The shares of Mahindra & Mahindra (M&M) jumped over 2 percent on February 20 to trade at Rs 2,818 apiece. This comes after the Mahindra Group announced a partnership with US-based Anduril Industries to develop Autonomous Maritime Systems, advanced AI-enabled Counter Unmanned Aerial System (CUAS) technologies and innovative Command and Control (C2) software.
In an exchange filing released in the post-market hours of February 19, the conglomerate said the partnership aims to strengthen regional security by deploying next-generation autonomous solutions and enhancing capabilities for maritime operations.
The companies will focus on building modular Autonomous Underwater Vehicles (AUVs) which will enhance operational capabilities. The advanced CUAS technologies will be capable of detecting and neutralizing drone threats, providing better protection against unmanned aerial systems.
Mahindra Group Executive Board Member Vinod Sahay said, "Partnering with Anduril Industries marks a significant milestone in Mahindra Group's commitment to developing advanced security and autonomous technologies. This collaboration combines our deep engineering expertise with Anduril’s innovative solutions to deliver cutting-edge capabilities that enhance security and address emerging threats."
Despite the gains, Mahindra shares have recorded strong losses over the past five days, falling nearly 6 percent. This comes amid a consistent selloff in the market, fuelled by Trump's tariff threats. Tesla prospective entry into Indian market has also affected the auto stocks.
When asked how the automaker will handle the competition from Tesla, Mahindra and Mahindra Chairperson Anand Mahindra said, "We have been asked similar questions ever since the opening up of the Indian economy in 1991. How will you compete against: Tata, Maruti, All MNCs? But we’re still around. And working like maniacs to still be around & relevant even a century from now. With you cheering us on, we will make that happen."
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