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Mahindra & Mahindra presents at BOFA 2026 India Conference

Mahindra & Mahindra presented its Q4FY26 analyst deck at the BOFA 2026 India Conference in Mumbai on June 2, 2026. The company confirmed no unpublished price sensitive information was shared.

02Jun 26

Mahindra auto sales rise 20% in May, tractors up 22%

Mahindra & Mahindra announced total vehicle sales of 99,636 units in May 2026, a 20% year-on-year increase, driven by strong utility vehicle and commercial sales. The Farm Equipment Business reported a 22% rise in total tractor sales to 49,695 units, with domestic sales growing 23%. The Trucks and Buses segment also grew 18% to 3,129 units despite industry challenges.

02Jun 26

Mahindra & Mahindra to attend Citi India Conference 2026

Mahindra & Mahindra has scheduled a meeting with analysts and institutional investors at the Citi India Conference 2026 in Mumbai on June 5, 2026. The physical session, set for 11:00 a.m. to 02:00 p.m. IST, is open to funds and investors. The company confirmed that no unpublished price sensitive information will be disclosed during the event.

31May 26

Mahindra & Mahindra incorporates life insurance JV with Manulife

Mahindra & Mahindra Limited and Manulife Holdings (Bermuda) Limited have incorporated Mahindra Manulife Insurance Limited (MMIL) as a 50:50 joint venture. The entity received its Certificate of Incorporation on May 29, 2026, with an authorized and paid-up capital of ₹1 crore. MMIL will operate in the life insurance sector, leveraging Mahindra's distribution reach and Manulife's global expertise to address India's protection gap.

28May 26

Mahindra & Mahindra declares Rs 33 dividend for FY26

Mahindra & Mahindra Limited has announced a dividend of Rs 33 per share for the financial year ended March 31, 2026, pending approval at the AGM on July 30, 2026. The company outlined TDS regulations, specifying a 10% rate for residents with valid PAN and higher rates for non-compliance. Non-residents face a 20% withholding tax, with options for DTAA benefits upon submission of valid documentation. Key compliance deadlines include a record date of July 3, 2026, and a document submission deadline of June 26, 2026.

22May 26

Mahindra & Mahindra Records ₹50.60 Crores Block Trade on NSE at ₹3110.60 Per Share

Mahindra & Mahindra witnessed a notable block trade on the NSE involving approximately 1,62,660 shares at ₹3110.60 per share, aggregating to ₹50.60 crores. Such large-volume transactions are typically associated with institutional investors and are reported separately to ensure market transparency.

21May 26

M&M Transfers 33,104 Shares to Grantees

Mahindra & Mahindra transferred 33,104 equity shares to 35 grantees on May 21, 2026, via its Employees' Stock Option Trust pursuant to its ESOP scheme. The disclosure, reference M&M/SEC/2026-27/032, was signed by Company Secretary Sailesh Kumar Daga and sent to NSE, BSE, Luxembourg, and London Stock Exchanges.

21May 26

M&M Appoints Purnima Lamba as Chief Brand Officer

Mahindra & Mahindra has appointed Ms. Purnima Lamba as Chief Brand Officer, effective September 1, 2026. She will lead the corporate brand and communications strategy, ensuring alignment with the Group's values. Lamba joins from Unilever with 25 years of global experience in senior leadership roles.

15May 26

M&M Subsidiary Sells Remaining 3.58% Stake in CIE Automotive

Mahindra & Mahindra announced that its subsidiary, Mahindra Overseas Investment Company (Mauritius) Limited, has sold its remaining 3.58% stake in CIE Automotive S.A. for approximately EUR 126 million. Following this sale, MOICML no longer holds any shares in CIE Automotive S.A., which ceases to be its associate. The disclosure was made to stock exchanges on 14th May 2026.

10May 26

Mahindra & Mahindra Reports Production, Sales and Export Figures for April 2026

Mahindra & Mahindra reported total production of 95,276 units and total sales of 92,631 units for April 2026, compared to 87,683 units and 82,281 units respectively in April 2025. Exports rose to 5,007 units from 3,401 units in the same period. The Electric Origin SUV, XUV7XO, and the newly introduced Udo electric three-wheeler were among the key contributors to volume growth. The commercial vehicles segment also saw production climb to 30,197 units and exports surge to 3,492 units in April 2026. The figures are unaudited and subject to revision following an independent audit.

09May 26

Mahindra & Mahindra Files April 2026 Monthly Production, Sales and Export Data

Mahindra & Mahindra's official April 2026 monthly filing reported total production of 95,276 units and sales of 92,631 units, with exports at 5,007 units. The Electric Origin SUV posted sales of 6,023 units, commercial vehicles sales reached 26,401 units, and the farm equipment segment saw domestic tractor sales grow 20% year-on-year to 46,404 units. The trucks and buses business recorded combined sales of 3,011 vehicles, an 11% year-on-year increase.

06May 26

Mahindra & Mahindra Records ₹23.72 Crores Block Trade on NSE at ₹3283.00 Per Share

Mahindra & Mahindra recorded a block trade on the NSE involving approximately 72,240 shares at ₹3283.00 per share, aggregating to a total transaction value of ₹23.72 crores. Block trades of this scale are generally associated with large institutional or high-net-worth participants and are executed outside the regular market order book to limit price impact.

06May 26

Goldman Sachs, CLSA, Jefferies, and Nomura Maintain Bullish Ratings on Mahindra & Mahindra with Target Prices Up to ₹4580

Goldman Sachs, CLSA, Jefferies, and Nomura have all maintained positive ratings on Mahindra & Mahindra, with target prices ranging from ₹4000 to ₹4580. Key positives include a Q4 earnings beat, UV market share of 25.30% (+260 bps YoY), 16 consecutive quarters of double-digit EBITDA growth, and improved EV profitability aided by revised CAFÉ norms. Near-term concerns centre on tractor segment weakness, raw material inflation, and monsoon-related risks, which have led to modest EPS cuts at some brokerages. Long-term EBITDA and earnings growth projections over FY26–28 remain constructive across all four brokerages.

06May 26

M&M FY26 Full Results: Q4 Revenue Rs 395B, EBITDA Rs 55.1B, Rs 33 Dividend Declared

Mahindra & Mahindra reported strong Q4 FY26 standalone net profit of Rs 3,737.27 crores, beating estimates, with FY26 consolidated income from operations at Rs 1,98,638.55 crores. The Board declared a final dividend of Rs 33 per share, and audited results were published in Business Standard and Sakal on 6 May 2026 per Regulation 47 of SEBI LODR. The 80th AGM is scheduled for 30 July 2026.

06May 26

Mahindra & Mahindra Discloses Related Party Transactions for Half Year Ended 31 March 2026

Mahindra & Mahindra Limited disclosed its Related Party Transactions for the half year ended 31 March 2026 on 5 May 2026, as required under SEBI LODR Regulation 23(9). The filing covers over 1,800 line items spanning sales, purchases, investments, inter-corporate deposits, loans, and remuneration across subsidiaries, associates, joint ventures, promoter group entities, and KMPs. Highlight transactions include Rs. 7,069.16 crore in goods sold to Mahindra Electric Automobile Limited, Rs. 1,876.96 crore in purchases from Mahindra Logistics Limited, Rs. 1,046.00 crore invested in Mahindra Electric Automobile Limited, and a Rs. 4,000.00 crore ICD payable balance of Mahindra and Mahindra Financial Services Limited to Life Insurance Corporation of India.

06May 26

Mahindra Exec Confirms 68,000 Units Operational Capacity Addition by End of FY27

A Mahindra & Mahindra executive has confirmed plans to add 68,000 units of operational capacity by the end of FY27, alongside 14,000 units dedicated to FY28 product launches. The dual-target strategy highlights the company's structured approach to scaling manufacturing infrastructure in alignment with its upcoming product cycle.

06May 26

M&M Sets Mid-to-High Teen Growth Aspiration for SUV Segment in FY27

Mahindra & Mahindra has announced a mid-to-high teen growth aspiration for its SUV segment in FY27. The guidance highlights the company's strategic focus on strengthening its position in India's competitive SUV market. No further financial metrics or operational details were disclosed alongside this outlook.

02May 26

Mahindra & Mahindra's Shareholding in MEAL Diluted to 92.45% Following CCPS Conversion

Mahindra & Mahindra Limited's shareholding in its subsidiary Mahindra Electric Automobile Limited (MEAL) has been diluted from 99.99% to 92.45% following the conversion of Compulsorily Convertible Preference Shares held by three investors. The conversion, valued at Rs. 40,425 crore, resulted in the allotment of equity shares to British International Investment Plc, BII India EV LLP, and Jongsong Investments Pte. Ltd. (Temasek). Despite the dilution, MEAL continues to remain a subsidiary of the company.

30Apr 26

Mahindra & Mahindra Launches 100-Day 'Saksham Niveshak' Campaign for Shareholder KYC Updates

Mahindra & Mahindra Limited has launched the 'Saksham Niveshak' campaign, a 100-day initiative running from April 1 to July 9, 2026, following IEPFA and MCA directives dated March 27, 2026. The campaign assists shareholders in updating KYC details and claiming unpaid/unclaimed dividends to prevent IEPF transfer. Shareholders must submit required documents to KFin Technologies Ltd. or directly to the company, while demat shareholders should contact their Depository Participants for KYC updates.

29Apr 26

Mahindra & Mahindra Transfers 4,627 ESOP Shares to Employees

Mahindra & Mahindra Ltd. transferred 4,627 equity shares to 17 stock option grantees on 28 April 2026 pursuant to the exercise of stock options under the company's Employees' Stock Option Scheme. The transfer was executed by the Mahindra & Mahindra Employees' Stock Option Trust in compliance with the undertaking given to the exchanges at the time of listing. Anisha Saluja received the highest allocation of 1,000 shares, followed by Gopalakrishnan D with 686 shares and Sanjeev Trivedi with 531 shares. The company submitted the details to the National Stock Exchange of India Ltd, BSE Limited, Luxembourg Stock Exchange, and London Stock Exchange Plc.

25Apr 26

Mahindra & Mahindra Appoints Ms. Shuchi Suri as Executive Vice President - Mahindra Experiences

Mahindra & Mahindra Limited has appointed Ms. Shuchi Suri as Executive Vice President - Mahindra Experiences, effective 14th May 2026. She brings 22+ years of global experience from Unilever, where she most recently served as Global Vice President for Homecare, managing a multi-billion Euro category across 60+ markets. In her new role, she will oversee Mahindra Adventure and Experiences teams, reporting to Dr. Anish Shah. Ms. Suri is a triple gold medallist from School of Planning and Architecture and holds an MBA from IIM Lucknow.

25Apr 26

Mahindra & Mahindra Executes Novation Agreement for Life Insurance Joint Venture

Mahindra & Mahindra has executed a Novation and Amendment Agreement with Manulife, transferring all rights and obligations from Manulife to its wholly owned subsidiary Manulife Holdings (Bermuda) Limited for their life insurance joint venture. The transaction maintains all original JV terms while completing necessary regulatory compliance and exchange notifications.

23Apr 26

Mahindra & Mahindra Patent Portfolio Expands 20-Fold to 1334 Patents Over Decade

Mahindra & Mahindra has achieved exceptional growth in its patent portfolio, expanding from 56 granted patents to 1334 patents over a 10-year period. This 20-fold increase demonstrates the company's significant investment in research and development activities and strengthens its position as an innovation-focused automotive manufacturer.

23Apr 26

Mahindra & Mahindra Sees Rs. 21.60 Crore Block Trade on NSE

Mahindra & Mahindra Ltd. recorded a major block trade on NSE worth Rs. 21.60 crores involving approximately 70,410 shares at Rs. 3067.90 per share. The transaction represents significant institutional investor activity and demonstrates continued market interest in the automotive major's stock.

22Apr 26

Mahindra & Mahindra Executes Rs. 35.28 Crore Block Trade on NSE

Mahindra & Mahindra Ltd. completed a significant block trade on NSE involving 110,209 shares at Rs. 3201.40 per share, totaling Rs. 35.28 crores. The transaction represents substantial institutional activity and demonstrates continued investor interest in the automotive manufacturer's equity.

21Apr 26

Nomura Maintains Buy Rating on Mahindra & Mahindra with ₹4,662 Target Price

Nomura maintains a Buy rating on Mahindra & Mahindra with ₹4,662 target price, citing sustained SML growth despite margin pressures. The company targets 10-12% medium-term market share through product expansion, new AC bus and ambulance launches, ICV segment entry, and planned EV rollout with e-bus launch in FY27E, supported by anticipated FY27 price hikes.

17Apr 26

Morgan Stanley Maintains Overweight Rating on Mahindra & Mahindra, Cuts Target Price to ₹3,919

Morgan Stanley has maintained its Overweight rating on Mahindra & Mahindra Limited while reducing the target price from ₹4,358 to ₹3,919. The revision reflects concerns about near-term margin pressure from cost inflation, supply-chain risks, and tighter regulations expected in 1QFY27. However, the brokerage remains optimistic about long-term prospects, citing conviction in volume upcycle and gradual cost pass-through mechanisms that support a positive industry outlook.

16Apr 26

Mahindra & Mahindra Executes Rs. 29.52 Crore Block Trade on NSE

Mahindra & Mahindra Ltd. completed a significant block trade on NSE worth Rs. 29.52 crores, involving 92,024 shares at Rs. 3207.60 per share. The transaction represents substantial institutional activity in the automotive sector, demonstrating continued investor interest in the leading automotive and farm equipment manufacturer.

14Apr 26

Mahindra & Mahindra Schedules Q4FY26 Analyst Meet for May 5, 2026 in Mumbai

Mahindra & Mahindra has scheduled its Q4FY26 analyst meet for May 5, 2026, from 3:30 PM to 5:00 PM IST in Mumbai. The hybrid format meeting will allow both physical and virtual participation through a YouTube-based webcast platform, with pre-registration being mandatory. The interactive session will enable participants to pose questions to senior management, while ensuring no unpublished price sensitive information is shared. A replay will be available until June 4, 2026, providing extended access to the content.

11Apr 26

Mahindra & Mahindra Officially Announces Divestment of Turkey Foundry Operations

Mahindra & Mahindra has formally announced the divestment of its entire 99.04% stake in Turkish foundry operations Erkunt Sanayi Anonim Şirketi to Hisarlar Makina and its shareholders. The transaction, formalized through a Stock Purchase Agreement on April 10, 2026, involves a ₹256 crore capital infusion to clear external debt before the expected completion date of July 30, 2026.

10Apr 26

Mahindra & Mahindra Reports Strong 22.4% Growth in March 2026 Sales

Mahindra & Mahindra reported strong March 2026 performance with total sales growing 22.4% to 100,194 units and production increasing 13.2% to 102,701 units compared to March 2025. The utility vehicles segment led growth with notable increases in Thar+Thar Roxx and new XUV7XO models, while electric vehicles showed momentum with Electric Origin SUV sales more than doubling. However, exports declined 6.6% to 4,042 units.

10Apr 26

Mahindra & Mahindra Submits SEBI Compliance Certificate for January-March 2026 Quarter

Mahindra & Mahindra Limited filed its quarterly compliance certificate under SEBI Regulation 74(5) for January-March 2026, submitted on 9th April 2026. The certificate, prepared by registrar KFin Technologies Limited, confirms proper completion of all dematerialization procedures including timely processing of demat requests, securities verification, physical certificate cancellation, and register updates within prescribed timeframes.

09Apr 26

Mahindra & Mahindra Acquires 26% Stake in Neon Hybren for Rs. 11.17 Crores Solar Power Project

Mahindra & Mahindra Limited has approved acquiring a 26% stake in step-down subsidiary Neon Hybren Private Limited for up to Rs. 11.17 crores to develop a 30 MW solar power project in Punjab. The investment ensures compliance with Electricity Rules 2005 requiring captive users to hold at least 26% share capital. Neon, incorporated in May 2024, reported nil revenue and Rs. 10.77 lakhs net worth for FY25. The transaction is expected to complete by December 2026.

08Apr 26

Mahindra & Mahindra Announces Special Window for Physical Share Transfer Re-lodgement

Mahindra & Mahindra Limited published newspaper advertisements on 7th April 2026 announcing SEBI's special window for physical share transfer re-lodgement from 5th February 2026 to 4th February 2027. The window allows investors to re-submit transfer requests originally filed before 1st April 2019 but returned due to documentation issues, with specific eligibility criteria requiring original share certificates. All processed shares will be issued in dematerialized form with a one-year lock-in period.

08Apr 26

Mahindra & Mahindra Transfers 20,516 Equity Shares to Employees Under ESOP Scheme

Mahindra & Mahindra Limited transferred 20,516 equity shares from its Employee Stock Option Trust to 49 employees on April 7, 2026, following stock option exercises under the company's ESOP scheme. The largest allocation of 5,086 shares went to Shriprakash Shukla, while allocations ranged from 25 to 5,086 shares across beneficiaries. The company notified all relevant stock exchanges including NSE, BSE, Luxembourg Stock Exchange, and London Stock Exchange in compliance with listing requirements.

25Mar 26

Mahindra & Mahindra Transfers 55,457 Equity Shares to 67 Employees Under ESOP Scheme

Mahindra & Mahindra transferred 55,457 equity shares to 67 employees through its Employee Stock Option Trust on March 24, 2026. The largest allocation of 16,300 shares went to Amit Kumar Sinha, while the smallest was 25 shares. The company notified NSE, BSE, Luxembourg Stock Exchange, and London Stock Exchange about this ESOP transaction in compliance with listing requirements.

24Mar 26

Mahindra & Mahindra Schedules Board Meeting for May 5, 2026 to Approve Q4FY26 Results

Mahindra & Mahindra Limited has announced a board meeting scheduled for May 5, 2026, to consider and approve audited standalone and consolidated financial results for Q4FY26 and the full financial year ending March 31, 2026. The board will also deliberate on dividend recommendations and matters related to the upcoming Annual General Meeting. In compliance with insider trading regulations, the company has declared a trading window closure from April 1 to May 7, 2026.

24Mar 26

Mahindra & Mahindra Completes Investor Plant Visit on March 23, 2026 in Pune

Mahindra & Mahindra successfully concluded its scheduled investor plant visit on March 23, 2026, at its Pune manufacturing facility. The visit, which was originally scheduled from 02:30 p.m. to 04:30 p.m. IST, actually concluded at 5:00 p.m. IST. The company maintained strict regulatory compliance throughout the event, ensuring no unpublished price sensitive information was shared and only publicly available documents were referenced during discussions.

20Mar 26

CLSA Maintains Outperform Rating on Mahindra & Mahindra Despite Target Price Cut to Rs 4448

CLSA has revised Mahindra & Mahindra's target price to Rs 4448 from Rs 4702 while maintaining its Outperform rating. The brokerage cut FY27/28 EPS estimates by 5-6%, within broader OEM sector cuts of 3-13%, reflecting near-term earnings moderation. Despite the downward revision, CLSA maintains a positive stance on the stock, indicating confidence in long-term prospects.

18Mar 26

Nomura Maintains Buy Rating on Mahindra & Mahindra with Target Price of Rs 4,662

Nomura has maintained its Buy rating on Mahindra & Mahindra with a target price of Rs 4,662, driven by strong FY26 YTD growth of 19% in passenger vehicles, 17% in light commercial vehicles, and 23% in tractors. The brokerage highlighted manageable commodity pressures and positive developments in the EV business, which has achieved EBITDA-positive status with expected PLI benefits from FY27 and volume doubling supporting EBIT breakeven.