Mahindra

Mahindra Group expands Battery-as-a-Service model to entire eSUV portfolio

Mahindra Group on Friday announced the expansion of its Battery-as-a-Service (BaaS) model across its entire eSUV portfolio. Introduced with the launch of the performance-focussed born-electric SUV SPORTEQ, the BaaS model enables customers to finance the vehicle and battery separately through a dual-financing structure. The expanded portfolio now includes all variants of XEV 9S and XEV 9e, besides all variants of BE 6 SPORTEQ, the company said. Under BaaS, customers can pay Rs 11.45 Lakh for the BE 6 SPORTEQ and finance the battery at an effective usage cost of Rs 3.75/km. This significantly lowers the upfront purchase cost while providing customers greater flexibility in managing their monthly outflow. Mahindra said the expansion of the model comes after the company received an overwhelming response from customers across the country, validating the demand for the solutions that lower the barriers to EV adoption. As part of this BaaS programme, the company said XEV 9S now starts a

Mahindra unveils new-gen heavy vehicle with AI-enabled auto drive mode

Mahindra Truck and Bus on Monday launched its new-generation heavy commercial vehicle BLAZO i-TRK, equipped with an AI-enabled automatic drive mode and a 320 HP engine, with the company claiming it delivers up to 10 per cent better fuel efficiency. Unveiling the heavy vehicle range at an event here, the company boasted that the new truck could potentially generate up to Rs 15 lakh in additional profit per vehicle over five years through fuel savings and improved operational efficiency. The entire BLAZO i-TRK range is powered by Mahindra's 7.2-litre mPOWER engine delivering 320 HP and 1,100 Nm torque. The truck features the company's patented artificial intelligence-enabled iFuelSmart automatic drive mode, which continuously analyses road gradients, payload and driving requirements and automatically selects an optimum driving mode to improve fuel efficiency. Mahindra Truck and Bus president Vinod Sahay said India's freight and logistics sector was entering a new phase where technolo

Mahindra & Mahindra to intensify exports with new pickup 'Lifestyler'

Homegrown auto major Mahindra & Mahindra is gearing up to intensify exports with its newly unveiled pickup targeting markets like South Africa, Australia, the Middle East, and Latin America, according to company ED & CEO, Auto & Farm Sectors, Rajesh Jejurikar. The company, which has witnessed a multi-fold increase in its electric passenger vehicles sales last fiscal, is also confident of maintaining the growth trajectory with new products hitting the market, Jejurikar told PTI. Recently, the company unveiled its pickup 'Mahindra Scorpio Lifestyler' which will hit the market in India in April 2027 and it will be launched as the 'Mahindra Lifestyler' in global markets. "The Lifestyler pickup was developed as a global platform for access for mainly leveraging a global opportunity...It is an important part of our global growth strategy. We have been outlining that the 'Lifestyler' will be an important part of our global growth strategy," he said. Sharing which global markets ..

Mahindra Lifespaces signs pact for housing society redevelopment in Chembur

The project covers 11,241.7 square metres across seven plots and involves redevelopment of nine existing buildings housing 133 members within 60 months

Mahindra targets 5% heavy truck share, plans to add 15 dealerships

The company plans to expand its dealership network and leverage SML Mahindra as it targets higher market share in key heavy truck segments

Mahindra family completes ₹500 crore commitment to Mahindra University

Anuradha and Anand Mahindra have contributed M&M shares worth around Rs 300 crore, completing their pledge to support the university's academic and charitable objectives.

Mahindra Group steps up focus on real estate, hospitality for growth

The group stated that over the last five years, it has seen significant momentum across all its businesses, with its 'growth gems' being an important pillar of this growth

Mahindra Group announces Amit Sinha CEO of Holidays and Lifespaces sector

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's EV arm turns unicorn with ₹322 crore funding, IPO on track

Rs 322-crore funding led by Lightrock values Mahindra Last Mile Mobility at Rs 10,822 crore as the company targets a second-half FY27 listing

SML Mahindra eyes new heavy trucks after M&M transfers CV business

Board approves Rs 525 crore acquisition of Mahindra Truck and Bus Division, bringing all commercial vehicle operations above 3.5 tonnes under one listed entity

M&M Q1 preview: Cost pressures likely to dent margins; PAT growth seen flat

M&M, which manufactures SUVs and modern electric vehicles like the Scorpio-N, XUV700, and Thar, will post its Q1 FY27 results on Thursday, July 30.

Mahindra Logistics Q1 results: Net profit at ₹25.39 crore; revenue up 23%

The company reported a consolidated ‌net profit of ₹25.39 crore ($2.63 million) in the first quarter ended June 30 from a loss of ₹10.8 crore a year ago

Mahindra's Chakan plant crosses 3 million vehicle production milestone

The BE 6 electric SUV marked the milestone as Mahindra's Chakan plant produced its latest one million vehicles in 27 months, compared with 107 months for the first million

CAFE-2 penalty waiver: Relief for automakers or setback to India's EV push?

The government has waived ₹2,700 crore in CAFE-2 penalties for some PV manufacturers. Does the step offer a practical reset for automakers, or weaken one of India's key tools for cleaner mobility?

Mahindra launches multi-purpose tractor YuvoTech+ 585 DI V1 across India

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.

M&M total sales jumps 37% to 106,207 units in June on strong demand

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 Lifespaces acquires 15-acre MMR land parcel with ₹5,600 cr GDV

The Mahindra Group firm plans a residential project in Kandivali East with a development potential of 1.8 million sq ft and an estimated GDV of ₹5,600 crore

Mahindra and Manulife insurance JV gets Corporate Affairs Ministry's nod

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 sales up 20% to 99,636 units in May on strong demand

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.

Mahindra group appoints Vimal Agarwal as group chief internal auditor

Mahindra Group has appointed Vimal Agarwal as Group Chief Internal Auditor from July 1, 2026, as the conglomerate sharpens its focus on governance and internal controls