New Delhi, Oct. 9 -- Mahindra Group on Thursday clarified that there are no plans for a demerger of the company's auto and tractor businesses after news reports surfaced, which fuelled these speculations.

Amid reports suggesting a significant restructuring, the company has decided to clarify to the stock exchanges that there is no plan for a demerger of the auto and tractor businesses, the auto giant stated in a Bombay Stock Exchange (BSE) filing.

Mahindra Group maintained its long-standing position. "The Company has clarified this in the past and maintains that it sees much greater value from synergies by keeping these businesses within the M&M (Mahindra and Mahindra) entity."

The official clarification comes after several news report...