Domestic Automakers Rev Up Innovation: Mahindra & Mahindra and Tata Motors See Record Patent Approvals

India's automotive sector is experiencing a surge in innovation, with leading manufacturers Mahindra & Mahindra (M&M) and Tata Motors achieving record-breaking patent approvals in the last fiscal year (2023-2024).

M&M Sets New Benchmark

M&M secured an impressive 674 patent approvals, marking their highest annual achievement. This milestone underscores the company's research and development (R&D) commitment.

"We understand the importance of being future-ready," stated Rajesh Jejurikar, M&M's Executive Director and CEO (Auto and Farm Sectors). Our substantial investments in R&D ensure we remain at the forefront of talent and technology."

M&M boasts a robust patent portfolio with over 1,185 granted patents across various regions. As of March 31, 2024, they had 193 pending applications and 2,212 filed patents. Their innovations include advanced engineering, electric tractors, manufacturing processes, electronics, powertrain technologies (internal combustion engines and electric vehicles), and vehicle mechanical systems.

Tata Motors Drives Innovation

Tata Motors also witnessed a historic year, receiving 333 patents – the highest number in their company history. This achievement brings their total granted patents to over 850.

The company's focus on innovation is further emphasized by its record-breaking number of patents (222) and design applications (117) filed in FY24. These filings encompass advancements related to key automotive megatrends like electrification, connectivity, sustainability, and safety. Additionally, the patents cover various vehicle systems like powertrain, suspension, brakes, and emission control.

Shaping the Future of Mobility

Rajendra Petkar, President & Chief Technology Officer of Tata Motors, expressed pride in their record-breaking performance. "With this achievement, we continue to redefine automotive excellence," he declared.

"As the mobility landscape evolves, Tata Motors remains at the forefront, shaping a smarter and more connected future for everyone," Petkar added.

This surge in patent approvals by M&M and Tata Motors signifies a positive shift towards innovation within the Indian automotive industry. These advancements will likely play a crucial role in shaping the future of India's sustainable and technologically advanced mobility solutions.