Chennai: Mahindra Group is betting on a clutch of fast-growing businesses beyond its core automotive and farm equipment operations, setting ambitious expansion targets across hospitality, real estate, logistics, renewable energy, electric mobility and aerospace as it seeks to build multiple long-term growth engines.The diversified conglomerate said its so-called “Growth Gems” — 12 businesses within the Mahindra Group — are well positioned to benefit from structural trends, including rising consumer spending, infrastructure expansion and digitalisation, and outlined medium-term goals for each of them.“Our Growth Gems have continued to build momentum across businesses. Mahindra Lifespaces recorded a seven-fold increase in profit, while Aerospace built a strong order book exceeding $1 bn. The Logistics business broke even after 11 quarters of losses, Advanced Technologies remains on a strong growth trajectory, and the Trucks & Buses business is well positioned following the SML acquisition, Anish Shah, group CEO & MD, Mahindra Group, said in the company’s latest annual report.Among the key goals, the group plans to double room inventory to 12,000 keys at Mahindra Holidays & Resorts India Ltd by FY30, driven by rising leisure travel and expanding middle-income households. Mahindra Lifespace Developers has set out a vision to reach ₹10,000 crore in sales by the same year, up from ₹4,118 crore in consolidated revenue in FY26, supported by robust residential demand and a preference for premium integrated townships.Mahindra Logistics Ltd aims to double its topline by FY31 (up from Rs 6999 crore in FY26) capitalising on India’s logistics formalisation and technology-enabled supply chain models, while the group’s last-mile mobility business is targeting one million electric vehicles on Indian roads by 2031, up from 3.4 lakh EVs sold cumulatively.Renewable energy arm Mahindra Susten plans to more than triple its portfolio from 2.1 GWp to 7 GWp by FY31. Mahindra Aerostructures, backed by an order book of about $1.13 billion, is aiming to become one of the world’s top 10 aerostructures suppliers.In commercial vehicles, Mahindra’s trucks and buses business is targeting a top-three position in intermediate light commercial vehicles after raising its market share to about 6% following the acquisition of SML Isuzu.
