In a clarification to stock exchanges, the company said there has been no official intimation from Indonesia indicating any suspension of its vehicle supply orders.
The automaker referred to a press release issued in February, in which it had announced its largest-ever export order — the supply of 35,000 light commercial vehicles (LCVs) to Indonesian state-owned enterprise Agrinas Pangan Nusantara during calendar year 2026. The company noted that it has already received an advance payment for the order.
Mahindra said the export order was disclosed earlier through a press release but was not considered material under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, based on the prescribed materiality thresholds.
“As on date, the company has not received any further intimation or communication from Indonesia about the suspension of order for the supply of vehicles,” the company said in its exchange filing.
The February announcement detailed that Mahindra would supply 35,000 units of its single-cab Scorpio Pik Up vehicles, manufactured at its Nashik plant. According to the company, the volume of the order exceeds Mahindra’s total export volumes in FY25 and is expected to significantly boost its international operations.
The vehicles are intended to support logistics for cooperatives, enabling transportation of agricultural produce from farms to markets as part of Indonesia’s national food security initiatives.
This announcement came during market hours, Mahindra’s stock fell by 2.1 per cent ending the day’s trade at ₹3263.9 a piece on the Bombay Stock Exchange.
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