Kolkata, April 24, 2026: In a strong testament to its innovation-driven strategy, Mahindra & Mahindra (M&M) has reported an extraordinary 20-fold increase in its patent portfolio over the past decade. The company revealed that its total number of granted patents has surged from just 56 in FY16 to an impressive 1,334 patents in FY26.
This significant rise underscores M&M’s sustained investment in research and development, aligned with India’s broader Make in India initiative. The company’s cumulative patent applications have reached 2,728 as of March 2026, highlighting a consistent push toward technological advancement and engineering excellence.
A closer look at the portfolio shows that 60% of the patents are linked to the automotive segment, while the remaining 40% pertain to the farm business. Notably, the efficiency of M&M’s innovation pipeline has improved substantially, with the conversion rate of applications to granted patents jumping from 8% in FY16 to over 65% in recent years.
The company’s growing intellectual property strength is also supported by contributions from its subsidiary, Mahindra Electric Automobile Ltd., reflecting its expanding footprint in electric mobility and future-ready technologies. This robust R&D ecosystem has enabled M&M to deliver increasingly sophisticated and technology-driven experiences to its customers.
In recognition of its innovation leadership, M&M has garnered several prestigious accolades over the past year. These include the CII IP Award for Best Patent Portfolio, a spot among India’s Top 50 Innovative Companies at the CII Innovation Awards 2025, the CII National Award for Industry-Academia Partnership, the Questel IP Excellence Award, and honors at the CMO Asia Awards 2025.
With this remarkable growth, Mahindra & Mahindra continues to cement its position as one of India’s leading innovation-driven enterprises, setting new benchmarks in automotive and agricultural technology.
