India’s auto majors — Tata Motors Limited and Mahindra & Mahindra Limited — have filed separate clarifications with BSE Limited rebutting a media article that claimed Indonesia had put vehicle imports from the two companies on hold. In detailed responses to the exchange’s queries dated March 2, 2026, both companies maintained that their export orders remain intact and that the publication has no material bearing on their businesses.

Tata Motors: 70,000-unit order remains programme-driven

In a point-wise reply, Tata Motors said its Indonesian subsidiary, PT Tata Motors Distribusi Indonesia (PT Indonesia), had entered into an agreement for the supply of 70,000 vehicles for deployment in the Southeast Asian market. The company had previously disclosed this via a February 10, 2026 press release to stock exchanges.

Addressing the status of negotiations, Tata Motors stated that “PT Tata Motors Distribusi Indonesia, a subsidiary of the Company (‘PT Indonesia’), entered into an agreement for the supply of 70,000 vehicles for deployment in Indonesia.” It added that “The order and advance we have received remains programme-driven and we intend to begin supplies soon and complete deliveries in a phased manner as per our commitment,” underscoring that execution plans remain on schedule.

On whether undisclosed information could explain trading movement, Tata Motors said it had ascertained that local coverage in Indonesia — later reproduced in India — reflected a broader domestic policy discussion around imports and localisation.

“We have ascertained from PT Indonesia that media reports in Indonesia (reproduced in India) reflect a domestic policy discussion on imports and local manufacturing, not demand or execution risk of the order received,” the filing stated, adding that “the published article has no material impact on the Company.”

M&M: No suspension notice; advance received

Separately, M&M, in its filing, referred to its February 4, 2026 press release titled “Mahindra bags its biggest ever export order; 35,000 units of LCVs to be delivered to Agrinas Pangan Nusantara, Indonesia in 2026,” confirming receipt of the export order. The company clarified that the information “was not considered material as per the thresholds prescribed in Regulation 30” of the SEBI (LODR) Regulations.

M&M further disclosed that it has received an advance payment against the order and that, “as on date, the Company has not received any further intimation / communication from Indonesia about the suspension of order for the supply of vehicles.”

M&M also confirmed that “there is no pending information and/or announcement… which, in our opinion, may have a bearing on the price behaviour of the Company’s scrip,” adding that any share price movement is “purely market driven.”

The parallel clarifications come amid heightened scrutiny of export markets and policy signals from key overseas destinations. By formally addressing the issue through exchange filings, both automakers have sought to dispel uncertainty and reaffirm continuity in their Indonesia business engagements.