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Mahindra & Mahindra Breaks Patent Records in FY24

Mahindra & Mahindra’s record-breaking patent achievements in FY24 underline the company’s relentless pursuit of innovation and technology.

Unprecedented Patent Success

Mahindra & Mahindra (M&M), the flagship automotive and farm equipment company of the Mahindra Group, has made a historic mark by receiving 674 patents in FY24, the most awarded to any Indian 4-wheeler automobile/farm equipment manufacturer. This staggering achievement represents a 380% increase compared to FY23. It’s a testament to M&M’s commitment to innovation and technology, propelling them to the forefront of the industry.

Innovation-Driven Growth

M&M’s strategy revolves around relentless innovation, with significant investments in research and the latest technology. This approach has allowed the company to create futuristic automotive brands with world-class features. As M&M continues to push the boundaries, it redefines customer expectations and sets new industry standards.

Patent Portfolio and Designs

To date, M&M has received 1,185 patents across multiple geographies, with an additional 193 applications pending approval as of March 31, 2024. Cumulatively, M&M has filed 2,212 patent applications, showcasing the extensive reach and depth of their innovation efforts. Alongside patents, the company has also registered 115 design patents, with 178 new design applications filed. The comprehensive patent portfolio also includes filings from M&M’s subsidiary, Mahindra Electric Automobile Ltd.

Words from the Leadership

Rajesh Jejurikar, Executive Director and CEO of Auto & Farm Sectors at M&M, emphasized the company’s commitment to innovation and technology. “We are constantly working to push the frontiers of what is possible in the automobile and farm equipment segments. Our relentless pursuit of cutting-edge technologies has enabled us to create the safest and most advanced products, positioning us as a true innovator in the industry,” said Jejurikar. He further noted that the company’s significant investment in R&D is aimed at staying ahead of the curve in terms of technology and talent.

Diverse Patent Coverage

M&M’s patent portfolio spans a wide range of critical functions, including powertrain (ICE & EV), vehicle mechanical systems, electronics, manufacturing processes, electric tractors, and advanced engineering. These patents have led to groundbreaking technologies that have redefined the automotive and tractor segments, offering customers some of the safest and most cutting-edge experiences in the market.

Focus on Safety and Customer Experience

M&M’s commitment to safety and customer experience is reflected in its investment in active safety systems, advanced driver assistance systems, automotive electronics, lightweight technologies, enhanced vehicle dynamics, and connected vehicle technologies. The company’s innovation extends to smart combine harvesters, smart connected implements, and hill farming solutions, among others.

Stock Performance: A Reflection of Success

The success of M&M’s innovations is mirrored in its stock performance. The company’s stock reached a new 52-week high on Friday, hitting an intraday peak of Rs 2,210 per share on NSE. The stock has seen a remarkable 32% increase over the last three months, and an incredible 77.54% growth over the past year. This impressive performance underscores M&M’s strong position in the industry and the confidence investors have in its continued success.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.