At the 78th AGM, Mahindra Group Chairman Anand Mahindra celebrated significant milestones and outlined ambitious future plans. He expressed gratitude to retiring directors and welcomed new members, emphasising their expertise and future contributions.

Mahindra highlighted a record-breaking year for vehicle and tractor sales. With nearly 825,000 vehicles and 380,000 tractors sold, the company saw an 18% growth in vehicle sales and maintained its lead in the tractor market despite a market decline.

Innovation was a key theme. The Scorpio-N and the Scorpio Classic for the Indian Army were highlighted as major successes. The “Mahindra Futurescape” vision introduced exciting new concepts like the Thar.e and Global Pik Up, signaling a robust global expansion.

In the electric vehicle sector, Mahindra saw a 51% increase in EV sales, driven by the new XUV 400 EL Pro variant and multiple awards.

Despite challenges in the farm equipment sector, Mahindra maintained industry leadership, selling almost 380,000 tractors and celebrating the milestone of 4 million tractors sold with the Mahindra Yuvo Tech Plus.

Financially, Mahindra Finance’s loan book surpassed one trillion rupees, and the Group’s CSR efforts made significant societal impacts, supporting education, agriculture, and environmental conservation.

Looking ahead, Mahindra announced a 3.7 billion rupee investment plan over the next three years, focusing on job creation and skill-building programs, aiming to drive growth and prosperity in India.