M&M Denies Plans to Demerge Auto, Tractor Businesses

Mahindra & Mahindra Ltd. Thursday clarified that it has no plans to demerge its automobile and tractor businesses. The company said it continues to see significant value from synergies by keeping both businesses under a single entity, according to an exchange filing.

The clarification follows media reports claiming that Mahindra & Mahindra was considering splitting its core businesses—including tractors, passenger vehicles, and trucks—into independent entities.