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Sanjay Ahuja

4th Feb · SEBI-Registered Analyst

M&M SECURES LARGEST-EVER EXPORT ORDER FOR 35,000 SCORPIO PIK-UPS TO INDONESIA

M&M
has secured it's largest-ever export order, marking a major milestone for the company’s international operations. The Indian auto major will supply 35,000 units of the Single-Cab Scorpio Pik Up to Agrinas Pangan Nusantara, a state-owned enterprise in Indonesia, with deliveries scheduled to take place in 2026. The vehicles for this order will be manufactured at the company's Nashik plant. Known for high payload capacity and cost-efficient operation, these pick-ups are well-suited for challenging conditions such as rural roads and farm tracks, key requirements for the Koperasi ecosystem. With a market cap of Rs 4.44 lakh crores, the company has seen a steady sales and profit grown of more than 20% CAGR over the past 3 years. With such large orders on hand, the company's financial performance is set to further improve.

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