New Delhi, March 2 -- Mahindra & Mahindra Limited on Monday informed the stock exchanges that its Japan-based associate, Mitsubishi Mahindra Agricultural Machinery Co., Ltd. (MAM), has approved withdrawal from its agricultural machinery business.

The decision was approved by MAM's board on March 2, 2026. The withdrawal will cover research and development, production, and domestic as well as overseas sales of agricultural machinery. The company plans to cease production and sales in a phased manner by the first half of fiscal year 2027.

However, MAM said it will continue its spare parts supply business and product warranty services for existing customers.

"With respect to businesses other than the continuing business, MAM plans to disso...