Mahindra Group on Thursday clarified that there is no plan for a demerger of the company's auto and tractor businesses after reports in media suggested otherwise.
In view of the speculations, the Company on its own considers it necessary to clarify to the Stock Exchanges that there is no plan for a demerger of the Auto and Tractor businesses, said the auto major. "The Company has clarified this in the past and maintains that it sees much greater value from synergies by keeping these businesses within the M&M entity."
Earlier today, there were multiple reports that said that Mahindra Group is evaluating the separation of its core businesses — tractors, passenger vehicles (including EVs), and trucks — into independent entities, in what could mark the conglomerate’s most significant restructuring in years.
In view of the speculations, the Company on its own considers it necessary to clarify to the Stock Exchanges that there is no plan for a demerger of the Auto and Tractor businesses, said the auto major. "The Company has clarified this in the past and maintains that it sees much greater value from synergies by keeping these businesses within the M&M entity."
Earlier today, there were multiple reports that said that Mahindra Group is evaluating the separation of its core businesses — tractors, passenger vehicles (including EVs), and trucks — into independent entities, in what could mark the conglomerate’s most significant restructuring in years.
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