Mahindra Group

Mahindra looks to bolster play in core SUV, electric vehicle segments

Mahindra & Mahindra plans to stick to its strategy of offering premium and differentiated vehicles, comprising internal combustion engine-powered SUVs and electric vehicles, in order to further strengthen its presence in the domestic passenger vehicle segment, according to a top company executive. The Mumbai-based auto major has no immediate plans to introduce CNG and other alternate fuel technologies in its product range as it wants to stick to its core brand identity and cater to a customer base which seeks differentiated products. "Our focus has been ICE and electric, and we are fairly growing in these areas. In our personal vehicle portfolio, the customers want to have differentiated products; they do not want to be in the mass market," Mahindra & Mahindra President - Automotive Business R Velusamy told PTI in an interaction. He noted that the company remains firmly focussed on the SUV segments with plans to drive in multiple models over the next four years. The automaker,

Mahindra Holidays eyes to open first luxury Signature Resort in FY27

Mahindra Holidays & Resorts India Ltd expects to open the first property under its luxury leisure hospitality brand 'Mahindra Signature Resorts' in the later part of FY27, according to its Managing Director & CEO Manoj Bhat. The company, which last week announced plans to enter the luxury leisure hospitality segment, has earmarked an investment of Rs 1,000 crore for the same. With its foray into the leisure hospitality segment, Mahindra Holidays & Resorts India Ltd (MHRIL) has increased its total number of targeted rooms to 12,000 by FY30, across the new and existing vacation ownership businesses, from the previously announced 10,000 keys. "The first location will be at Theog in Himachal Pradesh, and then we are looking at two to three priority regions. One is north India...then we are looking at one or two destinations in the south and a couple of destinations in Maharashtra right now," Bhat told PTI. He was responding to a query on the expansion plans for Mahindra ...

Mahindra, Embraer to introduce C-390 Millennium military aircraft in India

Mahindra Group on Friday said it has inked a pact with Embraer Defense & Security for introduction of C-390 Millennium military transport aircraft in India. Embraer Defense & Security and Mahindra Group have signed a landmark strategic cooperation agreement (SCA) to advance the C-390 Millennium solution for the Indian Air Force's Medium Transport Aircraft (MTA) programme, the Mumbai-based Mahindra Group said in a statement. This agreement was inked alongside the inauguration of Embraer's national office in Aerocity, New Delhi. The agreement builds upon the memorandum of understanding signed in February 2024 at the Embassy of Brazil in New Delhi, deepening the scope of cooperation to include joint marketing, industrialisation and developing India as a hub for the C-390 Millennium. Since the signing, the C-390 Millennium aircraft has further increased its operator base globally. Embraer and Mahindra Group will work closely with stakeholders in the country and engage with India's

Mahindra Lifespace buys 13.46-acre Pune land for ₹3,500 cr housing project

Realty firm Mahindra Lifespace Developers Ltd has acquired a 13.46-acre land in Pune to develop a housing project worth Rs 3,500 crore. In a regulatory filing late Friday, the company informed that it has acquired the land "in the premier neighbourhood of Nande-Mahalunge in Pune." Mahindra Lifespace, a part of Mahindra Group, did not disclose the name of the seller and also the deal value. The land is estimated to yield a development potential of about Rs 3,500 crore, it said. On Friday, the company also announced that it will redevelop four housing societies at Malad (West) in Mumbai. The company is expecting a revenue of Rs 800 crore from the sale of free area in these four societies. "Spread across about 1.65 acre, the project offers a development potential of Rs 800 crore," it said. Mahindra Lifespace's development footprint spans 49.26 million square feet (saleable area) of completed, ongoing and forthcoming residential projects across seven Indian cities. It has over 5,000

Mahindra Lifespaces to redevelop four Malad societies, eyes ₹800 crore

The project spans 1.65 acres in Malad (West) and marks Mahindra Lifespaces' deeper push into Mumbai's booming redevelopment market

From Hyundai to Tata Motors, here's how much cheaper cars get under GST 2.0

Hyundai, Tata Motors, Mahindra, Maruti and Renault have announced steep cuts across cars and CVs, with reductions ranging from ₹30,000 to ₹4.65 lakh from September 22

Mahindra scouts land for new plant, aims to expand service network

Mahindra & Mahindra is scouting for a land parcel to set up a greenfield manufacturing plant to ramp up production to cater to the domestic and export markets, according to a senior company executive. The Mumbai-based auto major has unveiled its all-new modular, multi-energy NU IQ platform that will support a new range of SUVs, with the first product roll-out expected in 2027. The multi-energy platform has been engineered to address untapped white spaces across India and global markets. The new platform is in addition to the company's already announced product pipeline on existing platforms. In an interaction with PTI, Mahindra & Mahindra Auto Division CEO Nalinikanth Gollagunta said the company is looking to scale up production capacity at its Chakan-based plant by 2.4 lakh units. "We'll need more capacity than that. So, we are in the process of finding sites where we can put out a greenfield additional capacity," he noted. When asked about the expected timelines to set up ...

Mahindra CEO & MD Anish Shah says constructive dissent strengthens company

Eleven years ago, just a month into his tenure at the Mahindra Group, Anish Shah said no to a proposal that his billionaire boss, Anand Mahindra, was planning to take to the board. Shah's viewpoint prevailed, and the board ultimately rejected the proposal. Today, as Group CEO and MD, Shah considers a 'no' from a junior colleague not as dissent, but as a valuable gift. Shah, who became the chief executive officer of the Mahindra Group in April 2021, is often regarded as a "people's CEO" - someone who values constructive dissent and seeks out employees who prioritise the company above all else. In an interview with PTI Videos, Shah credits Group Chairman Anand Mahindra for creating an empowering and open environment within the group. He said most people have misconceptions about CEOs that everything can be done "through power", but a good leader will get things done because others want to do it. "We feel that empowering leaders really helps create a very good balance because if ...

Leadership, talent strategy to drive Tech Mahindra's global ambition: CEO

The new leadership, along with the steps being undertaken to nurture internal talents, will make Tech Mahindra not just a world-leading entity but also a world-beating organisation, a top company official has said. Tech Mahindra has restructured its global operations following the exit of some of its employees after the succession of the CEO role to Mohit Joshi, who has been with the company since its founding and is one of the longest-serving chief executives in the IT industry, CP Gurnani. "Our talent is the engine driving Tech Mahindra's transformation. We are doing what it takes to make TechM not just a world-leading, but a world-beating organisation, whether that means creating new roles, nurturing internal talent, or bringing in bold new leadership," Joshi told PTI in an email interview. The company has appointed new leaders for several verticals and elevated internal senior employees between August 2023 and June 2025 to lead key divisions at the organisation in global ...

M&M to pursue engineering actions to address rare earth shortage: CFO

Mahindra & Mahindra plans to manage rare earth magnet supplies through alternative sourcing channels for the next nine months and will pursue 'engineering efforts' to address the raw material shortage situation amid growing product portfolio, according to a senior company executive. The imposition of export restrictions by China on key rare earth magnets has resulted in supply chain bottlenecks, impacting the user industries, including the auto and electronics sectors. The magnets are essential components across sectors like automobiles, household appliances, and renewable energy. "Basis, all the actions we have taken, FY26 is more or less managed. We have to now work on some medium and long term actions," Mahindra & Mahindra (M&M) Group Chief Financial Officer Amarjyoti Barua told PTI in an interaction. The company has taken steps to build inventory through alternative sources to take care of the problem, he stated. "It has panned out well for us so far and we do not ...

Mahindra offers one-time Esops to 14,000 staff, includes factory workers

In a first, Mahindra grants Esops as reward for long-term contribution amid strong Q1 results and surge in SUV and tractor sales

M&M Q1 PAT rises 24% to ₹4,083 crore on strong auto volume growth

Auto volumes rise 17 per cent, SUV market share improves 570 bps to 27.3 per cent, while farm and services also report healthy margins and profits in Q1FY26

M&M Financial share drops 3% on mixed Q1 nos; should you buy, sell or hold?

At 9:20 AM, Mahindra & Mahindra Financial Services share was trading 1.75 per cent lower at 260.95. In comparison, BSE Sensex was up 0.30 per cent at 82,429.66 levels

Reliance, Adani, Mahindra among top firms in ₹60k cr govt ITI upgrade plan

The Ministry of Skill Development and Entrepreneurship plans to modernise 1,000 ITIs, train two million youth in five years, and align vocational education with industry needs in a hub-and-spoke model

Tech Mahindra Q1 profit up 34% at ₹1,140 crore, revenue rises 2.7%

Revenue for the quarter increased 2.7 per cent to ₹13,351 crore, helped by communications and banking financial services and insurance (BFSI) business

Mahindra Logistics to raise up to ₹750 crore through rights issue

Mahindra Logistics, a Mahindra Group company, plans to raise up to ₹750 crore through a rights issue to repay borrowings and for general corporate purposes

Mahindra BE 6, XEV 9e Pack Two EV deliveries to start by July-end

BE 6 and XEV 9e Pack Two models to feature a new 79 kWh battery option with a 500 km range, Level 2 ADAS, fast charging and expanded connected car features

PVs experience bumpy H1 ride; wholesales decline 6.4% in June to 320K units

In June, overall industry volumes dipped. According to industry estimates, wholesales fell 6.4 per cent to 320,000 units

Mahindra Lifespace buys 9-acre land parcel in Bengaluru for ₹199 crore

Realty firm Mahindra Lifespace Developers Ltd has acquired around 9 acre land in Bengaluru for nearly Rs 200 crore to develop a housing project. The company has acquired a company named Shreyas Stones Pvt Ltd (SSPL), which owns 8.79 acre land parcel in Bengaluru. In a statement on Monday, Mahindra Lifespace Developers said it has "signed a Share Purchase Agreement (SPA) with SSPL, whereby the shareholders of SSPL have agreed to sell their entire stake (100 per cent of the equity shares)." The company will acquire 10,000 equity shares, having face value of Rs 10 each, for Rs 199 crore. "This acquisition unlocks a premium development opportunity with an estimated Gross Development Value (GDV) of Rs 1,100 crore," the company said. Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers Ltd said, "This acquisition marks a key milestone in strengthening our presence in North Bengaluru, one of the city's most promising real estate corridors." With this parcel adjoining

The times, they are a-changing: Anand Mahindra flags geopolitical flux

Mahindra likens global flux to Samudra Manthan and urges Indian industry to embrace innovation, invest in manufacturing, and act swiftly to capture supply chain realignment