Mahindra & Mahindra Ltd has decided to exit its agri-machinery business in Japan, marking a further step in the company's global portfolio rationalisation strategy. The company will withdraw from Mitsubishi Mahindra Agricultural Machinery Co (MMAM), citing disciplined capital allocation and a sharper focus on long-term value creation. Mahindra said the Japan agri-machinery operations will be wound down in an orderly manner, with a complete cessation targeted by the first half of FY27.
The company, based in Matsue City and headed by CEO Toru Saito, intends to gradually wind down its manufacturing and sales operations by the first half of fiscal year 2027. It operates as a joint venture between Mahindra & Mahindra and Mitsubishi Heavy Industries, functioning under the broader Mitsubishi Group umbrella.
The exit follows a strategic review of international operations, with the company determining that the business was not viable within its broader global framework.
Mahindra added that it has put in place a structured transition plan to minimise disruption. During the wind-down phase, the company will continue to provide parts supply and warranty support to existing customers in Japan.
The company, established in 1914 and known for supplying agricultural machinery both within Japan and to overseas markets, said it had undertaken restructuring efforts, introduced new products, and explored fresh markets in an attempt to adapt to shifting industry conditions. Despite these efforts, it concluded that staying in this line of business would no longer be viable.
The firm also noted that it will reach out to partners individually to ensure an orderly shift and will extend the highest possible level of re‑employment assistance to workers affected by the closure. It expressed appreciation to customers and stakeholders for their long-standing trust and support throughout its decades of operation.
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