Anand Mahindra-led Mahindra & Mahindra has witnessed a decline in share prices since January 3, when it stock prices had hit a 52-week high of Rs 3,237.
In a major setback for billionaire Anand Mahindra, Mahindra & Mahindra, India’s leading automaker, lost a whopping Rs 7,815 crore in market valuation in a single day, ironically on the very first day of the Auto Expo 2025, a biennial event which provides a platform to Indian and global carmakers to showcase their latest innovations on a grand scale.
According to market data, the market capitalization (mcap) of Mahindra & Mahindra eroded by Rs 7,815 crore in a single day after the company’s shares tumbled by 2.12 percent on Friday. Mahindra & Mahindra’s stock closed at Rs 2,917.95 on the BSE on Friday, the same day when the carmaker unveiled its new electric SUV XEV 9e at the auto expo.
The Anand Mahindra-led company has witnessed a decline in share prices since January 3, when it stock prices had hit a 52-week high of Rs Rs 3,237. Mahindra’s shares have slumped by 9.85% in the last two weeks, crashing the company market valuation to Rs 39,674.78 crore.
According to market experts, the downward spiral of Mahindra’s shares does not necessarily reflect the company’s performance but rather an effect of the current market trends, however, the fall in the automaker’s stock has set panic among investors, who will keenly monitoring Mahindra & Mahindra’s performance at the auto expo in the coming days.
Mahindra & Mahindra unveiled its new SUV XEV 9e on Day 1 of Auto Expo 2025. The electric SUV, which was launched in November 2024, comes at a base price of Rs 21.90 lakh (ex-showroom), while the top variant comes costs Rs 30.90 lakh.
Anand Mahindra, the Chairman of the Mahindra Group, is one of the richest men in India, boasting a net worth of $3.6 billion, according to Forbes.
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