The Exchange has sought clarification from Mahindra & Mahindra Limited with respect to recent news item captioned Indonesia puts vehicle imports from Tata Motors and Mahindra & Mahindra on hold.. The response from the Company is attached.
M&M · price
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On the reaction day the stock moved 0.1 pts more than Nifty 100 and 2.8 pts more than its Passenger Cars & Utility Vehicles peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mahindra & Mahindra responded to a news article claiming Indonesia had put its vehicle imports on hold. The company clarified that it had bagged a 35,000-unit export order from Indonesian state-owned Agrinas Pangan Nusantara for Scorpio Pik Up vehicles in February 2026, its biggest ever export order. M&M confirmed it has received advance payment for this order and, as of March 3, 2026, has not received any communication from Indonesia about suspending the order. The company stated that the recent price movement in its stock is purely market-driven and that it has complied with all SEBI disclosure norms.
The clarification removes uncertainty caused by the negative media report and reassures investors that the major Indonesia export deal remains intact. Short-term, this is likely to ease stock pressure; however, investors should watch for any official communication from Indonesian authorities that could contradict the company's position.