IANS | 03 May, 2024
Mahindra & Mahindra (M&M), the automotive and farm equipment
flagship of the Mahindra Group, said on Friday that it received 674
patents in FY24, the most by any Indian four-wheeler automobile/farm
equipment manufacturer.
This marked a 380 per cent surge in the number of patents issued to M&M over FY23.
"Our
relentless pursuit of cutting-edge technologies has enabled us to
create the safest and most advanced products and positioned us as a true
innovator in the industry," Rajesh Jejurikar, ED & CEO (Auto &
Farm Sectors), M&M, said in a statement.
The company said it
also granted 1,185 patents across multiple geographies and currently has
193 applications awaiting patent approval as of March 31, 2024.
"Cumulatively,
we have filed 2212 patent applications to date. The patent portfolio
also includes fillings of M&M's subsidiary, Mahindra Electric
Automobile Ltd," the company said.
In addition to the patents, the
company also registered 115 designs and filed 178 new applications
during the period under review.
M&M’s patent portfolio covers a
range of critical functions, such as powertrain (ICE & EV), vehicle
mechanical systems, electronics, manufacturing processes, electric
tractors, and advanced engineering, among others.
