Mumbai, May 03, 2024: Mahindra & Mahindra [M&M] has received a record 674 patents in FY24, the most of any Indian 4-wheeler automobile/farm equipment manufacturer. This is a 380% increase in the number of patents issued to M&M over FY23.
M&M continually pushes the boundaries of innovation through investments in research and the utilization of cutting-edge technology. Their strategy of prioritizing R&D has enabled them to develop futuristic automotive brands with world-class features. They firmly believe that by remaining at the forefront of technology, they can fulfill the highest expectations of their customers.
As of March 31st, 2024, the organization has been granted a total of 1185 patents across various regions, with 193 patent applications currently pending approval. Collectively, they have submitted 2212 patent applications to date, including filings from their subsidiary, Mahindra Electric Automobile Ltd. Furthermore, they have registered 115 designs and filed 178 new applications. This remarkable accomplishment stands as evidence of their advanced research capabilities.
Speaking about the achievement, Rajesh Jejurikar, ED & CEO [Auto & Farm Sectors], Mahindra & Mahindra said: “We are constantly working to push the frontiers of what is possible in the automobile and farm equipment segments. Our relentless pursuit of cutting-edge technologies has enabled us to create the safest and most advanced products. It has positioned us as a true innovator in the industry. We understand the importance of being future-ready. Therefore, we have made significant R&D investments to ensure that we stay ahead of the curve in terms of technology and talent.”
M&M’s patent portfolio covers a range of critical functions. These include powertrain (ICE & EV), vehicle mechanical systems, electronics, manufacturing processes, electric tractors, and advanced engineering, among others. These patents have led to pioneering new technologies that have redefined the automotive and tractor segments. They have created the safest and most cutting-edge customer experiences.
Their investment in the development of these technologies spans areas associated with innovation, customer experience, and safety. This encompasses active safety systems, advanced driver assistance systems, advanced automotive electronics, lightweight technologies, enhanced vehicle dynamics, connected vehicle technologies, high-precision hydraulics, smart combine harvesters, smart connected implements, and hill farming, among other areas.
