06 Mar, EOD - Indian

Nifty Midcap 100 57393.35 (-0.69)

Nifty Bank 57783.25 (-2.15)

Nifty Smallcap 100 16498.9 (-0.24)

Nifty IT 30138.4 (0.04)

Nifty Next 50 67476.65 (-0.36)

Nifty Pharma 22970.2 (-0.15)

SENSEX 78918.9 (-1.37)

Nifty 50 24450.45 (-1.27)

06 Mar, EOD - Global

NIKKEI 225 55620.84 (0.62)

HANG SENG 25757.3 (1.72)

S&P 6784.07 (-0.99)


Stock Alert News

You are Here : Home > News > Stock Alert News >

(04 Feb 2026, 10:49)

Mahindra & Mahindra rises on securing largest-ever export order

Mahindra & Mahindra advanced 1.85% to Rs 3,593.30 after the company announced that it has secured its largest-ever export order for 35,000 light commercial vehicles (LCVs) to be delivered to Agrinas Pangan Nusantara, Indonesia, in 2026.


In an exchange filing, the company said it will supply 35,000 units of Scorpio Pik Up vehicles to Agrinas Pangan Nusantara, an Indonesian state-owned enterprise, as part of the Koperasi Desa/Kelurahan Merah Putih (KDKMP) Project. The vehicles will support logistics operations for cooperatives being established across the country.

Under this partnership, Mahindra and Agrinas Pangan Nusantara will work together to equip Koperasi with robust and reliable vehicles to ensure the effective and seamless flow of fresh supplies from farmers directly to the marketplace, thereby bridging the gap between producers and consumers. The collaboration aims to strengthen rural logistics and enable villages to become independent centers of economic growth.

Manufactured at the company’s Nashik plant, the Scorpio Pik Up is known for its durability, high payload capacity, and low operating costs, and is designed to operate efficiently across diverse rural terrains, including rough roads and farm tracks.

The company said the Mahindra Scorpio Pik Up will bolster the Koperasi ecosystem by enabling first-mile aggregation, transporting produce from farms to cooperatives and facilitating intra-village logistics, thereby ensuring the efficient movement of goods within the cooperative network.

Nalinikanth Gollagunta, CEO, Automotive Division, Mahindra & Mahindra, said, “We are looking forward to this association and to supporting Indonesia’s Koperasi through our partnership with Agrinas Pangan Nusantara. By deploying the Scorpio Pik Ups as a part of the Koperasi, we are strengthening a reliable logistics backbone that connects farmers to markets more efficiently. Our Pik Ups are engineered to perform in tough conditions while keeping operating costs to a minimum. The volume committed for this partnership will significantly boost our international operations, adding as much as our total export volumes achieved in FY 25. In line with Mahindra’s Rise philosophy, this collaboration reflects our commitment to enabling prosperity and supporting national priorities.”

Mahindra & Mahindra (M&M) Group enjoys a leadership position in farm equipment, utility vehicles, information technology, and financial services in India. It is the world's largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate.

On a standalone basis, the company’s net profit surged 17.7% to Rs 4,520.52 crore on a 21.3% rise in revenue from operations to Rs 33,421.60 crore in Q2 FY26 over Q2 FY25, reflecting broad-based growth across Auto and Farm segments.

More News

Capital Market Publishers India Pvt. Ltd

401, Swastik Chambers, Sion Trombay Road, Chembur, Mumbai - 400 071, India.

Formed in 1986, Capital Market Publishers India Pvt Ltd pioneered corporate databases and stock market magazine in India. Today Capitaline corporate database cover more than 35,000 listed and unlisted Indian companies. Latest technologies and standards are constantly being adopted to keep the database user-friendly, comprehensive and up-to-date.

Over the years the scope of the databases has enlarged to cover economy, sectors, mutual funds, commodities and news. Many innovative online and offline applications of these databases have been developed to meet various common as well as customized requirements.

While all the leading institutional investors use Capitaline databases, Capital Market magazine gives access to the databases to individual investors through Corporate Scoreboard. Besides stock market and company-related articles, the magazine’s independent and insightful coverage includes mutual funds, taxation, commodities and personal finance.

Copyright @ Capital Market Publishers India Pvt.Ltd

Designed, Developed and Content powered by CMOTS InfoTech (ISO 9001:2015 & ISO/IEC 27001:2022 Certified)

Site best viewed in Internet Explorer Edge ,   Google Chrome 115.0.5790.111 + ,   Mozilla Firefox 115.0.3 + ,   Opera 30.0+, Safari 16.4.1 +