Mahindra & Mahindra Ltd.

Mahindra & Mahindra has informed that there is a News Article published by Reuters today 9th August, 2024 mentioning that the Company has sought government approval to invest $3 billion with China's Shaanxi Automobile Group to set up an Integrated Car Manufacturing facility in Gujarat. The link of the News Article is given below: https://www.reuters.com/business/autos-transportation/indias-mahindra-seeks-nod3-bln-shaanxi-jv-sources-say-2024-08-09/. As there has been some un-necessary speculation raised by the Reuter’s article, the Company on its own considers it necessary to clarify to the stock exchanges that the article is unfounded and there is no truth in the matter.

The above information is a part of company’s filings submitted to BSE