Mahindra & Mahindra Plans for EV Exports to UK After India-UK Trade Deal

Mahindra & Mahindra will plan to export electric vehicles to the UK following the finalisation of the India-UK free trade agreement, as per Group CEO and Managing Director Anish Shah. The company expects the agreement to support easier movement of goods between the two countries.

As per news reports, Shah stated, "We are looking forward to exporting our electric vehicles to the UK and to take a bigger share of the UK market and competing in the UK on the back of this FTA,". 

EV Share and UK Design Centre

As per the report, Electric vehicles are targeted to make up 30% of Mahindra’s overall sales by 2030. In 2022, the company opened Mahindra Advanced Design Europe (M.A.D.E.) in Banbury, Oxfordshire. The facility focuses on concept and design work for the company’s electric product range.

Trade Agreement Scope

The India-UK FTA includes measures that open Indian markets to UK goods and increase export potential for Indian industries. In the auto sector, it is expected to aid manufacturing through reduced logistics costs, adjustments in import duties, and a focus on improving operational processes.

As per the report, Shah has stated that India has the capacity to develop as a major global automobile manufacturing location. This includes production for both domestic firms and international automakers.

Competition in the Market

The company’s SUV market share has increased from 11% to 27%, with a 5.7 percentage point rise in the last quarter. Mahindra has previously seen new global entrants in the domestic market and continues to operate alongside them.

Mahindra plans to introduce products in select markets before expanding further. SUVs remain the primary focus, with consideration being given to smaller SUV models.

As per the report, Past acquisitions, such as its stake in SML in the truck segment, have been aimed at expanding business capabilities. The company has indicated it will look at similar opportunities when they fit its growth plans.

Read more: Mahindra Group One Time ESOPs: 14,000 Employees, Including Factory Workers to be Part

Mahindra & Mahindra Share Price Performance

As of August 14, 2025, 11:55 AM, Mahindra & Mahindra share price was trading at ₹3,276.30, down ₹5.90 or 0.18% from the previous closing price.

Conclusion

The combination of the India-UK trade deal, existing design capabilities in the UK, and domestic manufacturing resources sets the groundwork for Mahindra’s planned EV exports.

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