500520

Mahindra & Mahindra Ltd

BSE
Last Traded Price
₹3332.40 -5.60 (-0.17%)
Open
₹3328.00
High
₹3351.00
Low
₹3301.65
Prev Close
₹3338.00
Industry
Automobile and Auto Components
Market Cap
4,14,393.55 Cr

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Filing History

Recent corporate announcements and filings for 500520

Business Update Positive
2026-08-28 16:51
- Mahindra expanded its Battery-as-a-Service (BaaS) program to its entire Electric Origin SUV portfolio, including BE 6 SPORTEQ, XEV 9S, and XEV 9e. - This aims to lower upfront purchase costs and make EV ownership more accessible by separating vehicle and battery financing. - Example: BE 6 SPORTEQ available at ₹11.45 Lakh with battery financing at ₹3.75/km.
Business Update Neutral
2026-08-26 18:46
- Investor/Analyst Meeting Schedule - Meeting Date: 2nd September 2026 - Meeting Time: 09:00 a.m. to 01:00 p.m. (IST)
Business Update Neutral
2026-08-20 21:16
- Mahindra & Mahindra Ltd.'s participation in the Non-Deal Roadshow, an Analyst/Institutional Investor Meeting, scheduled for 21st August 2026 in Singapore, has been cancelled.
Business Update Neutral
2026-08-19 17:44
- Mahindra & Mahindra Ltd. participated in the Motilal Oswal 22nd Annual Global Investor Conference on August 19, 2026, engaging with Funds and Investors. - The presentation shared was previously submitted to the Stock Exchanges on July 30, 2026, and is available on the company website. - No unpublished price sensitive information was disclosed during the event.
Ownership Neutral
2026-08-19 17:10
- Mahindra & Mahindra Ltd. transferred a total of 20,123 equity shares from its Employees' Stock Option Trust to stock option grantees on August 19, 2026, following the exercise of stock options under the Company's ESOP Scheme.
Business Update Neutral
2026-08-18 17:35
- Investor/Analyst Meeting Schedule - Meeting Date: 21st August 2026 - Meeting Time: 9:30 a.m. to 3:50 p.m. (SST) / 7:00 a.m. to 1:20 p.m. (IST) - Type: Physical Non-Deal Roadshow (One on One) in Singapore. - Participants: Funds/Investors. - Note: No unpublished price sensitive information will be shared.
Business Update Positive
2026-08-15 11:35
- Product Launch: Mahindra introduces BE 6 SPORTEQ, a new series of electric SUVs. - Key Feature: Battery as a Service (BaaS) option available, with the BE 6 SPORTEQ starting at ₹11.45 Lakh (ex-showroom) plus battery at ₹3.75 per km. - Technology: Features a futuristic three-screen digital cockpit, six TEQ Suites (including Google Gemini-powered TEQ_Talk), and software-defined vehicle (SDV) prowess with OTA updates for existing models from January 2027. - Pricing: Ex-showroom prices range from ₹11.45 Lakh (59 kWh BaaS variant) to ₹26.95 Lakh (79 kWh Launch Edition/FE). - Deliveries: Scheduled to begin on Onam, 26th August 2026.
Business Update Positive
2026-08-14 21:02
- Mahindra unveils its Global Pik Up, named 'The All-New Scorpio Lifestyler'. - Scheduled for launch by April 2027. - Starting price will be below ₹19.79 lakh Ex-Showroom. - Designed as a global product for the midsize lifestyle pickup segment. - Targets international markets including Australia & New Zealand, South Africa, Africa, Middle East, and Latin America, along with India.
Ownership Neutral
2026-08-13 19:18
- Mahindra University and Mahindra Educational Institutions sold 8,67,027 equity shares of Mahindra & Mahindra Ltd. on August 13, 2026. This represents 0.07% of M&M's total voting share capital. - The shares were previously received as an endowment contribution from Mrs. Anuradha Mahindra and Mr. Anand Mahindra. - The proceeds from the sale will be utilized for the University's educational and charitable objectives.
Business Update Neutral
2026-08-13 18:45
- Concall Schedule - Concall Date: 19th August 2026 - Concall Time: 11:00 a.m. to 04:00 p.m. (IST) - Details: Mahindra & Mahindra Ltd. to participate in the Motilal Oswal 22nd Annual Global Investor Conference.
Business Update Neutral
2026-08-13 17:58
- Mahindra & Mahindra Ltd. participated in the Emkay Confluence 2026 on August 13, 2026, engaging with funds and investors. - The company presented its Q1F27 Analyst Meet deck, which was previously submitted and is available online. - No unpublished price-sensitive information was shared during the event.
Ownership Neutral
2026-08-13 10:42
- Promoter Anand Gopal Mahindra disclosed an off-market disposal of 8,67,027 equity shares of Mahindra & Mahindra Ltd on August 12, 2026. - His individual holding decreased from 0.11% to 0.045%. - The overall promoter group holding marginally changed from 18.14% to 18.07%.
Business Update Positive
2026-08-12 18:20
- Mahindra & Mahindra Ltd. intimated the fulfillment of Mr. Anand Mahindra's ₹500 crore personal pledge to Mahindra University. - This was achieved through an endowment contribution of 8,67,027 M&M equity shares, valued at approximately ₹300 crore (latest contribution), along with earlier contributions.
Business Update Neutral
2026-08-10 16:49
- Investor/Analyst Meeting Schedule - Event: Emkay Confluence 2026 - Date: 13th August 2026 - Time: 09:00 a.m. to 02:00 p.m. (IST) - Venue: Mumbai - Mode: Physical (One on One & Group) - Participants: Funds/Investors
Business Update Positive
2026-08-10 16:21
- Total Production for July 2026: 101,954 units (▲20.4% YoY) - Total Sales for July 2026: 102,710 units (▲24.8% YoY) - Total Exports for July 2026: 4,159 units (▲47.4% YoY)
Business Update Positive
2026-08-10 11:32
- Mahindra Group announced a dedicated strategic focus on its Holidays (Mahindra Holidays) and Lifespaces (Mahindra Lifespaces) sectors to accelerate growth and realize operational synergies. - Mr. Amit Kumar Sinha, current MD & CEO of Mahindra Lifespace Developers Limited (MLDL), will be appointed as the Chief Executive Officer - Holidays and Lifespaces Sector of Mahindra Group. - Mahindra Lifespaces residential pre-sales grew 5X from ~₹700 Cr to ~₹3500 Cr since FY20, moving from losses to ~₹300 Cr profit. - Mahindra Holidays has over 3 lakh vacation ownership members and is expanding into leisure hospitality.
Business Update Positive
2026-08-10 11:29
- Mahindra Group announced a dedicated strategic focus on its Holidays and Lifespaces sectors to accelerate growth and synergies. - Mr. Amit Kumar Sinha is appointed CEO of this new sector. - Lifespaces saw 5x pre-sales growth to ~₹3500Cr and achieved ~₹300Cr profit. Holidays added 1700+ rooms.
Business Update Positive
2026-08-10 10:04
- Mahindra Group announces a dedicated strategic focus on Real Estate and Hospitality sectors to accelerate growth and realize operational synergies. - Mr. Amit Kumar Sinha, currently MD & CEO of Mahindra Lifespace Developers Limited, will be appointed as the Chief Executive Officer for the new Real Estate & Hospitality Sector.
Business Update Positive
2026-08-10 09:38
- Mahindra Group announced a dedicated strategic focus on its Real Estate and Hospitality sectors to accelerate growth and leverage synergies. They highlighted significant growth in both Mahindra Lifespaces and Mahindra Holidays businesses. - Mr. Amit Kumar Sinha, current MD & CEO of Mahindra Lifespace Developers Limited, will be appointed as the Chief Executive Officer of the new Real Estate & Hospitality Sector.
Governance Positive
2026-08-09 19:49
- Ms. Shveta Arya has been appointed as the Group Chief Strategy Officer and a part of the Senior Management of Mahindra Group. - Her appointment is effective from September 15, 2026. - Shveta Arya brings over 23 years of experience, with her most recent role being Managing Director of Cummins India Limited.
Governance Positive
2026-08-09 19:35
- Mahindra Group has appointed Ms. Shveta Arya as the Group Chief Strategy Officer. - Her appointment is effective from September 15, 2026, and she will be part of the Senior Management. - She will lead the Group Strategy Office to identify growth opportunities, unlock value, and drive long-term strategic advantage across the Group's portfolio of businesses.
Routine Neutral
2026-08-07 18:43
New Filing detected. See link for details.
Business Update Positive
2026-08-07 14:54
- Mahindra Group released its Sustainability Report for FY 2025-26. - The report provides a comprehensive overview of the Group's sustainability strategy, initiatives, performance, and progress across environmental, social, and governance (ESG) parameters. - Key highlights include a 20% reduction in group-level emission intensity, 35% renewable electricity share, and leadership in EV market share.
Business Update Neutral
2026-08-06 22:25
- Mahindra & Mahindra Ltd. completed the divestment of its entire stake in Erkunt Sanayi Anonim Şirketi (Erkunt Foundry) on August 6, 2026. - Erkunt Foundry has ceased to be a step-down subsidiary of the company.
Business Update Positive
2026-08-04 19:45
- Consolidated ROE target maintained at 18%, with current performance at 23%. - Tech Mahindra remains on track to achieve 15% EBIT margin by end of FY27. - Auto sector plans to double EV capacity by FY31; ICE SUV capacity to reach 60k/month by Sep and EV capacity to 8k/month by Sep. - Logistics business is expected to become EBITDA positive soon, leading towards PAT positive. - Mahindra Lifespaces targets ₹10,000 crores pre-sales by FY30, focusing on mid-premium/premium segments in key cities. - Mahindra Finance aims for 30% non-wheels business by 2031 (from current 17%), targeting a ₹3 lakh crore book with ROA of 2.2%-2.5%. - Aerospace business aspires for 30x growth in a decade, with 10x organic growth. - Auto margins are expected to maintain or slightly improve QoQ in Q2, with price hikes aiding in offsetting commodity inflation. - Farm margins may experience a temporary dip in Q2 due to unhedgeable steel and rubber inflation, with hopes for commodity softening and a seasonal upcycle in Q3. - EV profitability (ex-PLI) is anticipated through a combination of pricing and cost efficiencies, with scale and localization benefits expected in 12-18 months. - The company expresses a "cautiously optimistic" outlook for the future, emphasizing strong resilience across businesses.
Ownership Neutral
2026-08-04 16:21
- Mahindra & Mahindra Employees' Stock Option Trust transferred 1,58,199 equity shares to various stock option grantees on August 4, 2026. - This transfer is pursuant to the exercise of stock options granted under the Company's Employees' Stock Option Scheme.
Business Update Positive
2026-08-01 10:00
- Mahindra Auto reports overall auto sales of 1,03,860 vehicles in July 2026, a growth of 26% YoY, including exports. - Utility Vehicle sales (domestic) stood at 60,048 units, a growth of 20% YoY. - Domestic Commercial Vehicle sales reached 25,204 units, a growth of 23% YoY. - Total Exports were 4,070 units, a growth of 47% YoY. - Mahindra Farm Equipment Business sold 32,643 tractors in the domestic market in July 2026, a growth of 21% YoY. - Total tractor sales (Domestic + Exports) were 34,420 units, a growth of 20% YoY. - Mahindra's Trucks & Buses Business sold 3,009 vehicles in July 2026, a growth of 19% YoY.
Governance Positive
2026-07-31 21:34
- Disclosure of voting results for Mahindra & Mahindra Ltd.'s 80th Annual General Meeting held on July 30, 2026. - All resolutions, including the adoption of financial statements, declaration of dividend, and re-appointment of directors, were passed with requisite majority.
Routine Neutral
2026-07-30 21:43
New Filing detected. See link for details.
Routine Neutral
2026-07-30 21:10
New Filing detected. See link for details.
Routine Neutral
2026-07-30 20:19
New Filing detected. See link for details.
Governance Neutral
2026-07-30 18:24
- The 80th Annual General Meeting (AGM) was held on 30th July 2026 at 3:00 p.m. via Video Conferencing. - Key agenda items included adoption of FY26 financial statements, declaration of dividend on ordinary shares, re-appointment of directors, and approval of material related party transactions. - The AGM concluded at 5:15 p.m. (IST).
Business Update Positive
2026-07-30 15:36
- Chairman's speech at 80th AGM on July 30, 2026, highlights outstanding past year results and historical highs. - Announced a prospective investment of ₹15,000 crore over 10 years in Nagpur. - Noted a significant increase in patents and external recognition. - Company adopts 'Attack Mode' for strategic acceleration amidst global uncertainty.
Financials Positive
2026-07-30 13:26
- Consolidated Revenue ₹58,188 Cr vs ₹45,529 Cr (▲28% YoY) - PAT ₹5,455 Cr vs ₹4,083 Cr (▲34% YoY)
Financials Positive
2026-07-30 13:08
- Consolidated Revenue ₹57,533.44 Cr vs ₹45,435.88 Cr (▲26.62% YoY) - EBITDA ₹10,932.44 Cr vs ₹8,705.94 Cr (▲25.57% YoY) - PAT ₹5,997.56 Cr vs ₹4,376.58 Cr (▲37.04% YoY) - EBITDA Margin 19.00% vs 19.16% (▼16bps)
Financials Positive
2026-07-30 13:07
- Consolidated Revenue ₹58,188Cr vs ₹45,529Cr (▲28% YoY) - PAT ₹5,455Cr vs ₹4,083Cr (▲34% YoY) - PAT Margin 9.4% vs 9.0% (▲40bps)
Business Update Positive
2026-07-30 13:05
- Board approved a Scheme of Merger by Absorption of its wholly-owned subsidiary, Mahindra Investment Company (Mauritius) Limited, with Mahindra & Mahindra Limited. - Appointed Date: April 1, 2026. - Rationale: Streamline group structure, reduce compliance and operational costs. - No cash or share consideration is involved, and there will be no change in the shareholding pattern of the company.
Financials Positive
2026-07-30 13:03
- Consolidated Revenue ₹58,187.57 Cr vs ₹45,529.19 Cr (▲27.80% YoY) - EBITDA ₹10,932.44 Cr vs ₹8,705.94 Cr (▲25.57% YoY) - PAT ₹5,454.54 Cr vs ₹4,083.32 Cr (▲33.58% YoY) - EBITDA Margin 18.79% vs 19.12% (▼33bps) - Board approved the scheme of merger by absorption of Mahindra Investment Company (Mauritius) Limited, a wholly-owned subsidiary.
Business Update Positive
2026-07-29 14:00
- Mahindra & Mahindra's Board approved the sale of its Truck & Bus Division (MTBD) to its listed subsidiary, SML Mahindra Limited, for ₹525 crore on a slump sale basis. - The transaction is expected to be completed by January 31, 2027. - This strategic move aims to create a unified Truck & Bus business within the Mahindra Group, enhancing scale, market coverage, and operational efficiencies.
Business Update Positive
2026-07-29 13:57
- Mahindra & Mahindra Ltd. approved the sale of its Truck & Bus Division (MTBD) to SML Mahindra Limited, a listed subsidiary. - The transaction is on a slump sale basis for a consideration of ₹525 crore. - The Business Transfer Agreement (BTA) is expected to be executed by August 7, 2026, with the transaction likely to be completed by January 31, 2027. - Rationale: To create a unified Truck & Bus business within the Mahindra Group, aiming for enhanced scale, broader market coverage, and improved operational efficiencies.
Ownership Neutral
2026-07-22 17:46
- Transfer of 6,665 equity shares by Mahindra & Mahindra Employees' Stock Option Trust to Stock Option Grantees on July 22, 2026, pursuant to the exercise of stock options under the Company's ESOP Scheme.
Ownership Neutral
2026-07-13 19:20
- Mahindra & Mahindra Ltd. announced the transfer of 2,050 equity shares by the Employees' Stock Option Trust to various grantees on July 13, 2026, pursuant to the exercise of Stock Options under the company's ESOP Scheme.
Business Update Neutral
2026-07-10 13:15
- Concall Schedule - Concall Date: 30th July 2026 - Concall Time: 5:30 pm to 6:30 pm IST - Event: M&M Analyst Meet Q1F27 - Mode: Hybrid (Mumbai and Live Webcast)
Business Update Positive
2026-07-09 16:00
- Consolidated Production for June 2026 was 110,795 units (▲30.0% YoY). - Consolidated Sales for June 2026 was 103,502 units (▲32.5% YoY). - Consolidated Exports for June 2026 was 5,954 units (▲120.7% YoY).
Governance Neutral
2026-07-04 18:07
- Mahindra & Mahindra Ltd. disseminated its 80th Integrated Annual Report for FY2025-26 to members and debenture holders. - The 80th AGM is scheduled for July 30, 2026, at 3:00 P.M. (IST) via VC/OAVM. - Web-links/QR codes are provided for the Annual Report, and KYC updates are encouraged.
Business Update Positive
2026-07-04 17:55
- Filing of the Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26, as per SEBI LODR Regulations. - The report provides disclosures on general business responsibility, sustainability, and governance aspects. - Key areas covered include products/services, operations, employee details, CSR initiatives, grievance redressal mechanisms, and material responsible business conduct issues.
Financials Positive
2026-07-04 17:40
- Consolidated Income from operations ₹1,98,639Cr vs ₹1,58,911Cr (▲25% YoY) - PAT ₹17,099Cr vs ₹12,954Cr (▲32% YoY)
Governance Positive
2026-07-04 17:25
- Integrated Annual Report for FY 2025-26 and Notice of 80th AGM filed. - AGM scheduled for Thursday, July 30, 2026, at 3:00 p.m. IST via Video Conferencing/Other Audio-Visual Means. - Remote e-voting period is from July 25, 2026, to July 29, 2026.
Business Update Positive
2026-07-01 08:56
- Mahindra Auto total vehicle sales in June 2026 at 1,06,207 units (▲37% YoY), with domestic SUV sales up 28% and exports up 125%.- Farm Equipment Business sold 58,177 tractors domestically (▲12% YoY) and 59,935 units overall (▲12% YoY).- Trucks & Buses Business sales were 3,249 units (▲5% YoY), with cargo vehicles down 11% and passenger vehicles up 16%.
Business Update Positive
2026-06-30 23:15
- Update on divestment of entire stake in Erkunt Sanayi Anonim Şirketi, a step-down subsidiary. Amended agreement includes MOICML's infusion of ₹471 Cr to extinguish external debt and fund the business until closing. Buyer to infuse ₹95 Cr. Closing expected by August 15, 2026.
Business Update Positive
2026-06-30 19:17
- Mahindra Kandivali Developers Limited (MKDL) incorporated on June 29, 2026, as a wholly-owned subsidiary of Mahindra Lifespace Developers Limited, and a step-down subsidiary of Mahindra & Mahindra Ltd. MKDL, with ₹1,00,000 paid-up capital, will undertake real estate development projects.
Business Update Neutral
2026-06-29 18:38
- Mahindra & Mahindra Ltd. participated in a Nomura – Fireside Chat with Funds and Investors on June 29, 2026. - The company presented the M&M Q4F26 Analyst Meet deck and confirmed no unpublished price sensitive information was shared during the event.
Ownership Positive
2026-06-29 17:37
- Mahindra & Mahindra Employees' Stock Option Trust transferred 63,397 equity shares to Stock Option Grantees. - This transfer, dated June 29, 2026, is pursuant to the exercise of options under the Company's Employees' Stock Option Scheme.
Financials Neutral
2026-06-26 15:29
- Board Meeting on July 30, 2026, to consider and approve the Unaudited Standalone and Consolidated Financial Results for the First Quarter ending June 30, 2026. - The trading window will be closed from July 1, 2026, to August 1, 2026.
Financials Neutral
2026-06-25 19:54
- Board Meeting on 30th July 2026 to consider and approve Q1 FY27 Unaudited Standalone and Consolidated Financial Results for the quarter ended 30th June 2026. - Trading Window closed from 1st July 2026 to 1st August 2026.
Business Update Neutral
2026-06-23 20:06
- Concall Schedule: Analyst/Institutional Investor Meeting (Fireside Chat with Nomura) - Concall Date: 29th June 2026 - Concall Time: 02:00 p.m. to 03:00 p.m. (IST) - Mode: Virtual Group Meet
Routine Neutral
2026-06-22 17:12
- Mahindra & Mahindra Ltd. announced the transfer of 74,765 equity shares on June 22, 2026. - Shares were transferred from the Employees' Stock Option Trust to Stock Option Grantees. - This transfer is pursuant to the exercise of stock options granted under the Company's Employees' Stock Option Scheme.
Business Update Neutral
2026-06-17 17:59
- Mahindra & Mahindra is diluting its stake in Mahindra Summit Agriscience Limited (MSAL). - MSAL will cease to be a step-down subsidiary and become an associate, continuing as a joint venture with equal voting rights. - Mahindra Agri Solutions Limited (MASL) will hold 58.8% and Summit Agro International Limited (SAI) 41.2% of MSAL's paid-up share capital. - MSAL's Revenue from Operations for FY26 was ₹236.09 crore.
Business Update Positive
2026-06-16 14:57
- Mahindra Holidays & Resorts India Limited (MHRIL), a subsidiary of Mahindra & Mahindra, completed the acquisition of 100% equity stake in Aditatva Estates Private Limited for ₹37.5 crore. - Aditatva, engaged in coffee plantation on ~50 acres in Chikmagalur, Karnataka, will be leveraged by MHRIL to expand its leisure resorts business.
Ownership Neutral
2026-06-12 18:25
- Mahindra & Mahindra Employees' Stock Option Trust transferred 74,164 equity shares to Stock Option Grantees. - The transfer occurred on June 12, 2026, pursuant to the exercise of stock options under the Company's ESOP Scheme.
Business Update Neutral
2026-06-11 21:34
- Mahindra & Mahindra Ltd. participated in the Jefferies India Access Day on June 11, 2026, in London. - The company engaged with Funds and Investors, using a presentation already filed. - No unpublished price sensitive information was shared.
Business Update Neutral
2026-06-10 22:30
- Mahindra & Mahindra Ltd. participated in the GS Asia Corporate Day on June 10, 2026, in London, engaging with Funds and Investors. - The presentation used was previously submitted to the Stock Exchanges on May 5, 2026, and is available on the company's website. - No unpublished price sensitive information was shared during the event.
Routine Neutral
2026-06-09 21:01
New Filing detected. See link for details.
Business Update Positive
2026-06-09 14:35
- Mahindra & Mahindra reported production, sales, and export figures for May 2026. - Total Production for May 2026 was 101,141 units (▲10.53% YoY). - Total Sales for May 2026 were 97,653 units (▲19.14% YoY). - Total Exports for May 2026 were 5,112 units (▲38.46% YoY).
Business Update Neutral
2026-06-05 19:38
- Mahindra & Mahindra Ltd. participated in the Citi India Conference 2026 held on June 5, 2026, engaging with Funds and Investors. - The presentation previously submitted to the Stock Exchanges on May 5, 2026, was used during the event. - No unpublished price sensitive information was shared.
Business Update Neutral
2026-06-04 17:30
- Mahindra & Mahindra Ltd. will hold Analyst/Institutional Investor Meetings in London on June 9 (Non-Deal Roadshow), June 10 (GS Asia Corporate Day), and June 11, 2026 (Jefferies India Access Day). No unpublished price sensitive information will be shared.
Business Update Neutral
2026-06-03 18:44
- Mahindra & Mahindra Ltd. participated in the Nomura Investment Forum Asia 2026 on June 2nd and 3rd, 2026, in Singapore, engaging with funds and investors. - The presentation shared was previously submitted on May 5th, 2026 (M&M Q4F26 Analyst Meet - Presentations deck). - No unpublished price sensitive information was shared during the event.
Business Update Neutral
2026-06-02 19:47
- Mahindra & Mahindra Ltd. participated in the BOFA 2026 India Conference on June 2, 2026, engaging with funds and investors. - No unpublished price sensitive information was shared during the event.
Business Update Neutral
2026-06-02 14:28
- Mahindra & Mahindra Ltd.'s participation in the Morgan Stanley India Investment Forum 2026 – Keynote, scheduled for 2nd June 2026, in Mumbai, stands cancelled.
Business Update Neutral
2026-06-01 19:47
- Concall Schedule - Concall Date: 5th June 2026 - Concall Time: 11:00 a.m. to 02:00 p.m. (IST) - Event: CITI India Conference 2026 (One on One & Group Meet) in Mumbai - Participants: Funds/Investors. No unpublished price sensitive information will be shared.
Business Update Positive
2026-06-01 09:42
CRITICAL RED FLAG DETECTED
Mahindra & Mahindra reported robust vehicle sales for May 2026. Overall auto sales grew 20% YoY to 99,636 units, with SUVs growing 11% and Commercial Vehicles 19%. Total tractor sales rose 22% YoY to 49,695 units, driven by timely Rabi harvesting. Trucks & Buses sales increased 18% YoY to 3,129 units. However, management noted supply chain constraints in auto and a cautious outlook for the CV segment due to headwinds like elevated input costs, higher diesel prices, and geopolitical uncertainties.
Business Update Positive
2026-05-30 13:02
Mahindra & Mahindra Ltd. announced the incorporation of its 50:50 Joint Venture Company, 'Mahindra Manulife Insurance Limited' (MMIL), with Manulife Holdings (Bermuda) Limited. The Certificate of Incorporation from the Ministry of Corporate Affairs was received on May 29th, 2026. MMIL will operate in the life insurance business, with each partner subscribing to 5,00,000 equity shares of Rs. 10 each, amounting to Rs. 50 Lakh, representing a 50% shareholding.

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