Page 2 - Mahindra

Mahindra names its new 7-seater electric SUV XEV 9s ahead of launch

Mahindra Group on Saturday named its seven-seater electric SUV as XEV 9S. Built on Mahindra's advanced purpose-built INGLO platform, the latest electric SUV from the home-grown automobile major is set for world premier at the 'Scream Electric' event in Bengaluru on November 27, which also will mark one year of Mahindra's all-electric journey and its growing INGLO portfolio, the company said. "Mahindra has officially unveiled the name of its next all-electric SUV-XEV 9S designed to bring together power, presence, and pure electric performance, the XEV 9S marks a new chapter in Mahindra's all-electric evolution," it said in a statement.

Mahindra Lifespace Q2FY26 results: Total income rises to ₹33 crore

Realty firm Mahindra Lifespace Developers Ltd has reported a consolidated net profit of Rs 47.91 crore for the second quarter of this fiscal year. The company had posted a net loss of Rs 14.01 crore in the year-ago period. Total income rose to Rs 33.06 crore during July-September period of 2025-26 fiscal from Rs 15.96 crore in the corresponding period of the preceding year, according to a regulatory filing on Friday. Mahindra Lifespace Developers Ltd's development footprint spans 53.30 million sq ft (saleable area) of completed, ongoing and forthcoming residential projects across seven Indian cities. It also has over 5,000 acres of ongoing and forthcoming projects under development/management at its integrated developments/industrial clusters across four locations. The company is the real estate arm of the large business conglomerate Mahindra Group.

M&M records 26% growth in overall auto sales to over 120K units in October

Mahindra & Mahindra Ltd on Saturday reported a 26 per cent growth in its overall auto sales at 1,20,142 units in October this year. Domestic passenger vehicle sales grew by 31 per cent to 71,624 units in October as compared to 54,504 units in the same month last year, Mahindra & Mahindra Ltd (M&M) said in a regulatory filing. Commercial vehicle sales in the domestic market stood at 31,741 units, registering a growth of 14 per cent, it added. "In October, we achieved SUV sales of 71,624 units, a growth of 31 per cent, which is the highest SUV sales we have clocked ever in a month," M&M CEO, Automotive Division, Nalinikanth Gollagunta said. On the farm equipment business front, M&M said total tractor sales in October were at 73,660 units, as against 65,453 units for the same period last year, up 13 per cent. Domestic tractor sales were at 72,071 units, as against 64,326 units in October 2024, up 12 per cent, it added. Exports for the month stood at 1,589 units, ...

No plan for demerger of auto and tractor businesses, says Mahindra

Mahindra & Mahindra denied reports of a possible demerger, stating that it has no plans to separate its auto and tractor divisions

Mahindra sold more cars than Hyundai in September; Creta records best month

Boosted by GST 2.0 cuts and festive demand, Mahindra overtook Hyundai in September PV wholesale, however, Hyundai's Creta set a new record with 18,861 units, its best-ever monthly sales

E20 petrol is safe but can lower mileage, acceleration: Mahindra Auto CEO

Transport minister Nitin Gadkari, however, on Wednesday said that concerns about E20 are being fuelled by the petroleum lobby

Mahindra's August sales see slight decline; exports increase marginally

The GST on small cars was reduced to 18% from 28%, owing to which the prices of vehicles have dropped significantly, thereby dragging the sales

Mahindra's SUV sales to dealers dip for first time in over 3 years

(Reuters) -India's Mahindra & Mahindra reported its first sales decline over three years in August as the Scorpio SUV maker said it moderated dispatches to dealers as it awaits a government decision on lower consumption tax.

Airbus picks Mahindra Aerostructures to make H125 helicopter main fuselage

Airbus has awarded a contract to Mahindra Aerostructures to manufacture the main fuselage of the H125 helicopters as the aerospace major boosts its Make In India efforts. The latest development comes less than five months after the company awarded the contract to Mahindra Aerostructures Pvt Ltd (MASPL) for manufacturing the main fuselage for H130 helicopters in April. "The production contracts for the H125 and H130 aerostructures to MASPL firmly integrate India into Airbus Helicopters' global value chain, strengthening the country's 'Make in India' initiative," Airbus said in a release on Thursday. Airbus Helicopters has awarded MASPL, as an additional source, the contract to manufacture the main fuselage of the H125 helicopters and the industrialisation will begin immediately at the MASPL facility in Bengaluru, with the first fuselage delivery targeted for 2027, the release said. Financial details were not disclosed. The H125 is one of the world's best-selling single-engine ...

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 ...

Listing a reality, possible in 12-18 months: Classic Legends MD Thareja

The public listing of Mahindra group-backed Classic Legends, the maker of iconic brands Yezdi, Jawa and BSA, is a reality, and a timeline of 12-18 months is a possibility, as it seeks to create a credible mid-market global brand, according to its MD and co-founder Anupam Thareja. The company -- which has an R&D centre for electric vehicles in the UK, supported by the government there -- is ready with its electric motorcycle, but will launch it only when the market is ready, especially in terms of charging infrastructure, he told PTI. When asked if a public listing of Classic Legends is on the distant horizon, Thareja said, "Not at all. In fact, you will be happy and surprised that we just gave stock options...We also have investors in this company. So listing is a reality, and it has nothing to do with unlocking shareholder value. It is the way this is constructed. This is a global company we are creating". Stressing that the company chose to launch the BSA brand first in the UK ..

Mahindra unveils Vision 2027 to expand SUV lineup, target global markets

Mahindra & Mahindra is gearing up to roll out new SUVs to cater to both domestic and export markets as part of its Vison 2027, group CEO and MD Anish Shah said on Friday. Speaking at an event, which showcased company's new platforms and growth strategy, he noted that the automaker has become number one player in SUVs outpacing global giants. "Today, I am honoured to unveil our bold new vision for 2027 that will become the backbone of our next generation of world-beating SUVs, engineered right here in India, for India and the world," Shah stated. He stated that just five years ago the the company set out with bold ambitions to lead, not follow; to disrupt, not be disrupted; to place Indian ingenuity and resilience on the global stage. "From the rugged Thar to the sophisticated XUV700, from the Scorpio's legacy to our BEV electric range, we have transformed challenges into opportunities - outpacing global giants, becoming India's No 1 SUV company, via achieving record growth in SUV .

Mahindra CEO backs India's trade stance amid ongoing US tariff tensions

Mahindra Group CEO and MD Anish Shah has expressed confidence in the government's handling of trade talks with the US, saying he was hopeful of a strong and positive outcome for the country from the dialogue. With just a day left before his 25 per cent reciprocal trade tariffs take effect, US President Donald Trump is doubling down on his threat to impose even higher duties on India, accusing it of funding Vladimir Putin's war in Ukraine through continued purchases of Russian oil. "For us, it is not very material," he said on the impact of US tariffs on the Mahindra group," said Shah in an interview with PTI Videos. Shah, who leads the USD 25 billion SUVs-to-software conglomerate, said the Indian government has always kept the overall interest of the country in mind and operated in a way that could get a good solution. Indian officials continue to negotiate with the US for a bilateral trade deal by October/November and see the higher duties on the country's exports to the US as a .

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 & Mahindra vehicle sales rise 26% to 83,691 units in July

Mahindra & Mahindra on Friday posted a 26 per cent year-on-year increase in total sales at 83,691 units in July, as compared to 66,444 units in the same month last year. In the utility vehicles segment, the Mumbai-based automaker sold 49,871 units in the domestic market, a growth of 20 per cent, as compared to 41,623 units in July last year. "Our SUV growth has been supported by the recent launch of XUV 3XO 'REVX' Series & the commencement of deliveries for Pack two variants of the BE 6 and XEV 9E models, Mahindra & Mahindra (M&M) CEO Automotive Division Nalinikanth Gollagunta said. The company said its tractor sales in the domestic market stood at 26,990 units last month, as against 25,587 units in July 2024, a growth of 5 per cent. Total tractor sales (domestic and exports) last month were at 28,708 units, as against 27,209 units for the same period last year. "This performance was driven by sustained land preparation activities, supported by robust cash flows in ...

Mahindra Lifespaces' Q1 FY26 profit grows multiple times to ₹51 crore

Mahindra Lifespaces reports a sharp rise in Q1 FY26 profit to Rs 51 crore, despite a significant drop in revenue. The company adds Rs 3,500 crore to its development portfolio

Mahindra Industrial Park, Sumitomo Corp sign strategic deal with Osaka govt

Mahindra Industrial Park Chennai and Sumitomo Corporation sign a strategic deal with Osaka Prefecture to enhance Japanese investments, positioning Tamil Nadu as a preferred manufacturing destination

Mahindra & Mahindra's overall auto sales rise 14% in June at 78,969 units

Mahindra & Mahindra on Tuesday reported a 14 per cent year-on-year increase in its overall auto sales to 78,969 units in June. In the passenger vehicles segment, the company said its utility vehicles sales surged 18 per cent to 47,306 units in the domestic market last month against 40,022 units in the year-ago period, up 18 per cent. Domestic three-wheeler sales stood at 8,454 units, an increase of 37 per cent as compared with 6,180 units in June last year, M&M said in a statement. Total exports increased 1 per cent year-on-year to 2,634 units last month. "The quarter ended on a very positive note for us, marking the highest quarter ever for SUVs," Nalinikanth Gollagunta, Mahindra & Mahindra (M&M) CEO - Automotive Division, said. In the farm equipment sector (FES), the company said its total tractor sales (domestic and exports) rose 13 per cent to 53,392 units in June from 47,319 units a year ago. In the domestic market, tractor sales grew 13 per cent to 51,769 units ..

Mahindra group's top executives witness up to 98% jump in salaries

Anish Shah and Rajesh Jejurikar received pay hikes of up to 98 per cent in FY25 as Mahindra Group delivered strong growth in its automobile and farm sectors

India poised to emerge as global manufacturing powerhouse: M&M Group CEO

India stands uniquely poised to emerge as a global manufacturing powerhouse amid the challenging geopolitical environment, according to Mahindra & Mahindra Group CEO and Managing Director Anish Shah. Addressing shareholders in the group's Annual Report for 2024-25, Shah noted that with its growing infrastructure, young workforce, and favourable policies, India's opportunity to lead the world in manufacturing has never been greater. "The current geopolitical and economic landscape is challenging, with persistent headwinds across continents. Yet, India stands uniquely poised to emerge as a global manufacturing powerhouse," Shah stated. Mumbai-headquartered Mahindra group aspires to be a globally recognised brand and has made significant strides, he noted. "At 80 years, Mahindra remains deeply anchored in its values and steadfast in its commitment to performance, even amid global uncertainty. Our growth is propelled by the India story ... we operate in 70 per cent of the country's ...