Mahindra Lifespaces® strengthens its footprint in Pune and launches Phase 3 of Happinest Tathawade

Tech Mahindra and Surance.io partner to deliver global Tech support and cyber protection solutions for the Insurance industry

The partnership will bolster cyber resilience for the global insurance industry with multilingual tech support, and AI based end-to-end cyber security solution

Record Q1 results: Consolidated PAT at INR 3,508 cr, up 60%

Key Highlights

Temasek to invest in Mahindra’s EV subsidiary at a valuation of up to INR 80,580 crore / USD $9.8 billion

Mumbai, August 3, 2023 – Mahindra & Mahindra Ltd., a leader in automotive, farm, and services businesses, and Temasek, the Singapore-headquartered global investment firm, have executed a binding agreement for Temasek to invest INR 1,200 crore into MEAL (Mahindra Electric Automobile Limited), the four-wheeler (4W) passenger electric vehicle company.

Temasek will invest INR 1,200 crore in the form of Compulsorily Convertible Preference Shares (‘CCPS’) at a valuation of up to INR 80,580 crore, resulting in Temasek’s ownership of a 1.49% to 2.97% stake in MEAL.

Tech Mahindra Q1’24 revenue up 3.5% YoY

Tech Mahindra announced the audited consolidated financial results for its quarter ended June 30th, 2023

Mumbai – July 26, 2023: Tech Mahindra Ltd., a specialist in digital transformation, consulting and business re-engineering services today announced the audited consolidated financial results for its quarter ended June 30, 2023.

Financial highlights for the quarter (USD)

Mahindra Group to enable US Companies to expand their global manufacturing footprint

With India as the fulcrum for its manufacturing operations, the Mahindra Group offers self-sufficient industrial parks at strategic locations and expertise to guide companies through the approval processes

Mumbai, India, July 24, 2023: As India ramps up efforts to revolutionise the global manufacturing and supply chain landscape, the Mahindra Group – one of India’s leading industrial enterprises – is poised to help American companies enhance their international footprint and expand by leveraging the advantages of India as a manufacturing hub.

Tech Mahindra and Espressive partner to provide automated and cost-effective digital workplace assistance

The partnership will enhance the overall employee experience of their customers by automating requests in real-time through an AI-based virtual support agent

M&M Q4 and FY’23 results announced

FY’23 Consolidated PAT crosses INR 10,000 cr, up 56%, dividend of INR 16.25 per share, up 41%

Mumbai, May 26, 2023: The Board of Directors of Mahindra & Mahindra Limited today approved the financial results for the quarter and year ended March 31, 2023 of the Company and the consolidated Mahindra Group.

Quick Highlights

Mr Keshub Mahindra, Chairman Emeritus, Mahindra Group, passes away at 99

Mr Keshub was an exemplary statesman and an irreplaceable figure in Indian industry, revered for his vision, his business acumen, his leadership by example, and above all, for his uncompromising professional integrity

Mahindra Auto records highest-ever vehicle sales at 66,091 units with 21% growth; Sells highest-ever SUV volume of 35,976 with 31% growth in March 23

Mumbai, 3 April 2023: Mahindra & Mahindra Ltd. (M&M Ltd.), one of India’s leading automotive companies, today announced that its auto sales for the month of March 2023 stood at 35,976 vehicles, its highest ever, with a growth of 31%. The company also clocked the highest ever annual sales of its SUVs at 356,961 units, with a growth of 60%. In the Passenger Vehicle segment (which includes UVs, cars and Vansvans), the company sold 35,997 units (growth of 30%) in March 2023 and recorded an annual sale of 359,253 vehicles (growth of 59%).