Mumbai, April 13 -- The production increased 13.24% to 102,701 units in March 2026, while exports declined 6.61% YoY to 4,042 units in March 2026.

Meanwhile, the company's wholly owned subsidiary, Mahindra Overseas Investment Company (MOIC), Mauritius along with its wholly owned subsidiary, Erkunt Traktor Sanayii Anonim Şirketi (Erkunt Traktor) has entered into stock purchase agreement to divest their 99.04% stake in Erkunt Sanayi Anonim Şirketi (Erkunt Foundry). The stake will be sold to Hisarlar Makina Sanayi ve Ticaret A.Ş., Oguzhan Sahinkaya and Bunyamin Sarioglu.

The total consideration to be received by the MOICML and Erkunt Traktor is Turkish Lira 1,00,000 (around Rs 2,13,000 at the prevailing foreign exchange rate...