M&M leads the Indian auto-pack with record-breaking 674 patents in FY24
So far, 1185 patents across multiple geographies have been conferred to M&M, and there are currently 193 applications awaiting patent approval, as of March 31, 2024. Cumulatively, 2212 patent applications have been filed to date. The patent portfolio also includes fillings of M&M's subsidiary, Mahindra Electric Automobile Ltd. In addition to the patents, 115 designs have been registered and 178 new applications filed. M&M’s patent portfolio covers a range of critical functions, such as powertrain (ICE & EV), vehicle mechanical systems, electronics, manufacturing processes, electric tractors, and advanced engineering, among others. Read more
Latest news and updates from Mahindra Group
News & Updates
News & Updates
M&M Ltd announced its overall auto sales for the month of April 2024
Overall auto sales for the month of April 2024 stood at 70471 vehicles, a growth of 13%, including exports. In the Utility Vehicles segment, Mahindra sold 41008 vehicles in the domestic market, a growth of 18% and overall, 41542 vehicles, including exports. The domestic sales for Commercial Vehicles stood at 22102. The XUV3XO, launched last month, is set to be the new disrupter in the compact SUV space. Read more
News & Updates
FES announced its tractor sales numbers for April 2024
Domestic sales in April 2024 were at 35805 units, as against 35398 units during April 2024. Total tractor sales (Domestic + Exports) during April 2024 were at 37039 units, as against 36405 units for the same period last year. Exports for the month stood at 1234 units. IMD's forecast of above normal monsoon rains and festivals in the month of April have helped bring positivity in the rural sentiments. Terms of trade continue to stay positive and good cash flows from the Rabi harvest are likely to boost tractor demand in the coming months. Read more
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Mahindra Susten draws up plan to step up its green energy play
Mahindra Susten plans to invest ₹21,000 Crore over the next five years to develop a renewable energy asset portfolio of nearly 5.5 GW. The company, with its 39% partner Ontario Teachers' Pension Plan, has committed equity to build peak capacity of that order in the next four to five years. "We are also looking at the entire green energy canvas in terms of building our portfolio of renewable energy assets which will include storage projects and round-the-clock power projects." MD Deepak Thakur told ET. The company aims to avoid a heavy debt burden through asset flipping and expand into the hybrid renewable energy sector. Read more
News & Updates
Mahindra AD CEO on EV strategy
During an interview at the ‘BNP Paribas Global Electric Vehicle and Mobility Conference,’ Nalinikanth Gollagunta, CEO of M&M’s Automotive Division, discussed the company's EV strategy. With a focus on introducing five new robust Born Electric SUV, over the next few years, Mahindra aims to redefine electric mobility, despite the nascent Indian EV market. Strategic partnerships with investors like Temasek and a focus on supply chain resilience position Mahindra for success in the burgeoning EV sector. Watch now
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