.Mahindra & Mahindra (M&M) was founded in October 1945 by JC Mahindra and KC Mahindra, along with another partner, Ghulam Mohammed. Initially into steel trading, M&M entered the automobile industry in 1947 by importing and assembling 75 Jeeps in its Mumbai unit from the United States.
Over the years, M&M has undergone many structural changes and has successfully rebranded itself as Mahindra. As the company continues to foray into different business sectors, including hospitality, education and finance, to name a few, the automobile section is now called Mahindra Auto.
About the Company
In 1964, M&M manufactured the first Mahindra Jeep in India, which got the unique distinction of being used by His Holiness Pope John Paul VI during his visit to Bombay on 3rd December 1964. In 2008, Mahindra started its automotive facility in Chakan, Pune.
In India, Mahindra Auto offers 13 variants in SUV and eSUV categories, including the popular
Mahindra Thar, Thar Roxx, XUV 700, and the newly launched ones, BE 6 & XEV 9e, among others.
Unique Selling Features of Mahindra
- Quality: Mahindra's SUVs are hugely popular among their adventure seeker consumers as they are known for their strong body and good off-road performance.
- Safety: Mahindra continues to set safety benchmarks for passenger cars as it has received 5-star safety ratings under Bharat NCAP for its SUV models.
- Customer Satisfaction: Mahindra ensures customer satisfaction in new customers by relaunching popular models like Thar and Scorpio with better interiors, advanced safety features and additional comfort.
Market Share of the Company
According to the data from Mahindra Auto and the Society of Indian Automobile Manufacturers (SIAM), the market share of Mahindra is as follows:
Financial Year (FY) |
Total Passenger Vehicle Sales |
Mahindra Domestic Sales |
Market Share |
FY 2024 |
4218746 |
333777 |
20.4% |
FY 2023 |
3890114 |
259858 |
9.3% |
FY 2022 |
3069523 |
64248 |
15% |
FY 2021 |
2711457 |
36618 |
14.6% |
FY 2020 |
2773519 |
186978 |
13.2% |
FY 2019 |
3377389 |
25701 |
7.5% |
Number of Showrooms and Service Centres
Mahindra has over 1000 showrooms and service centres in major cities across India, catering to the needs of both new and existing customers who own Mahindra SUVs and electric SUVs.
Competitors
Segment |
Model |
SUV |
Mahindra Thar Roxx
Suzuki Jiminy
Kia Seltos
Maruti Grand Vitara
|
EVs |
Mahindra XEV 9e
Tata Punch. ev
Volkswagen ID.4
MG ZS EV
|
Latest News
- In January 2025, Mahindra created history by securing the top 5-star safety rating on the Bharat New Car Assessment Program (Bharat NCAP) with the highest score. Mahindra's Electric Origin's SUVs, the BE 6 and the XEV 9e, achieved this milestone.
- Mahindra and KRAFTON India formed a unique partnership in January 2025 in an attempt to bridge the automotive and gaming sectors. Krafton India is part of Korea-based KRAFTON Inc., known for publishing captivating gaming experiences. This partnership allows consumers to enjoy an immersive experience and aims to attract a young, tech-savvy audience. Through this partnership, BGMI (BATTLEGROUNDS MOBILE INDIA) players will be able to experience the features of Mahindra's Electric Origin SUV BE 6 as a part of their game.
- On January 8, 2025, Mahindra unveiled its fully integrated state-of-the-art manufacturing and battery assembly facility dedicated to producing Electric Origin SUVs at its Chakan plant in Pune.