Mahindra and Mahindra Ltd (M&M) has fully exited its stake in CIE Automotive SA, a Spanish auto component manufacturer, by selling its 3.58% stake for €126 million. This decision is part of M&M's broader strategy to divest from non-core investments and focus on high-growth areas such as automobiles, tractors, and aerospace. The sale follows a previous transaction in which M&M sold a similar stake for €119 million. The company has been actively reducing its international portfolio, including exits from subsidiaries in Japan, Finland, and Sri Lanka, which collectively incurred annual losses of approximately ₹313 crore (about $37.5 million USD). Under the leadership of Anish Shah, M&M is committed to investing in the Indian market, planning to launch 16 new vehicles over the next five years, including 10 internal combustion engine vehicles and 6 electric vehicles. This strategic shift reflects M&M's focus on consolidating its investments in profitable sectors while winding down its presence in loss-making international ventures.