Mahindra & Mahindra M&M
SUV/PV OEM with dedicated EV lineup (BE 6, XEV 9e) plus EV tractors and 3-wheelers
Mapped in 2 themes: Nifty 50 and Electric 4-Wheeler.
Where Mahindra & Mahindra sits in the supply chain
Mahindra & Mahindra appears in 1 supply-chain layer in one theme, Electric 4-Wheeler.
Electric 4-Wheeler › Vehicle OEMs & Assembly
Direct supplierOther companies in this layer
Index membership
Mahindra & Mahindra is in the Nifty 50 (NSE industry: Automobile and Auto Components).
Nifty 50 › Automobile and Auto Components
Other Nifty 50 stocks in this industry
Revenue and profit
| ₹ Cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 1,39,078 | 1,59,211 | 1,98,639 |
| Net profit | 12,270 | 14,073 | 18,622 |
Latest-year revenue ₹1.99L Cr (FY26, company-wide). Wider screens show FY22 onwards.
Strengths
- EV exposure spans passenger SUVs (BE 6, XEV 9e), tractors and 3-wheelers, backed by a large diversified group balance sheet
Risks
- Dedicated EV lineup (BE 6, XEV 9e) is still a minority of a much larger diversified SUV/tractor/3-wheeler business
Common questions
What does Mahindra & Mahindra do?
SUV/PV OEM with dedicated EV lineup (BE 6, XEV 9e) plus EV tractors and 3-wheelers.
Where does Mahindra & Mahindra sit in the supply chain?
Mahindra & Mahindra (NSE: M&M) is mapped in 1 supply-chain layer: Vehicle OEMs & Assembly (Electric 4-Wheeler).
Who are Mahindra & Mahindra's peers?
In the Vehicle OEMs & Assembly layer of Electric 4-Wheeler: Tata Motors Passenger Vehicles, JBM Auto and Olectra Greentech.
What is Mahindra & Mahindra's market cap and valuation?
As of 30 Oct 2026: market cap ₹3.52L Cr, P/E 18.4x, ROCE 15.1%, ROE 20.3%, dividend yield 1.16%.