Mahindra & Mahindra (M&M), reaffirming its unwavering commitment to continuous investment in R&D and the ‘Make in India’initiative, announced that in the last one decade, the company saw a 20x growth in the number of patents granted – from 56 patents granted since inception in FY16 to 1334 in FY26.
Cumulative tally of applications filed by M&M stands at 2,728 as of March 2026, indicating M&M’s drive for innovation and excellence. Of the 1334 granted patents, 60% of them pertain to AutomotiveBusiness and 40% to Farm Business. Conversion ratio of applications to patents stood at 8% in FY16 and has improved to 65%+ for the applications filed over the last decade.
The growth in M&M’s patent portfolio, reflects the company’s growing R&D capabilities. This growing innovative heft has allowed the company to push the boundaries and create a technologically immersiveexperience for its customers. The patent portfolio also includes filings made by M&M subsidiary Mahindra Electric Automobile Ltd.
In addition to the patents, the company has won several prestigious awards for excellence in innovation. In the last one year alone, M&M has won the CII IP Award for the Best Patent Portfolio, theCII Innovation Award for being one of India’s Top 50 Innovative Companies 2025, the CII National Award for Industry-Academia Partnership, the Questel IP Excellence Award and recognition at the CMO Asia Awards 2025.
