Corporate Updates
Mahindra & Mahindra (M&M) is set to overtake Hyundai Motor India to become the country’s second-largest passenger vehicle maker in 2025, behind Maruti Suzuki.
M&M registered around 581,000 units this year, surpassing Hyundai’s 550,000.
The shift reflects strong SUV demand and M&M’s expanding portfolio, while Hyundai’s limited new launches contributed to its drop in rankings. Tata Motors remains close behind in third place.
Mahindra & Mahindra (M&M) emerged as the top gainer on the Nifty 50 on Friday, driven by investor enthusiasm over its ambitious growth strategy.
The company outlined plans to expand its auto business revenue eight‑fold by FY2030 compared with FY2020. Its auto division already grew around 3.2 times over five years, reaching ₹90,825 crore in FY2025.
Brokerages welcomed the update. Emkay Global highlighted that electric vehicles remain central to M&M’s growth and profitability roadmap. PhillipCapital described the targets as “ambitious but largely achievable,” raising earnings estimates for FY26–FY28. Motilal Oswal maintained a “buy” rating, setting a target price of ₹4,275 for September 2027.
Strong guidance, clear strategic priorities, and the EV push helped lift investor confidence, making M&M the top performer among large-cap stocks.
M&M also aims to become the world’s fastest-growing SUV brand, focusing on both domestic and global markets, including the UK, Australia, New Zealand, South Africa, and select European countries. The company plans to put 1 million EVs on Indian roads by 2031 and expand electric commercial vehicle exports to over 10 countries.
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Mahindra & Mahindra (M&M) has sold its entire 3.5% stake in RBL Bank for ₹678 crore, earning a 62.5% return in just over two years.
The sale comes as Emirates NBD prepares to acquire a majority stake in the lender through a $3-billion transaction, in what would mark the largest cross-border deal in India’s financial sector. Under the country’s stock market regulations, this transaction triggers a mandatory open offer, set to open on December 12.
M&M had bought the 3.53% stake in July 2023 for ₹417 crore as part of a long-term treasury investment.
With the Dubai-based bank now set to buy 60% of RBL for around $3 billion, M&M appears to have seized the opportunity to book gains. The open offer, priced at ₹280 per share, will open on December 12. RBL stock currently trades between ₹320 and ₹330.
India’s banking regulations cap foreign investment in private banks at 74%, while a single overseas investor can’t own more than 15% without RBI approval.
The RBL Bank open offer is priced at ₹280 apiece. The stock is currently trading at in the ₹320-330 range.
India allows 74% foreign investment in private banks but limits shareholdings of any single foreign institution to 15% unless regulator the Reserve Bank of India grants an exemption.
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Indian stock markets opened on a positive note on Thursday, supported by firm global trends. The Sensex gained over 300 points to trade near 83,750, while the Nifty 50 moved above 25,600 in early trade.
Buying in Asian Paints, Mahindra & Mahindra, Britannia Industries, and Sun Pharma lifted market sentiment. Asian Paints jumped nearly 4%, and M&M rose about 2%.
Among the top performers were Redington, CCL (India), Gujarat Pipavav, Shipping Corporation of India, and Asian Paints. Meanwhile, Delhivery, Hindalco Industries, Deepak Fertilisers, Asahi India Glass, and BEML were among the main losers.
Market analysts said investors remain cautious due to continued foreign fund outflows and mixed corporate earnings. They added that the next market trend will depend on upcoming Q2 results and global economic signals.
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