores. The company announced strategic acquisitions through its subsidiary, Mahindra Holdings Limited (MHL), to simplify corporate structure. MHL will acquire stakes in Mahindra & Mahindra Contech Limited (MMCL) and PSL Media & Communications Limited (PSL), increasing its shareholding and making them subsidiaries. These cash transactions, not exceeding Rs. 12.51 crores for MMCL and Rs. 87.09 lakhs for PSL, aim to improve operational efficiency, reduce costs, and enhance transparency. The acquisitions are expected to be completed by December 10, 2025.
11Sept 25
Mahindra Confirms All Engines E20-Compatible, Pledges Warranty Support
Mahindra & Mahindra announced that all its engines are safe to operate on E20 fuel, a blend of 20% ethanol and 80% petrol. Vehicles manufactured after April 1, 2025, are specially calibrated for E20 to ensure optimal performance. While older models remain safe for E20 use, minor changes in mileage and performance may be noticed. The company will honor all warranty obligations related to E20 usage. E20 fuel is now available at nearly 90,000 outlets across India, despite some public concerns about its impact on older vehicles. Road Transport Minister Nitin Gadkari has dismissed criticism of the E20 rollout as politically motivated.
11Sept 25
Mahindra Holdings Expands Subsidiary Network Through Strategic Acquisitions
Mahindra & Mahindra's wholly-owned subsidiary, Mahindra Holdings Limited (MHL), is acquiring majority stakes in Mahindra & Mahindra Contech Limited (MMCL) and PSL Media & Communications Limited (PSL). MHL will increase its stake in MMCL from 23.33% to 76.66% for up to Rs. 12.51 crore, and in PSL from 18.06% to 50.05% for up to Rs. 87.09 lakh. These acquisitions will also increase M&M's indirect shareholding in New Democratic Electoral Trust and Kota Farms Services Limited. The moves aim to simplify corporate structure, improve efficiency, reduce costs, and enhance transparency, with transactions expected to complete by December 10, 2025.
10Sept 25
Kotak Mahindra Bank Shares Worth ₹5,559 Crore Change Hands as SMBC Exits
Kotak Mahindra Bank witnessed a significant block deal involving 2.86 crore shares traded at an average price of ₹1,941.00 per share, totaling ₹5,559 crore. Sumitomo Mitsui Banking Corporation (SMBC) is selling its remaining 1.65% stake in the bank. The floor price was set at ₹1,880.00 per share. Kotak Mahindra Bank shares closed 0.5% higher at ₹1,960.40. SMBC's exit comes as it plans to acquire up to a 20% stake in Yes Bank.
09Sept 25
Mahindra & Mahindra Reports Mixed Performance in August Production and Sales
Mahindra & Mahindra's August figures show an 8.90% increase in total production to 86,890 units, despite a 0.80% dip in total sales to 74,027 units. The Thar and Thar Roxx models excelled with 57.20% growth in production and 64.00% in sales. The company debuted its Electric Origin SUV, producing 4,921 units and selling 3,864. Exports grew by 14.70% to 3,575 units, while commercial vehicle sales increased by 9.40% to 24,101 units.
08Sept 25
Mahindra & Mahindra Shares Surge 14% on GST Rate Cuts, Analysts Bullish
Mahindra & Mahindra (M&M) shares surged 3.70% to Rs 3,693.55, extending a four-day rally of 14.00%. The rise follows India's GST restructuring announcement, which reduces automobile rates from 28% to 18% and tractor rates to 5%. M&M is uniquely positioned to benefit due to its strong presence in both SUV and tractor segments. Brokerages expect lower prices for popular models like Scorpio-N and XUV700, potentially boosting demand. The reforms coincide with the upcoming Diwali season, traditionally a period of increased consumer spending. While the long-term outlook is positive, analysts advise caution due to short-term overbought conditions.
05Sept 25
Mahindra & Mahindra Reports Robust Growth in Production and Sales for January 2024
Mahindra & Mahindra Limited released its January 2024 production and sales figures, showing significant growth. Total production increased by 32.40% to 101,169 units, while total sales grew by 17.70% to 72,198 units compared to January 2023. Key models like Thar and Scorpio saw production increases of 15.70% and 69.00% respectively. The company also provided comparative data for February 2022, highlighting consistent performance. Figures from September 2023 onwards include sales from Mahindra Last Mile Mobility Limited.
04Sept 25
Mahindra & Mahindra Shares Surge 8% on GST Restructuring Benefits
Mahindra & Mahindra (M&M) shares jumped 7.8% to Rs 3,539.25 following the GST Council's tax restructuring decision. The new system features 5% and 18% slabs for most goods, with a 40% levy on luxury items. This change reduces taxes on small cars to 18% and large SUVs to 40%. Brokerages highlight M&M as a major beneficiary, with two-thirds of its portfolio shifting to lower tax rates. The restructuring is expected to boost auto demand by 5-10% across categories. The Nifty Auto index gained nearly 4% in response to the news.
01Sept 25
M&M Reports Strong Tractor Sales, Mixed Auto Performance in August
Mahindra & Mahindra's August sales show contrasting performance across segments. The Farm Equipment Business saw a 28% year-on-year increase in domestic tractor sales, reaching 26,201 units. Total tractor sales, including exports, grew by 28% to 28,117 units. The automotive division, however, experienced a slight decline with total sales of 75,901 units, down from 76,755 units last year. Utility vehicle sales decreased by 9%, while exports increased by 16%. The company attributes strong tractor performance to favorable agricultural conditions and anticipates potential growth in the upcoming festive season.
28Aug 25
Mahindra Group Clinches Airbus Contract for H125 Helicopter Fuselage Production
Mahindra Group has secured a contract from Airbus SE to manufacture the fuselage for the H125 helicopter. This agreement follows a previous contract won in April for manufacturing the helicopters. The deal showcases Mahindra's growing aerospace capabilities and strengthens its relationship with Airbus. While financial details are undisclosed, this development is expected to positively impact Mahindra & Mahindra, potentially opening new revenue streams in the high-tech aerospace manufacturing sector.
25Aug 25
Mahindra & Mahindra Poised to Benefit from Major GST Cut on Agricultural Equipment
The government has announced a significant reduction in GST rates for agricultural equipment, which is expected to benefit major players in the industry. Mahindra & Mahindra (M&M), a leading manufacturer of tractors and farm equipment in India, stands to gain from this move. The tax cut aims to make agricultural machinery more affordable for farmers, potentially stimulating demand in the sector. M&M could leverage this opportunity to increase sales volume, strengthen its market position, and benefit from a potential boost in the rural economy. The company's established supply chain and distribution network may allow it to capitalize quickly on increased demand.
25Aug 25
Mahindra Susten Appoints Avinash Rao as MD & CEO, Bolstering Renewable Energy Leadership
Mahindra Susten, the cleantech arm of Mahindra & Mahindra, has appointed Avinash Rao as its new Managing Director & Chief Executive Officer, effective September 24, 2025. Rao brings nearly 30 years of experience in the energy sector. Mahindra Susten, with over 1.60 GW of commissioned projects and a pipeline of 3.60 GW, aims to expand its renewable energy portfolio. The company is focusing on emerging areas like energy storage and integrated renewable energy solutions. Ontario Teachers' Pension Plan, a long-term investor in Mahindra Susten, has welcomed this appointment.
18Aug 25
Kotak Mahindra International Secures UAE Investment License, Bank Reports Strong Q1 Growth
Kotak Mahindra International has obtained a license from the UAE's Securities and Commodities Authority, becoming the first Indian firm to do so. This allows them to operate investment funds and offer portfolio management services in the UAE. The company plans to launch UAE-domiciled funds focusing on India-centric investment strategies by Q4 2025. Meanwhile, Kotak Mahindra Bank reported strong quarterly results with total advances at ₹4.45 lakh crore (14% YoY growth) and deposits at ₹5.13 lakh crore (14.60% YoY growth). The bank's shares traded at ₹2,021.30, up 2.14%, with year-to-date gains of 13%.
15Aug 25
Mahindra Unveils Revolutionary NU_IQ Platform and Plans Hospitality Expansion
Mahindra & Mahindra showcased four SUV design concepts based on its new NU_IQ platform, featuring advanced technology and versatile design. The platform supports multiple configurations and powertrains, targeting global markets. Production is set to begin in 2027. Additionally, Mahindra plans to expand its hospitality arm, aiming for 10,000 rooms by 2030 and considering new expansion models beyond Club Mahindra.
13Aug 25
Mahindra & Mahindra Set to Export Electric Vehicles to UK Following Trade Agreement
Mahindra & Mahindra plans to expand its electric vehicle (EV) business into the United Kingdom market, capitalizing on a recently established trade agreement. The Mumbai-based automaker aims to export its EVs to the UK, marking a significant step in its international growth strategy. This move aligns with the company's goal to establish itself as a key player in the global EV market and could potentially boost its electric vehicle sales and global presence.
12Aug 25
Mahindra Boosts South African Plant Capacity by 67% as Demand for Budget Cars Surges
Mahindra & Mahindra is increasing its production capacity in South Africa from 900 to 1,500 vehicles per month, a 67% boost, to meet growing demand for affordable vehicles. The company's Durban plant primarily manufactures the popular Mahindra Pik-Up. Mahindra is also considering upgrading to completely-knocked down assembly and plans to introduce electric vehicles in the future. The expansion has created about 100 direct jobs. Additionally, Mahindra's subsidiary, Mahindra Susten Private Limited, has approved a rights issue to raise funds for renewable power projects.
12Aug 25
Mahindra Susten Approves Rs 1,800 Crore Rights Issue to Fund Renewable Power Projects
Mahindra Susten Private Limited (MSPL), a subsidiary of Mahindra & Mahindra Ltd., has approved a rights issue of up to 29.8 crore equity shares at Rs 60.40 per share, aiming to raise Rs 1,800 crore. The funds will be used for upcoming renewable power projects. Mahindra Holdings Limited (MHL) has committed to invest up to Rs 1,080 crore in the rights issue, maintaining its 60.01% shareholding in MSPL. The company reported a revenue of Rs 354 crore and a net worth of Rs 1,880 crore in a recent financial year.
10Aug 25
Mahindra CEO Anish Shah Champions Constructive Dissent for Company Strength
Anish Shah, CEO and MD of Mahindra & Mahindra Group, emphasizes the importance of constructive dissent in strengthening the company. Shah recounts an incident where he opposed a proposal from Chairman Anand Mahindra, leading to its rejection by the board. This experience highlights the company's culture of valuing diverse perspectives. Shah's leadership philosophy focuses on collaboration and mutual respect, viewing disagreement as valuable input rather than a challenge to authority. The approach aligns with Mahindra Group's long-standing values of dignity of labor and meritocracy. Anand Mahindra is credited for creating an open environment where professionals can run the business while he remains available for guidance.
08Aug 25
Mahindra & Mahindra Reports Strong Growth in Sales and Production, Receives Upgraded ESG Rating
Mahindra & Mahindra's total production increased to 82,862 units from 70,540 units year-over-year, with total sales rising to 80,917 units from 64,929 units. Exports more than doubled to 2,774 units. The company introduced the Electric Origin SUV, producing 4,290 units and selling 4,008 units. Thar and Thar Roxx diesel variants saw sales more than double to 8,880 units. CRISIL ESG Ratings upgraded Mahindra & Mahindra's ESG rating to 'CRISIL ESG 66' from 'CRISIL ESG 65', maintaining its position as the highest-rated auto OEM.
07Aug 25
Kotak Mahindra Bank Sees Major Stake Sale and Reports Quarterly Results
OppenheimerFunds sold a 0.52% stake in Kotak Mahindra Bank for Rs 2,035.36 crore. The bank's stock closed 0.41% lower at Rs 1,994.20. Quarterly results showed a 14% decline in standalone profit to Rs 3,552.00 crore, while total income increased to Rs 16,712.00 crore. Net Interest Income rose 5% to Rs 7,284.00 crore.
06Aug 25
Kotak Mahindra Bank Faces ₹2,066 Crore Block Deal Amid Quarterly Profit Decline
A shareholder of Kotak Mahindra Bank is set to sell 1.05 crore shares (0.5% equity) in a block deal worth ₹2,066 crore, with a floor price of ₹1,955 per share. The bank's recent quarterly results show a 57.5% year-over-year decline in net profit to ₹3,281.70 crore, missing Street estimates. Net interest income increased by 6.1% to ₹7,249.00 crore. Gross NPAs rose to 1.48% from 1.42% in the previous quarter, while net NPAs increased to 0.34% from 0.31%. Despite revenue growth of 7.10%, increased expenses and asset quality concerns have impacted profitability.
06Aug 25
Mahindra Unveils Landmark Rs 400-500 Crore ESOP for 23,000 Employees, Including Factory Workers
Mahindra & Mahindra announced a one-time Employee Stock Ownership Plan (ESOP) for approximately 23,000 employees across three key subsidiaries, including factory floor workers. The plan, valued at Rs 400-500 crore, will be implemented as Restricted Stock Units (RSUs) for eligible employees with at least 12 months of service. This move follows the company's strong financial performance, with a consolidated net profit of Rs 4,083.00 crore in Q1 FY2024, up 24% year-on-year.
05Aug 25
Kotak Mahindra Bank Denies ₹1.13 Lakh Crore Credit to Deceased Customer's Account, Reaffirms Partnership with PVR INOX
Kotak Mahindra Bank denied reports of a ₹1.13 lakh crore credit to a deceased woman's account, stating all systems are functioning normally. Separately, the bank strengthened its 17-year partnership with PVR INOX by relaunching their co-branded credit card. The revamped card offers enhanced cinema benefits including discounts on movie tickets and food, access to exclusive lounges, and rebranded cinema properties across 21 cities. A promotional campaign for the card is being screened in over 1,700 cinema halls.
05Aug 25
Mahindra & Mahindra Shares Worth Rs. 24.87 Crores Traded in NSE Block Deal
Mahindra & Mahindra (M&M) experienced a significant block trade on the National Stock Exchange involving 77,926 shares valued at Rs. 24.87 crores, with shares priced at Rs. 3,191.70 each. M&M has shown strong performance across sectors, with a 22% volume increase in SUVs, 10% growth in tractor volumes, and a 24% rise in consolidated Profit After Tax to Rs. 4,083.00 crores. The company holds substantial market shares in SUVs (22.70%), tractors (45.10%), and light commercial vehicles (50.70% in 2-3.5 tonnes segment). M&M plans capex of Rs. 20,000.00-25,000.00 crores for auto and farm segments, with a continued focus on electric vehicle development.
04Aug 25
Mahindra & Mahindra Reports Robust Q1 Results with 24% PAT Growth and 20.6% ROE
Mahindra & Mahindra reported robust Q1 financial results. Consolidated PAT grew 24% to ₹4,083.00 crores, with ROE reaching 20.6%. The automotive segment saw SUV volumes surge 22%, while the farm equipment sector increased tractor volumes by 10%. The company's EV business showed improved profitability. Despite challenges like steel price increases and urban market slowdown, M&M maintains a positive outlook with mid to high teens SUV growth guidance.
03Aug 25
Mahindra & Mahindra Tackles Rare Earth Magnet Shortage with Alternative Sourcing and Engineering Solutions
Mahindra & Mahindra is addressing potential rare earth magnet shortages due to China's export restrictions. The company has built up inventory from alternative sources, securing supply for nine months. For long-term solutions, they're developing engineering alternatives to support growth plans, especially in the EV segment. The shortage affects neodymium-iron-boron magnets, crucial for EV motors and power steering. Other major Indian automakers acknowledge the issue but report no immediate production impacts. Mahindra's proactive approach aims to maintain production stability and support growth.
01Aug 25
Mahindra & Mahindra Completes Strategic Acquisition of 58.96% Stake in SML Isuzu
Mahindra & Mahindra (M&M) has acquired a 58.96% stake in SML Isuzu Limited for ₹555.00 crore, strengthening its position in the commercial vehicle sector. The acquisition includes a 43.96% stake from Sumitomo Corporation and a 15% stake from Isuzu Motors Limited, at ₹650.00 per share. M&M will launch a mandatory open offer for up to 26% additional stake from public shareholders at ₹1,554.60 per share. SML Isuzu, now a listed subsidiary of M&M, reported ₹2,196.00 crore in operating revenue and ₹179.00 crore in EBITDA for FY24. M&M aims to increase its market share in the >3.5T CV segment from 3% to 6% initially, targeting 10-12% by FY31 and over 20% by FY36.
01Aug 25
Mahindra & Mahindra Shareholders Approve Director Re-appointments and Report Strong July Sales
Mahindra & Mahindra held its 79th AGM, approving key resolutions including director re-appointments and remuneration revisions. The company reported robust July sales figures, with total auto sales increasing 26% year-on-year to 83,691 units. Domestic SUV sales grew 20% to 49,871 units, while auto exports surged 83%. Tractor sales also showed growth, with domestic sales up 5% and exports up 6%. The company attributes its success to recent product launches and favorable agricultural conditions.
01Aug 25
Mahindra & Mahindra Reports Strong 26% Growth in July Auto Sales, Tractor Division Shows Modest Increase
Mahindra & Mahindra (M&M) reported a 26% increase in total auto sales for July, reaching 83,691 units and surpassing analyst expectations. The SUV segment led growth with a 20% year-on-year increase in domestic sales. Commercial vehicle sales and exports also showed strong performance. The tractor division experienced modest growth of 5% year-on-year. M&M's recent quarterly results ending June 30 showed a 22.33% increase in total income and a 24.39% rise in profit compared to the previous year.
31Jul 25
Mahindra & Mahindra Divests Stake in Sri Lankan Subsidiary for LKR 50 Million
Mahindra & Mahindra (M&M) has sold its 35% stake in Mahindra Ideal Lanka (MILPL) to Ideal Motors Private Limited for LKR 50 million (approx. Rs. 1.4 crore). The transaction, set to complete by July 31, 2025, will reduce M&M's shareholding in MILPL to zero. Despite this exit, M&M affirms Sri Lanka remains a key market, with continued sales and service through existing distribution channels. The divestment aligns with M&M's strategy to streamline international operations, with minimal financial impact expected. M&M's recent Q1 F26 results show strong performance, with 22% YoY increase in consolidated revenue and 24% rise in consolidated profit after tax.
31Jul 25
Mahindra & Mahindra Divests 35% Stake in Sri Lankan Subsidiary for LKR 50 Million
Mahindra & Mahindra (M&M) has sold its entire 35% shareholding in Mahindra Ideal Lanka (Private) Limited (MILPL) to Ideal Motors Private Limited for LKR 50 million (approx. Rs 1.40 crore). The Share Purchase Agreement was executed on July 31, 2025, with expected closure by October 31, 2025. Post-divestment, MILPL will cease to be an associate of M&M. Despite the exit, M&M will continue its sales and service in Sri Lanka through existing distribution channels. MILPL's gross revenue for FY ended March 31, 2025, was Rs 50.40 crore, with a net worth of Rs 4.10 crore. The transaction is classified as a related party transaction.
31Jul 25
Mahindra & Mahindra Reports Strong Q1 Performance with 24% PAT Growth
Mahindra & Mahindra Limited (M&M) reported robust Q1 financial results. Consolidated revenue increased by 22% to Rs 45,529.00 crore, while PAT grew by 24% to Rs 4,083.00 crore. The automotive segment saw SUV volumes surge by 22% and market share expand by 570 basis points to 27.30%. In the farm equipment sector, tractor market share improved to 45.20%. The company maintained strong margins, with auto standalone PBIT margin at 10.00% and farm equipment at 19.80%. Subsidiary performances were also strong, with MMFSL reporting 15% AUM growth and Tech Mahindra improving EBIT margin by 260 basis points.
31Jul 25
Mahindra & Mahindra Reports Robust Q1 Performance with 24% PAT Growth
Mahindra & Mahindra (M&M) reported impressive Q1 financial results. Consolidated revenue increased by 22% to Rs 45,529.00 crore, while Profit After Tax grew 24% to Rs 4,083.00 crore. The automotive division saw SUV volumes rise 22% year-on-year, with market share expanding to 27.30%. In the farm equipment sector, tractor market share reached a record 45.20%. The company also showed strong performance in its financial services and tech segments. Management expressed satisfaction with the broad-based growth across all businesses, highlighting significant market share gains in SUVs, LCVs, and tractors.
30Jul 25
Mahindra & Mahindra Unveils Ambitious FY26 Growth Strategy Amid Strong Q1 Performance
Mahindra & Mahindra announced a comprehensive growth strategy through FY26, building on its strong market performance. Q1 results show significant gains in SUV and tractor market shares, with SUV revenue share reaching 27.30% and tractor market share expanding to 45.20%. The company leads in EV revenue market share for E-SUV and E-PV categories. Consolidated revenue increased by 22% to Rs 45,529 crore, while PAT grew 24% to Rs 4,083 crore. Auto and Farm segments saw margin improvements, with Auto PBIT margin at 10.00% and Farm PBIT margin at 19.80%. The strategy also focuses on diversified growth across Tech Mahindra, Mahindra Finance, and other promising sectors.
30Jul 25
Mahindra & Mahindra Reports Strong Q1 Results, Reaffirms SUV Growth Outlook
Mahindra & Mahindra (M&M) reported impressive Q1 financial results with consolidated revenue up 22% to Rs 45,529.00 crore and PAT increasing 24% to Rs 4,083.00 crore. The automotive segment saw 22% growth in SUV volumes and increased market share. The farm equipment sector also showed strong performance with 10% growth in tractor volumes. An M&M executive confirmed no production issues related to rare earth magnets and maintained the SUV sales growth guidance in the mid-to-high teens. Management expressed satisfaction with the broad-based growth across all businesses.
30Jul 25
Mahindra & Mahindra Reports Robust 24% Surge in Q1 FY26 Profit, Driven by Strong Auto and Farm Sectors
Mahindra & Mahindra (M&M) reported impressive Q1 FY26 results with consolidated net profit up 24% to Rs 4,083.00 crore and revenue increasing 22% to Rs 45,436.00 crore. The company achieved top position in the SUV segment with 27.3% market share and maintained leadership in tractors with 45.2% share. Auto segment revenue grew 31% to Rs 25,999.00 crore, while Farm segment revenue increased 12% to Rs 10,892.00 crore. M&M also led in LCVs with 54.2% market share and captured 38.7% in electric 3-wheelers. Management highlighted broad-based growth across all businesses and continued market share gains.
30Jul 25
Mahindra & Mahindra Reports Strong Q1 Results; Lead Independent Director T.N. Manoharan Passes Away
Mahindra & Mahindra announced impressive Q1 financial results with 24% growth in consolidated PAT and 22% increase in revenue. The auto segment saw 22% SUV volume growth, while the farm segment achieved 10% volume growth. The company's ROE reached 20.60% annualized. Simultaneously, M&M reported the passing of Lead Independent Director T.N. Manoharan on July 30. The company also executed amendment agreements related to its proposed acquisition of SML Isuzu Limited, modifying certain provisions with Sumitomo Corporation and Isuzu Motors Limited.
30Jul 25
Mahindra & Mahindra Prepones Q1FY26 Results Announcement, Updates on SML Isuzu Acquisition
Mahindra & Mahindra has rescheduled its Q1FY26 results announcement to July 30, 2025, a day earlier than initially planned. The company has also executed amendment agreements with Sumitomo Corporation and Isuzu Motors Limited regarding its acquisition of a 58.96% stake in SML Isuzu. Key modifications include appointing M&M's nominee as a key managerial personnel in SML Isuzu and adjusting parts procurement and company name change processes. The open offer for an additional 26% stake in SML Isuzu at Rs 1,554.60 per share remains unchanged. M&M's stock currently trades at Rs 3,194.60, down from its 52-week high of Rs 3,303.00.
29Jul 25
Mahindra & Mahindra Amends Agreements in SML Isuzu Acquisition Deal
Mahindra & Mahindra (M&M) has executed amendment agreements with Sumitomo Corporation and Isuzu Motors Limited for acquiring a 58.96% stake in SML Isuzu. M&M will acquire 63,62,306 shares (43.96%) from Sumitomo and 21,70,747 shares (15%) from Isuzu. An open offer to public shareholders for 26% stake at Rs. 1,554.60 per share is also planned. Key amendments include appointing M&M's nominee as a key managerial personnel, modifying parts supply agreement, and addressing name change resolutions. The Competition Commission of India has approved the acquisition and open offer.
29Jul 25
Mahindra & Mahindra Strengthens Control Over SML Isuzu Through Strategic Amendments
Mahindra & Mahindra (M&M) has executed amendment agreements with Sumitomo Corporation and Isuzu Motors Limited to reinforce its control over SML Isuzu. Key changes include appointing M&M's nominee as a key managerial personnel in SML Isuzu, modifying supply chain arrangements, and updating procedures for SML Isuzu's name change. These amendments are part of M&M's larger acquisition plan to purchase a significant stake in SML Isuzu from Sumitomo Corporation (43.96%) and Isuzu Motors Limited (15.00%), along with an open offer to public shareholders. The Competition Commission of India has approved the proposed acquisition and open offer.
28Jul 25
Kotak Mahindra Bank's Weak Q1 Results Drag Indian Markets Lower
Indian benchmark equity indices fell for the third consecutive session. NSE Nifty 50 dropped 156.10 points (0.63%) to 24,680.90, while BSE Sensex fell 572.07 points (0.70%) to 80,891.02. Kotak Mahindra Bank's weak Q1 results significantly impacted the market. The bank reported a 2.28% decrease in net profit and a 3.99% decline in operating profit. 33 out of 50 Nifty stocks declined, with the blue-chip pack losing nearly ₹15,500 crore in market capitalization. The downturn affected most sectors, with Nifty Realty and Nifty Defence experiencing the steepest declines. The broader market also weakened, with BSE MidCap and SmallCap indices falling 0.70% and 1.30% respectively.
28Jul 25
Kotak Mahindra Bank Shares Tumble 6% on Margin Pressure and Mixed Loan Growth
Kotak Mahindra Bank shares fell 6% following Q4 FY2025 results. Net Interest Margin declined over 30 basis points year-over-year, exceeding analyst expectations. Loan growth was 14%, driven by corporate banking, while credit card and personal loan segments showed weakness. Despite challenges, revenue increased 25.19% to ₹32,121.20 crore, and net profit rose 21.85% to ₹2,437.10 crore year-over-year. Analysts have mixed views, with ratings split among Buy, Hold, and Sell. The stock traded at ₹1,990.30, down 13% from its 52-week high.
28Jul 25
Kotak Mahindra Bank Reports 47% Drop in Q4 Net Profit Despite Revenue Growth
Kotak Mahindra Bank's Q4 results show a 47% year-over-year decline in net profit to ₹3,281.00 crore, despite a 9% increase in revenue to ₹13,860.00 crore. The bank's asset quality deteriorated slightly, with Gross Non-Performing Assets rising to 1.48% from 1.42% quarter-over-quarter. Operating profit margin decreased to 12.64% from 14.36% in the previous quarter. Total expenses increased by 4.72% compared to the previous quarter, contributing to the pressure on profitability.
27Jul 25
Mahindra Holidays & Resorts India Reports 18% Profit Growth, Plans Expansion
Mahindra Holidays & Resorts India Limited (MHRIL) reported an 18% increase in consolidated profit to ₹7.20 crore and an 8% rise in total income to ₹740.20 crore. The company plans to add 1,000 rooms by March 2026 and reach 10,000 keys by FY30, expanding from its current 126 resorts with 5,794 keys. MHRIL added 3,000 new members in the quarter and aims to maintain this growth. While Indian operations performed well, international operations face challenges due to the Finnish economy and geopolitical uncertainties.
26Jul 25
Kotak Mahindra Bank Reports 57.5% Drop in Net Profit as MFI Stress Peaks
Kotak Mahindra Bank's standalone net profit for the June quarter declined 57.5% year-on-year to ₹3,281.70 crore, falling short of market expectations. The bank saw a surge in provisions to ₹1,207.76 crore from ₹578.48 crore a year ago. Gross non-performing assets ratio increased to 1.48%. Despite challenges, deposit growth was strong at 15% year-over-year with a CASA ratio of 40.9%. Management expects credit costs to ease from the second quarter.
25Jul 25
Kotak Mahindra Bank Expected to Report 26% Decline in Net Profit for Q1
Kotak Mahindra Bank is preparing to release its quarterly financial results. Analysts from five brokerages expect a 26% year-on-year decrease in net profit. Projections include 7% growth in net interest income, 12-13% expansion in loan book, and stable slippages with declining provisions. The bank's trading window is closed as per regulations. In the previous quarter, the bank reported a 14% YoY decline in standalone net profit to ₹3,552.00 crore, while net interest income grew by 5% to ₹7,284.00 crore. The stock has shown mixed performance, with a 13% gain over the last 6 months and an 18.88% increase year-to-date.
24Jul 25
Mahindra Group Ready to Face Global Competition, Including Tesla's Entry into India
Mahindra & Mahindra Group CEO Anish Shah expressed confidence in the company's ability to compete globally, including against potential entrants like Tesla in India. Speaking from the UK, Shah highlighted Mahindra's strong product portfolio and discussed the India-UK Comprehensive Economic and Trade Agreement. The agreement is expected to create export opportunities, establish an innovation framework, and include gradual duty reductions. Shah believes it will position India more favorably globally and benefit various sectors including automobiles, IT services, and hospitality.
24Jul 25
Mahindra Group Eyes Growth Opportunities from India-UK Free Trade Agreement
Mahindra & Mahindra anticipates significant benefits from the recently signed India-UK Free Trade Agreement across its automotive, IT services, and hospitality sectors. CEO Anish Shah expects the agreement to facilitate exports, encourage innovation, and improve Indian businesses' global market position. The company plans to evaluate opportunities in automobiles, IT services, and hospitality, with potential for expansion into other sectors. This optimism follows strong financial performance, with a 20% increase in Profit After Tax and 23% increase in Operating Profit. Mahindra Group's future growth strategy focuses on electric vehicles, farm equipment, and financial services.
24Jul 25
Kotak Mahindra Bank Unveils Exclusive Solitaire Credit Card for Affluent Customers
Mahindra & Mahindra introduces the Solitaire Credit Card, an invite-only offering for high-value customers. The card features high credit limits, unlimited lounge access, generous rewards including 10% Airmiles on travel and 3% on other spends, zero forex markup, and fuel surcharge waivers. It's part of the broader Solitaire banking program, which offers pre-approved credit up to ₹8 crore, family-first banking, and personalized service. Membership is based on a customer's total relationship value across various financial products.
24Jul 25
Mahindra Holidays Reports 69% Jump in Q1 Net Profit, Targets 10,000 Rooms by FY30
Mahindra Holidays & Resorts India Limited (MHRIL) reported a 69% year-on-year increase in standalone net profit for Q1, reaching Rs 76.00 crore. Revenue from operations grew by 5% to Rs 369.00 crore, while EBITDA rose by 42% to Rs 161.00 crore. The company maintained high resort occupancy rates of 85%+ and saw improvements in European operations. MHRIL announced plans to expand its room inventory to 10,000 by FY30. The stock has gained 12% over the past six months, outperforming the BSE Sensex.
22Jul 25
Mahindra & Mahindra Financial Services Reports 3.2% Rise in Q1 Net Profit, 18% Income Growth
Mahindra & Mahindra Financial Services posted a standalone net profit of Rs 530.00 crore for Q1, up 3.2% from Rs 513.00 crore in the same period last year. The company's income grew by 18% year-on-year. An Analyst Meet for Q1F26 is scheduled for July 31, 2025.
22Jul 25
M&M Faces Setback as Finance Minister Confirms No GST Rate Cut for Farm Equipment
The Finance Minister has confirmed that there will be no reduction in GST rates for farm equipment, affecting Mahindra & Mahindra (M&M) and the broader agricultural equipment industry. This decision maintains the current tax structure, potentially leading to pricing pressures and sales impacts for M&M and other manufacturers. The agricultural sector, hoping for tax relief to reduce input costs, will need to continue operating under existing tax rates. M&M and other companies in the industry may need to reassess their market strategies and focus on innovation and efficiency to maintain competitiveness.
17Jul 25
Mahindra & Mahindra to Invest Up to Rs 749.3 Crore in Mahindra Logistics Through Rights Issue
Mahindra & Mahindra (M&M) plans to invest up to Rs 749.3 crore in its logistics subsidiary, Mahindra Logistics Limited (MLL), through a rights issue. The issue offers equity shares at Rs 277 per share. M&M commits to subscribe to its full rights entitlement and any unsubscribed portion, ensuring full subscription. The investment, approved by M&M's Board, aims to strengthen MLL's position in the logistics sector.
16Jul 25
M&M in Talks to Reduce GST on Tractors and Farm Equipment
Mahindra & Mahindra is in talks to reduce the Goods and Services Tax (GST) on tractors and farm equipment from 12% to 5%. This move could make farm equipment more affordable, potentially boosting agricultural mechanization and benefiting small farmers. For M&M, it could lead to increased sales and market share. The proposed reduction could have industry-wide effects, including competitive pricing adjustments and overall sector growth.
14Jul 25
Mahindra & Mahindra Shares: Major Block Trade Worth ₹87.38 Crore Executed on NSE
A significant block trade of Mahindra & Mahindra Ltd. shares occurred on the National Stock Exchange. The transaction involved 282,407 shares, valued at ₹87.38 crore, with each share priced at ₹3,094.10. This large-scale trade indicates continued interest in the company's stock among institutional investors and major traders.
07Jul 25
Mahindra & Mahindra Reports 14% Sales Growth in June, Production Up 20%
Mahindra & Mahindra has shown significant growth across various metrics. Production increased by 20% to 83,435 units, while total vehicle sales rose by 14% to 76,335 units. Exports grew marginally by 1%. The company's Q1 financial results were also impressive, with net profit increasing by 19.60% to ₹2,437.00 crore and revenue growing by 24.50% to ₹31,353.00 crore. EBITDA saw a substantial rise of 39.00% to ₹4,683.00 crore, with the EBITDA margin expanding to 14.90%. Notably, Thar+Thar Roxx sales nearly doubled to 9,542 units, while Scorpio sales slightly increased to 12,740 units.
03Jul 25
Mahindra Finance Reports Muted Q1 Performance with Asset Quality Concerns
Mahindra & Mahindra Financial Services Ltd reported muted Q1 performance according to Morgan Stanley analysis. Disbursements fell 18% QoQ, below market estimates. Gross Stage 3 ratio increased to 3.8-3.9%, indicating potential rise in non-performing assets. Collection efficiency dropped to 95%. Despite challenges, the company showed YoY growth in revenue (25.19%), net profit (21.85%), EBITDA (29.56%), and EPS (19.41%). Morgan Stanley maintained an 'equal-weight' rating, projecting 2.0% ROA for FY2026 and FY2027.
01Jul 25
Mahindra & Mahindra Reports 14% Surge in June Vehicle Sales, Driven by Strong SUV Demand
Mahindra & Mahindra exceeded market expectations with impressive June sales figures. The automotive division sold 78,969 units, a 14% year-over-year increase, with SUV sales growing 18% to 47,306 units. The tractor division sold 53,392 units, showing a 12.80% year-over-year growth and surpassing market estimates of 50,050 units. This performance indicates robust demand in both automotive and agricultural sectors.
01Jul 25
Mahindra Plans IPO for Electric Vehicle Arm, Eyes FY28-30 Listing
Mahindra & Mahindra aims to list its EV subsidiary, Mahindra Electric Automobile Ltd (MEAL), between FY2028 and FY2030. The company is investing Rs 12,000 crore over three years to expand its EV portfolio. Strategic investors BII and Temasek have invested Rs 3,050 crore in MEAL through CCPS, valuing it between Rs 40,393 crore and Rs 80,536 crore. These investors have exit rights by 2030, aligning with the proposed IPO timeline.
26Jun 25
Mahindra & Mahindra Streamlines Defence Operations Under Mahindra Advanced Technologies
Mahindra & Mahindra announces plans to consolidate its defence operations under Mahindra Advanced Technologies Ltd. (MATL). The consolidation involves MATL acquiring stakes in Mahindra Emirates Vehicle Armouring, Mahindra Telephonics Integrated Systems, and Mahindra Defence Systems Ltd. The process is expected to be completed by September 2025, aiming to streamline operations and enhance competitiveness in the defence sector.
25Jun 25
Mahindra & Mahindra Restructures Defence Businesses Through Internal Share Transfers
Mahindra & Mahindra is restructuring its defence businesses through internal share transfers among wholly owned subsidiaries. Mahindra Defence Systems (MDSL) is selling stakes in two defence units and an 88% stake in Mahindra Emirates Vehicle Armouring FZ LLC to Mahindra Advanced Technologies (MATL). M&M will also transfer its stake in MDSL to MATL. The restructuring is expected to be completed by September 23, 2023. This move aims to streamline operations and consolidate defence-related assets under one entity.
09Jun 25
M&M Boosts Stake in Mahindra Finance to 52.49% Through Rights Issue
Mahindra & Mahindra (M&M) invested ₹1,652.00 crore in Mahindra & Mahindra Financial Services Ltd (MMFSL)'s rights issue, acquiring 8.52 crore shares at ₹194.00 per share. This increased M&M's stake in MMFSL from 52.16% to 52.49%, with total shareholding rising to 72.96 crore shares. MMFSL's rights issue committee approved the allotment of 15.44 crore shares to eligible shareholders on June 9.
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