Mahindra expects an eightfold increase in auto revenues in the decade to FY 2030, mainly from sport-utility vehicles (SUVs) and light commercial vehicles (LCVs).
In SUVs, the company is working to become one of the fastest growing brands in the world, supported by emerging platforms, focus on design and technology upgrades and expansion into both right- and left-hand drive markets.In the light commercial vehicle space, where Mahindra already has more than half of the domestic market, Mahindra would look to strengthen its position through broader segment coverage of sub-3.5 tonne vehicles and introduction of multi-energy platforms, while expanding its reach in rural markets.
The presentation noted that the auto industry itself has doubled volume to 928,000 vehicles in FY25, with consolidated sales tripling to Rs90,825 crore over the last five years. Profitability has improved, with consolidated PBIT increasing six-fold to Rs7,797 crore during the period. Mahindra management sees greater opportunities in its core SUV and light commercial vehicle categories, citing ongoing shifts in customer preferences, greater formalization in logistics and public investments in infrastructure. In addition to the automotive sector, the presentation outlined growth ambitions in agricultural machinery, financial services, technology, real estate, hospitality, last-mile mobility, renewable energy and aerospace.
The agricultural company aims for a threefold expansion by FY30, supported by its tractor leadership, international growth and new technology in autonomy, electrification and precision farming.
Mahindra Finance is targeting a five-fold increase in assets under management over the next decade as asset quality stabilizes and newer lines such as mortgages and SME loans gain traction.
Tech Mahindra is undergoing a multi-year restructuring, expected to be completed by FY27, with the aim of narrowing the growth gap with peers and improving margins. Mahindra Lifespaces and Mahindra Holidays have outlined plans for substantial scale, including expanded development pipelines, stronger brand positioning and product innovations. In renewables, Susten is targeting a five-fold expansion of its managed portfolio through a capital-light build-and-transfer model, while Mahindra Aerostructures is working towards a 12-fold revenue increase, supported by long-term order visibility and rising global demand.
Throughout the presentation, the group emphasized disciplined capital allocation, operational efficiency and a focus on companies with a clear path to sustainable returns.
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