M&M shares in focus as Mahindra Group partners with US defence tech firm for autonomous maritime systems; check details

The companies also plan to jointly come up with advanced AI-enabled Counter Unmanned Aerial System (CUAS) technologies and innovative Command and Control (C2) software.

The collaboration seeks to strengthen regional security by deploying next-generation autonomous solutions and enhancing capabilities for maritime operations, the Mumbai-based Mahindra Group said in a statement.

The partnership focuses on developing modular autonomous underwater vehicles (AUVs) that can be rapidly deployed for security, surveillance, survey, and reconnaissance missions, significantly enhancing underwater operational capabilities, it said.

It also aims to develop advanced CUAS technologies capable of detecting and neutralising drone threats, providing enhanced protection against unmanned aerial systems, it added.

The entities will also focus on developing a sensor fusion platform to integrate multiple sensor technologies into a flexible, open API architecture, streamlining integration processes and accelerating the adoption of advanced technologies across complex security programs.

"Global security forces face a rapidly evolving set of threats from both emerging unmanned systems and legacy manned platforms, and autonomy is key to maintaining credible protection," Anduril Industries SVP—Global Defence Greg Kausner said.

"We believe that our two companies together are well poised to bring cutting-edge, autonomy-enabled capabilities to the Indian market," Kausner added.

Meanwhile, Mahindra Group Executive Board Member Vinod Sahay said that partnering with Anduril Industries marks a significant milestone in Mahindra Group's commitment to developing advanced security and autonomous technologies.

M&M Q3 FY25 Results

The auto major reported a 20% jump in consolidated profit after tax (PAT) at ₹3,181 crore in the December quarter over the corresponding quarter of the previous fiscal.

The company posted a consolidated PAT of ₹2,658 crore in the third quarter of FY23-24.

Revenue for the quarter under review grew 17% year-on-year at ₹41,470 crore from ₹35,299 crore a year earlier.

Shares of the M&M have rallied around 50% in the past 12 months.