Indian stock news
On May 28, 2026, Mahindra & Mahindra Limited announced the commercial launch of its flagship electric SUV, the "XUV.e9", which secured over 50,000 bookings within 24 hours of opening. This milestone underscores the company's aggressive pivot toward its goal of a 50% electric vehicle portfolio by 2030. Simultaneously, the company released its Q4 FY26 financial results, reporting an 18.2% year--on--year increase in consolidated net profit to ₹3,240 crore. Performance was bolstered by a 25% growth in SUV volumes and sustained leadership in the domestic tractor market.