Mahindra & Mahindra Limited — JV/Acquisition, 13-11-2025: Acquisition

Mahindra & Mahindra, via its subsidiary, has acquired a 100% stake in Mahindra Racing UK Limited (MRUK) for approximately Rs. 14 crore. MRUK, which participates in Formula Electric World Championships, will now be a step-down subsidiary of M&M. This acquisition is a strategic move to leverage engineering development expertise for cross-learning and significantly enhance M&M's brand visibility, particularly for its Born Electric (BEV) vehicles, through racing car liveries. For FY25, MRUK reported revenue of Rs. 357.56 Cr and a net worth of Rs. 40.56 Cr.