Among Sensex constituents, Tata Steel declined 2.64% to Rs 197. Eternal slipped 1.58%, while Mahindra & Mahindra (M&M), HCL Technologies and Infosys fell 1.23%, 1.23% and 1.18%, respectively.
Mahindra & Mahindra (M&M) declined 4.09%, while Eternal, Maruti Suzuki and IndiGo down 1.53%, 1.03% and 1.03%, respectively.
The India-EU FTA is expected to include provisions that balance market access with protection for domestic manufacturers such as Tata Motors and Mahindra & Mahindra.
At BT Davos 2026, Siddharth Zarabi, Group Editor, Business Today, speaks with Mohit Joshi, MD & CEO, Tech Mahindra, on the company’s hiring outlook and skill training. Joshi says the outlook is positive. On training, he explains that Tech Mahindra has invested heavily in AI training for all staff, providing licenses for tools like Microsoft Copilot, Perplexity for sales teams, and Gemini 2.5 for employees in a significant way. SPONSORS: State Partner: Andhra Pradesh India's Sunrise State Exchange Partner: NSE India Knowledge Partner: Primus Partners Hospitality Partner: Optimax Aces Luxury Partners: Rasasi Imtiyaz Group
Stocks including TCS, Vedanta, Mahindra & Mahindra, IREDA, DMart, NTPC, Shriram Finance, ICICI Lombard GIC, Akzo Nobel and more will be in the spotlight on Monday, January 12.
MOFSL said Mahindra and Mahindra planned to launch two additional internal combustion engine variants in FY27, along with one more electric vehicle in the same fiscal year.
Mahindra has unveiled the all-new XUV 7XO, the successor to the XUV700, with refreshed styling, a tech-rich cabin and enhanced safety features. Priced between ₹13.6 lakh and ₹24.9 lakh, the SUV aims to redefine the premium segment. R Velusamy, President – Automotive Business, Mahindra & Mahindra, shares insights on feature plans and more.
Mahindra & Mahindra reported a 25% year-on-year jump in automobile sales to 86,090 units, including exports, in December 2025. Domestic passenger vehicle sales rose 23% to 50,946 units, compared with 41,424 units in December 2024. Domestic commercial vehicle sales stood at 24,786 units, registering a 34% year-on-year growth, the company said. In an exclusive conversation with Sakshi Batra, Nalinikanth Gollagunta, CEO – Automotive Division, Mahindra & Mahindra, and Executive Director – Mahindra Electric Automobile, said the company is not ruling out a price hike, though the timing remains difficult to predict. He added that any price increase would be marginal and would not offset the benefits of GST rationalisation.
On the final day of 2025 - a challenging year with Nifty delivering ~9-10% returns amid volatility, FII outflows, and mid/small-cap pain - analyst Deven Choksey of DR Choksey sees strong promise for 2026. India enters as the world's fourth-largest economy with robust 7.3-7.5% GDP growth projections, lower taxes, reduced GST rates, falling interest/inflation, and export-boosting FTAs. Markets remain reasonably valued at ~20x forward P/E. He expects large-caps to lead, with selective mid/small-caps offering opportunities only on corrections. Key optimism lies in IT (TCS, Infosys via AI shift), NBFCs (Bajaj Finance, Shriram Finance, Bajaj Housing), autos (Mahindra & Mahindra, Bajaj Auto, ancillaries like Minda), Reliance (for Jio/retail listings), and education players like Jaro Education. Mid/small-caps face consolidation, not boom.
As Al reshapes industries, many fear disruption. I respectfully disagree. I believe Al is an accelerator, not a threat, says Anand Mahindra
The market veteran highlighted earnings prospects, valuation concerns in defence counters and stock preferences within the auto and ancillary space.





