Mahindra & Mahindra Limited (M&M) has issued a clarification regarding a news item published on March 1, 2026, suggesting Indonesia has put vehicle imports from the company on hold. M&M confirmed that on February 4, 2026, they had announced receiving an export order for 35,000 Light Commercial Vehicles (LCVs), specifically Scorpio Pik Ups, to be delivered in 2026 to Agrinas Pangan Nusantara, an Indonesian state-owned enterprise. This order was not considered material at the time of its announcement. The company also stated that it has received an advance payment for this order. As of March 3, 2026, M&M has not received any communication from Indonesia about the suspension of this vehicle supply order. M&M reassures that there is no pending information that could impact the price behavior of its shares and that any stock price movement is market-driven. The company reiterated its compliance with SEBI Listing Regulations.
