Mumbai, Oct 9 – Mahindra & Mahindra (M&M) said today that it has no plans to split its automotive and tractor businesses. The company filed a statement to the stock exchanges, stressing that keeping both units under one roof creates more value through synergies.
M&M explained that the rumor came after a report in The Economic Times suggesting the group might separate tractors, passenger cars (including electric vehicles) and commercial trucks into independent entities. The report said the idea was still in an early review stage and could potentially unlock extra shareholder value.
In the exchange filing, M&M replied that it had already addressed the issue before, and it will continue to meet listing disclosure rules. “The company has clarified this in the past and maintains that it sees much greater value from synergies by keeping these businesses within the M&M entity,” the statement read.
Analysts have speculated that a spin‑off could let the company focus more sharply on high‑growth areas such as electric mobility. However, M&M remains firm that its integrated structure delivers stronger operational and financial synergies.
Source: ianslive
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