Mahindra shares lose Rs 18,000 crore: Is India-EU trade deal really bad for top SUV seller?

Mahindra & Mahindra shares fell over 4%, erasing Rs 18,000 crore in value, as investors worried about tariff cuts for European cars under the India-EU trade deal. But analysts say the calibrated quota, mass-market exclusions, and phased EV access limit the competitive threat to Mahindra’s core SUV business.