Mahindra

Under the partnership, Mahindra and Agrinas Pangan Nusantara will work together to equip Koperasi with these vehicles to ensure effective and seamless flow of fresh supplies from farmers directly to the marketplace, thereby bridging the gap between producer and consumer.

Mahindra emphasised a shift in viewing cities as core economic systems rather than mere challenges.

Mahindra Logistics shares rose over 14% after reporting a Q3 net profit of ₹3.25 crore, recovering from a loss last year. Revenue grew by 19.1% to ₹1,898 crore, aided by improved operational efficiency, with a widened EBITDA margin of 5.42%. Analysts suggest continued positive momentum.

Auto stocks Tata Motors, Mahindra & Mahindra, and Maruti Suzuki India dropped up to 5% amid concerns over increased competition following the India-EU Free Trade Agreement, which is expected to lower import duties on cars over five years.

Indian auto stocks, including Tata Motors and Mahindra & Mahindra, will be in focus as India plans to reduce car import tariffs from 110% to 40%. This move is expected to benefit European luxury brands while increasing competition for local manufacturers.

Kotak Mahindra Bank reported a consolidated net profit of ₹3,446 crore for Q3 FY26, a 4.3% increase from last year. Operating profit rose 4% to ₹5,380 crore, driven by healthy net interest income growth, highlighting the bank's consistent earnings amidst a challenging banking environment.