Mahindra Group sets ambitious 2030 playbook across autos, EVs, tech and finance

Mahindra Group has outlined an expansive long-term roadmap across all its major businesses ahead of its biggest-ever investor day, where 12 group CEOs are expected to present their strategic plans. The Group has released detailed growth forecasts to the exchanges, highlighting a decade of ambitious expansion across automotive, farm, electric mobility, financial services, hospitality, real estate and technology.

From FY22 to FY25, Mahindra delivered organic growth of 25%. For the FY26–FY30 period, the Group is now targeting organic growth in the range of 15% at the lower end and up to 40% on the upside, signalling confidence across all business verticals.

Auto business at the core of long-term growth

Mahindra has laid out aggressive targets for its automotive divisions for the decade from FY20 to FY30. The company expects 8x growth in SUVs and LCVs, 3x growth in tractors, 6x expansion in the trucks and buses business (earlier known as SML Isuzu), and 6x growth in Mahindra Last Mile Mobility.

Market share gains are expected to support this momentum. In the LCV segment below 3.5 tonnes, Mahindra expects market share to rise from 51.7% in FY25 to 54.1% in FY26. In SUVs, the company anticipates an increase from 22.7% in FY25 to 26.4%.

The Group also aims to become the world's fastest-growing SUV brand and the number one brand across key segments and applications.

Farm business bets on tech-driven tractor growth

With rising demand for higher-horsepower tractors (40–50 HP), Mahindra has revised upward the tractor industry outlook for FY25–FY30. The CAGR forecast has been increased from 7% to 9%, supported by the Group’s push to “democratise technology” and enhance the livelihoods of farmers globally.

EV ambition: One million Mahindra EVs by 2031

Electric mobility remains a central pillar of Mahindra’s future strategy. The Group aims to become the number one electric commercial vehicle (ECV) player, with a target of one million Mahindra EVs on the road by 2031.

Financial services to deepen Bharat focus

Mahindra & Mahindra Financial Services is positioning itself as one of the most trusted financial services providers for rural India. The company is targeting 5x AUM growth by FY30, driven by expansion in under-penetrated Bharat markets and deeper integration of digital lending tools.

Tech Mahindra turnaround by FY27

Tech Mahindra expects its business transformation to be completed by FY27, with a renewed focus on profitability, delivery optimisation, and scaling of AI-led services. The Group has also outlined strong growth ambitions for Mahindra Holidays and Mahindra Lifespace Developers.Read about our editorial guidelines and ethics policy