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Mahindra Group on Monday named Amit Sinha, currently the Managing Director and CEO of the group's real estate and infrastructure Mahindra Lifespaces Developers Ltd (MLDL), as CEO of its Holidays and Lifespaces sector. However, Sinha's date of appointment has not been announced. The move comes amid the group's strategic focus on Holidays and Lifespaces sectors aimed at accelerating growth and realising operational synergies across these businesses, identified as 'Growth Gems', it said. He will assume the role once a new CEO is appointed at Mahindra Lifespaces, it said, adding that the leadership and reporting arrangements for the relevant businesses will be aligned as part of the implementation of the new sector structure. "Both Holidays and Lifespaces businesses have tremendous potential. As we move into the next phase of growth, we have been evaluating how to harness the synergies between them to further strengthen the growth trajectory," said Anish Shah, Group CEO & MD, Mahindra
Mahindra Tractors, India's No. 1 tractor brand, on Monday announced the pan-India launch of its multi-purpose tractor YuvoTech+ 585 DI V1, and said it will launch seven new tractors and 12 new features, including products from Mahindra's New Tractor range and the Swaraj Protek this fiscal year. "We are launching the YuvoTech+ 585 DI V1 across India following its successful introduction in select markets. Built on our fast-growing YuvoTech platform, this tractor combines advanced technology with robust performance and practical features," Mahindra Tractors Chief Executive Officer Harsh Rai said. The tractor comes with an industry-leading six-year warranty and will be available across Mahindra dealerships nationwide, the company said.
Mahindra & Mahindra (M&M) Ltd on Wednesday reported a 37 per cent increase in total sales, including exports, to 1,06,207 units in June, compared with 77,742 units in the same month last year. The company's domestic SUV sales rose 28 per cent year-on-year to 60,393 units during the month from 47,306 units in June 2025, M&M said in a statement. Commercial vehicle domestic sales stood at 26,076 units in June, registering a 35 per cent year-on-year growth, the statement added. Meanwhile, in a separate statement, the Farm Equipment Business (FEB) of the Mahindra Group reported total tractor sales of 59,935 units in June 2026, up 12 per cent from 53,392 units in the corresponding month last year. Within this, domestic sales logged 12 per cent growth year-on-year to 58,177 units from 51,769 tractors in June 2025, it said. "While it is early to assess the full impact of emerging El Nino conditions, strong government interventions like sustained fertiliser subsidies and targeted ..
Mahindra and Manulife insurance joint venture (JV) has got a certificate of incorporation from the Ministry of Corporate Affairs. Following the approval, Mahindra Manulife Insurance Ltd (MMIL) has come into existence, a joint statement said on Monday. The venture brings together Mahindra's strong presence in India with Manulife's global expertise to build a simple, customer-first, AI-native and digitally led life insurer, it said. By combining the extensive distribution reach of Mahindra with Manulife's strengths in product innovation, underwriting, and agency-led distribution, MMIL will focus on policyholder protection and offer holistic, need-based financial solutions, it said. MMIL aims to address India's large protection gap through a range of long-term savings and protection products, with a strong focus on rural and semi-urban markets while building leadership in protection solutions for urban customers, it said. The partnership combines Mahindra's wide distribution reach wi
Mahindra & Mahindra Ltd on Monday reported a 20 per cent year-on-year growth in total vehicle sales to 99,636 units in May, including exports. In the utility vehicle segment, the company sold 58,021 units in the domestic market, up 11 per cent from the year-ago period. Total UV sales, including exports, stood at 59,573 units. Domestic sales of commercial vehicles rose 19 per cent to 24,079 units, the company said in a regulatory filing. Nalinikanth Gollagunta, CEO, Automotive Division, M&M Ltd, said, "In May, we achieved SUV sales of 58,021 units, a growth of 11 per cent and total vehicle sales stood at 99,636, a 20 per cent YoY growth. The sustained demand across our portfolio continues, constrained by supply chain challenges due to manpower shortages at select suppliers.
Realty firm Mahindra Lifespace Developers Ltd's sales bookings rose 21 per cent to Rs 3,405 crore last fiscal on better demand for its residential properties. Its sales bookings or pre-sales stood at Rs 2,804 crore in the 2024-25 fiscal. In its housing business, the fund collection from customers increased to Rs 2,107 crore last fiscal from Rs 1,831 crore in 2024-25. Most of the listed real estate developers performed well during the last fiscal in terms of sales bookings, even though there has been a slowdown in the pre-sales of the overall market because of a sharp rise in the price post COVID pandemic. Lower supply in the affordable and mid-income housing segments also contributed to the sluggish pre-sales. In the real estate sector, the sales bookings are an important operational metrics. The company recognises revenues on either percentage of completion method or when the entire project gets completed. On Tuesday, Mahindra Lifespace reported a 6 per cent increase in its ...