Mahindra Group has drawn up a decade-long expansion plan that will be spearheaded by its automotive division even as the tractor-to-technology conglomerate pursues scale across its entire business portfolio, according to a presentation made to its investors on Thursday.
The group is targeting organic growth of 15–40 per cent across its major business verticals in the five years through FY30, with the auto segment positioned as the central contributor.
Mahindra expects an eightfold surge in automotive revenue in the decade through FY30, led by sport-utility vehicles (SUVs) and light commercial vehicles (LCVs).
In SUVs, the company is working towards becoming one of the fastest-growing global brands, supported by upcoming platforms, focus on design and technology upgrades, and expansion into both right-hand and left-hand drive markets.
In LCVs, where it already controls more than half the domestic market, Mahindra would aim to strengthen its position through broader segment coverage under 3.5 tonnes vehicles and the introduction of multi-energy platforms, while deepening its reach in rural markets.
The presentation noted that the auto business has doubled standalone volume to 928,000 vehicles in FY25 with consolidated revenue growing threefold to ₹90,825 crore over the past five years. Profitability has improved, with consolidated PBIT rising sixfold during the period to ₹7,797 crore.
The management at Mahindra sees more opportunity in the core SUV and LCV categories, citing ongoing shifts in customer preferences, greater formalisation in logistics, and public investment in infrastructure.
Beyond automotive, the presentation outlined growth aspirations across farm equipment, financial services, technology, real estate, hospitality, last-mile mobility, renewable energy and aerospace.
The farm business is aiming for a threefold expansion by FY30, backed by its tractor leadership, international growth, and new technology offerings in autonomy, electrification and precision agriculture.
Mahindra Finance is targeting a fivefold jump in assets under management over the decade, as asset quality stabilises and newer lines such as mortgages and SME lending gain scale.
Tech Mahindra is undergoing a multi-year restructuring, expected to be completed by FY27, with goals to narrow the growth gap with peers and improve margins. Mahindra Lifespaces and Mahindra Holidays have outlined plans for substantial scale-up, including expanded development pipelines, stronger brand positioning and product refreshes. In renewable energy, Susten is pursuing a fivefold expansion of its managed portfolio through a capital-light build-and-transfer model, while Mahindra Aerostructures is working toward a twelvefold increase in revenue supported by long-duration order visibility and rising global demand.
Throughout the deck, the group stressed on disciplined capital allocation, operating efficiency, and a focus on businesses with a clear path to sustainable returns.
