Mahindra & Mahindra Share Price

Embraer Defense & Security and Mahindra Group, have signed a landmark Strategic Cooperation Agreement (SCA) to advance the C-390 Millennium solution for the Indian Air Force's Medium Transport Aircraft (MTA) programme. This agreement was inked alongside the inauguration of Embraer's national office in Aerocity, New Delhi.

The agreement builds upon the Memorandum of Understanding signed in February 2024 at the Embassy of Brazil in New Delhi, deepening the scope of cooperation to include joint marketing, industrialisation and developing India as a hub for the C-390 Millennium. Since the signing, the C-390 Millennium aircraft has further increased its operator base globally.

Embraer and Mahindra Group will work closely with stakeholders in the country and engage with India's military and aerospace ecosystem to identify opportunities for local manufacturing, assembly facilities, supply chain and MRO activities. The long-term ambition is to position India as a manufacturing and support hub for the C-390 Millennium aircraft, serving both domestic and regional requirements.

This partnership unites Brazil's world-class aerospace innovation with India's manufacturing prowess and contributes to the strengthening of ties between the two nations while positioning India as a potential hub for the C-390 Millennium aircraft in the region.

The partnership aims to advance the C-390 Millennium for the Indian Air Force’s Medium Transport Aircraft programme. Both companies will collaborate with India’s aerospace ecosystem to explore local manufacturing, assembly, supply chain and maintenance opportunities.

Mahindra and Embraer plan to position India as a regional hub for the C-390 Millennium, catering to domestic and international requirements.

Embraer Defense & Security President and CEO Bosco da Costa Junior said the partnership reflects a shared commitment to the ‘Atmanirbhar Bharat’ initiative and deepens India-Brazil ties.

Mahindra Group Executive Board member Vinod Sahay said the collaboration aligns with India’s ‘Make in India’ vision and supports the country’s defence self-reliance goals.

The C-390 Millennium can carry up to 26 tonnes of payload and reach speeds of 470 knots. It can perform multiple missions, including cargo and troop transport, air-to-air refuelling, medical evacuation and humanitarian operations. The aircraft operates even on unpaved runways and has recorded a mission completion rate of over 99%.

The C-390 is already in service with the air forces of Brazil, Portugal, Hungary, the Netherlands, Austria, South Korea, and several others.

M&M Group enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India. It is the world's largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate.

M&M's standalone net profit surged 32% to Rs 3,449.84 crore in Q1 FY26 as against Rs 2,612.63 crore recorded in Q1 FY25. Revenue from operations increased 26.1% year on year (YoY) to Rs 34,083.23 crore in the quarter ended 30 June 2025.

Mahindra & Mahindra Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 3492, up 0.93% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.69% on the day, quoting at 25319.85. The Sensex is at 82550.43, up 0.63%. Mahindra & Mahindra Ltd has dropped around 3.22% in last one month.

Meanwhile, Nifty Auto index of which Mahindra & Mahindra Ltd is a constituent, has dropped around 1.4% in last one month and is currently quoting at 26640.55, up 0.47% on the day. The volume in the stock stood at 4.96 lakh shares today, compared to the daily average of 21.25 lakh shares in last one month.

The benchmark October futures contract for the stock is quoting at Rs 3505, up 1.1% on the day. Mahindra & Mahindra Ltd is up 13.82% in last one year as compared to a 1.4% spurt in NIFTY and a 3.31% spurt in the Nifty Auto index.

The PE of the stock is 32.29 based on TTM earnings ending June 25.