Mahindra aims for 8x Revenue Growth during FY20-30 period in auto sector

New Delhi, Nov 20 (PTI) Mahindra Group is aiming for an eight-fold growth in consolidated revenue of its auto sector by FY30 compared to that in FY20, betting big on SUVs and light commercial vehicles.

The group's auto sector had clocked a consolidated revenue of Rs 90,825 crore in FY25, growing 3.2 times from FY20, it said in its investor presentation.

Spelling out its ambition "to be the world's fastest growing SUV brand", the group said its "authentic 'adventure-ready' products" will not only tap the 70 per cent of the Indian passenger vehicles market but will also "go global" targeting right hand drive markets in the UK, Australia, New Zealand and South Africa besides left hand drive market in Europe.

The automaker said it aims to electrify India's last mile mobility with a million EVs on road by 2031.

M&M also plans to expand the electric commercial vehicle exports to over 10 markets globally, it added.

For Tech Mahindra, the turnaround is expected to be completed by FY27 and the long-term aspiration is to drive profitable and sustainable growth higher than peer average, it stated.