Mahindra dismisses rumours of Indonesia order suspension

Mahindra & Mahindra Ltd dismissed rumours of Indonesia suspending its 35,000-unit Scorpio order, confirming receipt of advance payment. The company secured an export order exceeding its total FY25 exports of 34,700 units. In Q3FY26, it reported 39 percent year-on-year profit growth, while farm exports rose 36 percent year-on-year with margin expansion of 240 basis points.