Latest news about Mahindra & Mahindra
Mahindra & Mahindra
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More news about Mahindra & Mahindra
09Jan 26
Motilal Oswal Maintains BUY Rating on Mahindra & Mahindra with ₹4,521 Target Price
Motilal Oswal has reiterated its BUY rating on Mahindra & Mahindra with a target price of ₹4,521, expecting strong growth driven by new model launches. The brokerage projects 14% UV volume CAGR over FY25-28E, with the XUV7XO expected to add 2,000-3,000 incremental monthly units. The company's robust pipeline includes two ICE variants and one EV for FY27, supporting projected revenue, EBITDA, and PAT growth rates of 19%, 18%, and 21% respectively over FY25-28E.
09Jan 26
Mahindra & Mahindra announces senior management changes in HR leadership
Mahindra & Mahindra has announced planned changes in its senior HR leadership, with Mr. Ruzbeh Irani retiring after 19 years as President – Group Human Resources on April 1, 2026, and Mr. Rohit Thakur taking over as Group Chief Human Resources Officer from April 2, 2026. Mr. Thakur brings extensive experience from leadership roles at Accenture, Microsoft India, GE, and startups, with strong academic credentials from SRCC Delhi and XLRI Jamshedpur.
09Jan 26
Motilal Oswal Maintains Buy Rating on Mahindra & Mahindra with Target Price of ₹4,521
Motilal Oswal Securities has reaffirmed its Buy rating on Mahindra & Mahindra with a target price of ₹4,521.00. The maintained positive recommendation reflects the brokerage's continued confidence in the automotive manufacturer's business fundamentals and growth prospects. This rating provides investors with guidance on the stock's potential, suggesting upside potential from current market levels.
07Jan 26
Mahindra Manulife Mutual Fund launches innovation-focused equity scheme
Mahindra Manulife Mutual Fund has launched an innovation-focused equity scheme with NFO period from January 9-23. The fund will invest 80-100% in innovation-themed companies while maintaining flexibility for foreign securities, debt instruments, and alternative investments. The scheme will be managed by Kirti Dalvi and Renjith Sivaram Radhakrishnan, targeting firms with product, process, or service-led innovations across sectors.
06Jan 26
Mahindra XUV 7XO Takes On Three-Row SUV Rivals With Competitive Pricing and Advanced Features
Mahindra & Mahindra launched the XUV 7XO three-row SUV with pricing between ₹13.66-24.11 lakh, featuring powerful 2.0-litre turbo petrol and 2.2-litre diesel engines that outclass rivals like Tata Safari, Hyundai Alcazar, and MG Hector Plus. The vehicle differentiates itself through advanced technology including AdrenoX+ operating system, ChatGPT-enabled Alexa integration, and music-synchronized lighting, positioning it competitively against segment leaders.
06Jan 26
Mahindra Launches XUV 3XO EV at ₹13.89 Lakh, Targets Mass-Market EV Buyers
Mahindra & Mahindra has launched the XUV 3XO EV starting at ₹13.89 lakh, featuring a 39.4 kWh battery with 285 km range and Level 2 ADAS capabilities. The launch follows strong customer demand for an electric variant of their fastest-selling SUV, with nearly 1.80 lakh units sold since April 2024. Deliveries commence February 23, 2026.
05Jan 26
Mahindra XUV 7XO Officially Launched at ₹13.66 Lakh with ₹415 Crore Investment
Mahindra & Mahindra has officially launched the XUV 7XO SUV starting at ₹13.66 lakh (ex-showroom) with a total investment of ₹415 crore funded through internal accruals. The launch introduces five pioneering tech disruptions including the world's first DAVINCI suspension system, India's first ICE SUV with coast-to-coast triple screen display, and integrated Dolby Atmos and Vision experience. The vehicle will be manufactured at the Chakan facility with 120,000 units annual capacity, with bookings and deliveries starting January 14, 2026.
02Jan 26
Mahindra Group CEO Anish Shah Sets Strategic Vision for 2026 with 'Think Big, Execute Flawlessly' Message
Mahindra Group CEO Anish Shah has outlined a strategic vision for 2026, urging employees to 'think big, do less, and execute flawlessly' while maintaining collaborative and agile approaches. Using the banyan tree analogy, he emphasized staying rooted in core values during growth phases. Despite facing unprecedented uncertainty in 2025, Shah credited employees for helping deliver strong results across all business units, reinforcing the group's resilience mantra.
02Jan 26
Mahindra Lifespace Developers Incorporates Wholly Owned Subsidiary in Mumbai
Mahindra Lifespace Developers has incorporated a wholly owned subsidiary called Mahindra Blossom Developers Limited in Mumbai. This corporate development expands the company's organizational structure and establishes a dedicated entity in Mumbai's strategic real estate market. The new subsidiary operates under complete ownership and control of Mahindra Lifespace Developers.
31Dec 25
Anand Mahindra Envisions 'Gold Collar' Skills Revolution in New Year Message to Employees
Anand Mahindra's New Year message celebrates Mahindra Group's record-breaking performance across SUV, farm equipment, and electric vehicle segments while introducing his vision of AI transforming blue-collar work into premium 'gold collar' careers. The Chairman emphasized the Group's evolution from dependable manufacturer to future-ready innovator, announcing his leadership role at Young India Skills University and significant investments in Mahindra University to position India as a global talent leader.
31Dec 25
Tech Mahindra Schedules Q3 FY25 Results Announcement for January 16
Tech Mahindra has scheduled the announcement of its third quarter financial results for January 16. This corporate disclosure will provide stakeholders with important insights into the company's quarterly performance and financial health. The scheduled announcement follows standard quarterly reporting practices and offers investors transparency in the company's operational progress.
30Dec 25
Half of cars sold in South Africa have India connection: Report
Market intelligence firm Lightstone reports that half of cars sold in South Africa in 2025 have India connections, with 49% of passenger vehicles imported from India in the first five months. Mahindra leads through its Pikup series, while 84% of Japanese-branded vehicles sold were manufactured in India, primarily by Maruti Suzuki operations. This represents a dramatic increase from 5% Indian market share in 2009, driven by lower manufacturing costs and established production capabilities.
29Dec 25
Mahindra CEO Anish Shah Bets Big on EVs Over Hybrids
Mahindra & Mahindra Group CEO Anish Shah announced the company's exclusive focus on electric vehicles, rejecting hybrid technology. The strategy centers on 'Born Electric' platforms, designed specifically for electric powertrains. Shah highlighted advantages of this approach, including superior vehicle dynamics, enhanced safety, reduced complexity, lower operating costs, and less maintenance. The company's BE6 Batman Edition SUV sold out rapidly, demonstrating market interest. Mahindra's strategy contrasts with competitors who maintain hybrid options. Shah believes the temporary advantages of hybrids will diminish as charging infrastructure improves.
26Dec 25
Mahindra XUV 7XO Launch Set for January 5, 2026: Features 540-Degree Camera and In-Car Theatre Mode
Mahindra announces the XUV 7XO launch for January 5, 2026, featuring advanced 540-degree camera system and in-car theatre mode. The SUV includes triple-screen dashboard, 16-speaker Harman Kardon audio, and comprehensive design updates with expected pricing around ₹15.00 lakh. Pre-bookings are currently open with engine options expected to include 2.0-litre turbo petrol and 2.2-litre diesel variants.
24Dec 25
MMFS Shares Rally 27% on Strong Q2 Performance and Margin Expansion
Mahindra & Mahindra Financial Services (MMFS) stock has risen 27% in three months, outperforming the ET NBFC index. The surge is attributed to robust Q2 results, particularly in auto financing. MMFS saw a 13% YoY AUM growth and improved net interest margin to 7%. Analysts project continued growth with RoA expected to reach 2.2%-2.5% in the medium term. Brokerage firms have upgraded target prices, with PL Capital setting ₹375 and Motilal Oswal maintaining a buy rating with a ₹400 target.
23Dec 25
Tech Mahindra Partners with Noida International Airport to Strengthen Network and Cybersecurity Infrastructure
Tech Mahindra has formed a strategic partnership with Noida International Airport to enhance the airport's network infrastructure and cybersecurity operations. The collaboration aims to establish robust digital infrastructure supporting operational requirements while ensuring enhanced security protocols. This partnership focuses on delivering comprehensive network and cybersecurity solutions, positioning Tech Mahindra as a key technology partner for major infrastructure projects in India.
15Dec 25
Tech Mahindra Sets Up Yabx Technologies in Zambia
Mahindra & Mahindra has established Yabx Technologies Zambia Limited, a new subsidiary focused on providing programming services within Zambia. This strategic move aims to strengthen the company's presence in African markets and cater to the growing demand for digital solutions in the region. The subsidiary will leverage Mahindra & Mahindra's expertise to deliver customized technology services aligned with local market needs.
11Dec 25
Citi Maintains SELL Rating on Tech Mahindra with Target Price of ₹1,290
Citi Research has maintained its SELL rating on Tech Mahindra with a target price of ₹1,290. The continued bearish recommendation reflects the brokerage's cautious outlook on the IT services company's stock performance. This maintained rating indicates Citi's view that the stock may be overvalued at current market levels relative to the ₹1,290 target price.
11Dec 25
Mahindra & Mahindra ESG Rating Corrected to 74 in Latest Assessment
Mahindra & Mahindra has disclosed an ESG rating of 74 assigned by NSE Sustainability Ratings Analytics Limited for FY2024-25. The rating was conducted independently based on publicly available data, and the company has informed all relevant stock exchanges including NSE, BSE, Luxembourg Stock Exchange, and London Stock Exchange as per regulatory compliance requirements.
10Dec 25
Tech Mahindra's Comviva Group Establishes Yabx Technologies Tanzania to Expand African Operations
Tech Mahindra's Comviva Group has established Yabx Technologies Tanzania as a step-down subsidiary to expand software and analytics services across Africa. This strategic initiative positions the company to capitalize on Africa's growing digital economy while providing localized services through a dedicated regional platform. The subsidiary structure enables operational flexibility and localized decision-making while maintaining alignment with Tech Mahindra's global objectives.
08Dec 25
Mahindra & Mahindra Reports November 2025 Production and Sales Figures
Mahindra & Mahindra Limited has submitted its monthly production, sales, and export figures for November 2025 to multiple stock exchanges including NSE, BSE, Luxembourg, and London. The report includes consolidated data from subsidiary companies such as Mahindra Electric Automobile Limited, Mahindra Last Mile Mobility Limited, and SML Isuzu Ltd. It covers various vehicle categories including passenger vehicles, commercial vehicles, three-wheelers, two-wheelers, and exports. The figures are pending independent verification and audit.
08Dec 25
Mahindra Unveils XUV 7XO: A New Chapter in Premium SUVs
Mahindra & Mahindra has announced its latest premium SUV, the XUV 7XO, building on the success of the XUV700 which has over 300,000 owners. The new model, set for world premiere on January 5, 2026, promises superior design, advanced technology, enhanced comfort, and improved performance. The XUV 7XO aims to reinforce Mahindra's leadership in the premium SUV segment, leveraging the strengths of its predecessor while meeting evolving consumer demands in the competitive Indian SUV market.
04Dec 25
Mahindra & Mahindra Divests 3.6% Stake in CIE Automotive for €119 Million
Mahindra & Mahindra (M&M) has sold its 3.6% stake in CIE Automotive S.A. through its Mauritius-based subsidiary. The transaction generated approximately €119 million (₹1,200 crore) for M&M. This divestment could potentially enhance M&M's liquidity, provide funds for new investments, reduce debt, or support research and development initiatives in the automotive sector.
03Dec 25
CARE Ratings Reaffirms AAA Rating for Mahindra & Mahindra's ₹2,173 Crore Bank Facilities
CARE Ratings has reaffirmed its 'AAA' rating with a stable outlook for Mahindra & Mahindra Limited's bank facilities totaling ₹2,173.17 crore. The rating reflects M&M's market leadership across multiple segments, robust financial performance, and strong balance sheet. M&M maintains top positions in tractors, utility vehicles, and light commercial vehicles. The company reported increased total operating income, EBITDA, and net profit. With a cash reserve of ₹30,829 crore and improved gearing ratio, M&M remains net debt-free. Strategic initiatives include acquiring a stake in SML Isuzu Limited and planned investments of ₹37,000 crore over three years for electric platforms and expansion.
01Dec 25
Mahindra & Mahindra Reports Mixed November Sales: Auto Lags, Tractors Surge
Mahindra & Mahindra's November 2025 sales show mixed results. Auto sales grew 17.20% year-on-year to 92,670 units but fell short of the 96,060 estimate. Tractor sales outperformed, growing 32.00% to 44,048 units, surpassing the 36,450 estimate. The auto segment faced challenges while strong agricultural demand boosted tractor sales.
01Dec 25
Tractor Industry Surges Over 15%, Mahindra & Mahindra Poised to Benefit
The Indian tractor industry has shown exceptional growth, recording over 15% increase against initial projections of 0-5%. This surge is primarily driven by strong retail demand from Southern India (Andhra Pradesh and Telangana) and Western India (Maharashtra). The unexpected boom is likely to benefit major players like Mahindra & Mahindra. This growth trend indicates a positive outlook for the agricultural sector, rural economy, and potentially the manufacturing sector.
01Dec 25
SML Isuzu's November Sales Soar 102% Year-on-Year
Mahindra & Mahindra's SML Isuzu division achieved remarkable sales growth in November 2023. The company sold 1,087 units, up from 539 units in November 2022, marking a 102% year-on-year increase. This significant jump in sales indicates strong business momentum for SML Isuzu in the Indian automotive sector.
28Nov 25
Mahindra & Mahindra Invests ₹371.43 Crores for 26% Stake in Gelos Solren, Advancing Renewable Energy Strategy
Mahindra & Mahindra (M&M) has invested ₹371.43 crores to acquire a 26% stake in Gelos Solren Private Limited. The investment aims to meet M&M's captive energy requirements and aligns with its sustainability goals. Gelos Solren plans to develop a hybrid power plant in Maharashtra. The investment represents about 1.05% of M&M's total investments based on its latest financial year data. This strategic move is expected to enhance M&M's energy security, support its sustainability objectives, and ensure compliance with electricity regulations.
27Nov 25
Mahindra & Mahindra Shareholders Approve Appointment of Two New Independent Directors
Mahindra & Mahindra has appointed Ms. Samina Hamied and Mr. Muthu Raju Paravasa Raju Vijay Kumar as Independent Directors through a postal ballot process. Shareholders approved both appointments with high approval rates of 99.56% and 94.15% respectively. The directors will serve from October 7, 2025, to October 6, 2030. This move strengthens M&M's corporate governance structure, bringing fresh perspectives to the board.
27Nov 25
Mahindra Unveils XEV9S: India's First Electric 7-Seater SUV, Starting at ₹19.95 Lakh
Mahindra & Mahindra introduces XEV9S, India's first authentic electric origin 7-seater SUV. Built on the INGLO platform, it offers 6 variants priced between ₹19.95 lakh and ₹29.45 lakh. The SUV features battery options of 59-79 kWh with a maximum range of 500 km. Mahindra plans to invest ₹6,500 crore and increase manufacturing capacity to 120,000 units annually by FY26. Bookings open on January 14, 2026, with deliveries starting January 23, 2026.
21Nov 25
Mahindra & Mahindra Completes Acquisition of Remaining 43% Stake in MBTICM, Simplifying Corporate Structure
Mahindra & Mahindra (M&M) has completed the acquisition of the remaining 43% stake in Mahindra-BT Investment Company (Mauritius) Limited (MBTICM) from BT Holdings Limited for Rs. 66.33 crores. The transaction involves 51,08,400 equity shares at USD 1.4626 per share. This acquisition increases M&M's ownership in MBTICM from 57% to 100%, making it a wholly-owned subsidiary. The move is part of M&M's strategy to simplify its corporate structure and improve operational efficiency. M&M plans to pursue the liquidation of MBTICM in the future.
20Nov 25
Mahindra & Mahindra Shares Worth Rs. 88.61 Crores Traded in NSE Block Deal
Mahindra & Mahindra witnessed a significant block trade on the National Stock Exchange involving 236,407 shares. The transaction was valued at Rs. 88.61 crores, with shares priced at Rs. 3,748.30 each. This block deal indicates substantial institutional or bulk investor activity in M&M's stock. The company is scheduled to hold a Mahindra Group Investor Day in Mumbai, as per their recent LODR filing.
18Nov 25
Mahindra & Mahindra Shares See Significant Block Trades Worth Rs. 269.21 Crores
Mahindra & Mahindra (M&M) experienced significant block trades on the National Stock Exchange (NSE), totaling 727,288 shares valued at Rs. 269.21 crores. The trades occurred within a price range of Rs. 3,701-3,702 per share. M&M recently participated in the CLSA 28th India Forum 2025 in Mumbai, meeting with various funds and investors. The company shared a previously disclosed presentation and emphasized that no unpublished price-sensitive information was shared during the conference.
14Nov 25
Kotak Mahindra Bank to Consider Stock Split Proposal on November 21
Kotak Mahindra Bank's board will meet on November 21 to consider splitting its equity shares, currently valued at Rs 5 per share. This would be the bank's first stock split since 2010. The potential split aims to improve share affordability, enhance liquidity, and broaden the investor base. The final decision and details are yet to be announced.
13Nov 25
M&M Expands Motorsport Presence: Acquires Stake in Mahindra Racing UK
Mahindra & Mahindra (M&M) has acquired a stake in Mahindra Racing UK, strengthening its position in global motorsport. The acquisition aims to leverage engineering expertise, enhance brand visibility through Born Electric (BEV) livery on racing cars, and boost M&M's presence in international racing circuits, particularly in Formula Electric World Championships. Mahindra Racing UK will become a wholly owned subsidiary of Mahindra Overseas Investment Company (Mauritius) Limited, a subsidiary of M&M. Mahindra Racing UK's revenue from operations for the year ended 31st March 2025 was Rs. 357.56 crore.
13Nov 25
Mahindra and Manulife Form 50:50 Life Insurance Joint Venture in India
Mahindra & Mahindra Ltd. (M&M) and The Manufacturers Life Insurance Company (Manulife) have agreed to establish a 50:50 joint venture life insurance company in India, pending regulatory approval. Each company will invest up to Rs 3,600 crores over ten years, with an initial investment of Rs 1,250 crores each in the first five years. The venture aims to leverage M&M's distribution network in rural areas and Manulife's agency capabilities in urban markets. The joint venture will target both rural and urban customers, capitalizing on India's growing life insurance market, which has exceeded US$20 billion in new business premiums and has been growing at a 12% CAGR over the past five years.
10Nov 25
Mahindra & Mahindra Completes ESOP Transfer to Employees on December 23
Mahindra & Mahindra has completed another round of equity share transfers to employees under its ESOP scheme on December 23, 2025. The transfer involved multiple employees exercising their stock options, with the company maintaining full regulatory compliance and transparency by notifying all relevant stock exchanges including international ones.
08Nov 25
Mahindra & Mahindra Reports Strong October Sales Growth and Quarterly Performance
Mahindra & Mahindra's total sales increased by 24.8% year-on-year to 1.18 lakh units in October, with production up 5.7% to 94,637 units. The company's quarterly revenue rose 21.3% to Rs 33,421.60 crore, with net profit up 18% to Rs 4,520.52 crore. SML Mahindra Ltd, in which Mahindra & Mahindra recently acquired a 58.96% stake, reported a 36% increase in sales to 995 units and a 27% increase in production to 1,206 units for October.
07Nov 25
Mahindra & Mahindra Reports Robust Q2 Performance with 28% Profit Growth Across All Segments
Mahindra & Mahindra (M&M) posted strong Q2 results with consolidated profit up 28% year-over-year. The farm business led with 54% profit growth and 32% increase in tractor volumes. Auto segment saw 14% profit growth despite GST transition challenges. Electric SUV penetration reached 8.7% with 30,000 units sold. Mahindra Finance and Tech Mahindra showed 45% and 35% profit growth respectively. M&M completed SML acquisition and maintained strong cash flow despite significant capital expenditure.
06Nov 25
Mahindra Group Aims for Global Top 50, Reports Strong Growth Across Segments
Mahindra & Mahindra announced its goal to become one of the world's top 50 most admired companies. The company reported significant year-on-year growth across divisions, with farm division profits up 54%, Mahindra Finance up 45%, and auto exports increasing by 40%. M&M has allocated ₹30,000-40,000 crore for capital expenditure and R&D over the next three years. The company revised its growth projections, notably increasing tractor segment guidance from 5-7% to 10-12%. M&M expects its Return on Equity to remain steady at around 18%.
05Nov 25
Mahindra & Mahindra Exits RBL Bank, Sells 3.45% Stake for ₹682 Crore
Mahindra & Mahindra (M&M) has sold its entire 3.45% stake in RBL Bank for ₹682 crore through a block deal. The sale price was set at ₹317.00 per share, a 2.1% discount to the current market price. M&M had initially invested ₹417.00 crore in July 2023 at ₹197.00 per share, resulting in a 64% return on investment in about 14 months. This exit aligns with M&M's earlier statements about not planning further investments in RBL Bank, having achieved its goal of understanding the banking sector better.
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 1,234 Equity Shares to Employee Under Stock Option Scheme
Mahindra & Mahindra continues its employee stock option program with the latest transfer of 1,234 equity shares to Jitendra Save on January 7, 2026. This follows an earlier October 2025 transfer of 18,844 shares to 44 employees, demonstrating the company's ongoing commitment to employee welfare and aligning workforce interests with corporate performance through its Employee Stock Option Scheme.
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.
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