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Mahindra sells Turkey foundry stake handing control to Hisarlar led consortium
Business
Published on 24 April 2026
Deal shifts control of Erkunt Foundry to a new team
Mahindra & Mahindra has exited its interest in Turkey’s Erkunt Foundry, selling its stake to a consortium led by Hisarlar Makina Sanayi. The company says the move is part of its capital allocation strategy. The transaction is reported at 100,000 Turkish Lira, with control transferred to the new consortium.
- Mahindra exits its stake in Erkunt Foundry in Turkey
- Hisarlar Makina Sanayi leads the acquiring consortium
- Move is linked to Mahindra’s capital allocation strategy
- Transaction valued at 100,000 Turkish Lira
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times