New Delhi, May 3 : Mahindra & Mahindra (M&M), the automotive and farm equipment flagship of the Mahindra Group, on Friday said that it received a record 674 patents in FY24, the most of any Indian four-wheeler automobile/farm equipment manufacturer.

This is a 380 per cent surge in the number of patents issued to M&M over FY23.

"Our relentless pursuit of cutting-edge technologies has enabled us to create the safest and most advanced products and positioned us as a true innovator in the industry," Rajesh Jejurikar, ED & CEO (Auto & Farm Sectors), M&M, said in a statement.

The company said that they have been granted 1,185 patents across multiple geographies and currently have 193 applications awaiting patent approval as of March 31, 2024.

Cumulatively, we have filed 2212 patent applications to date. The patent portfolio also includes fillings of M&M's subsidiary, Mahindra Electric Automobile Ltd, according to the company.

In addition to patents, the company mentioned that they have had 115 designs registered and 178 new applications filed.

M&M's patent portfolio covers a range of critical functions, such as powertrain (ICE & EV), vehicle mechanical systems, electronics, manufacturing processes, electric tractors, and advanced engineering, among others.

/IANS