Mahindra & Mahindra is a leading diversified automobile company in India with a presence across a wide range of products ranging from SUVs, two- and three-wheelers, pickups, and commercial vehicles, to tractors, farm equipment, and electric vehicles.  The company was founded in 1945 and is a flagship of the Mahindra Group, a reputed business conglomerate in India with a strong presence in RE, agriculture, logistics, and hospitality sectors.

Mahindra & Mahindra operates through 66 manufacturing/ assembly units worldwide, including 20 in India. The company’s international footprint extends across six continents and over 100 countries. The company operates through two major business segments – Automobile (~62% of total revenues ) and Farm (~34%), the other businesses include finance and IT services. Mahindra & Mahindra is a strong EV player and could leverage its early success in three- and four-wheeler electric vehicles in India. The company is leading the EV adoption in India with cars such as Mahindra XUV400, MG ZS, eVerito, eSupro, e20+, etc.

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The company is the fourth largest passenger vehicle and the second largest commercial vehicle and the largest large commercial vehicle company in India. It is a leading SUV player domestically with popular brands such as Bolero, XUV, Thar, and Scorpio under its wing. Mahindra & Mahindra is also the world’s largest tractor manufacturer by volume and also commands 40% domestic market share in the tractor market with leading brands like Swaraj, Trackstar, and Mahindra. The company had a market share of 10.5% of the overall Indian auto industry in FY22. The company is the largest three-wheeler electric vehicle company in India with more than 73% market share in FY22. Mahindra & Mahindra has an impressive pipeline of 13 new products to be launched by 2027, including eight electric cars. It became the first Indian manufacturer company to cross the 400 million electric km, through a fleet of Treo, eVerito, and e20+ vehicles and sold 17,000 electric vehicles in FY22 up from just 5,400 in FY21.

Also, read Mahindra Set To Uber-ize the Indian Cities

Mahindra & Mahindra is also tying up with leading e-commerce players such as Amazon and Flipkart for expanding their carbon-free fleet delivery vehicles. With more than seven decades of experience, Mahindra & Mahindra is well-positioned to benefit from the solid long-term fundamentals of the overall auto and farm industry and strong EV adoption trends in India.