The M2Electro impressed out of the box, with Nick Heidfeld scoring the team's first podium in the opening round in Beijing.

Mahindra Racing developed the new M3Electro car, which proved to be a competitive package, powering the team to its maiden win at the hands of Rosenqvist at the 2017 Berlin ePrix.

Drivers Felix Rosenqvist and Nick Heidfeld remained with Mahindra for the fourth season, piloting the M4Electro to two further victories, in Hong Kong and Marrakesh, and three pole positions.

On 29 October 2020, Mahindra revealed the new M7Electro car, Alexander Sims and Alex Lynn were confirmed as the driver lineup for the 2020–21 Formula E season.

[11] On the following day, Mahindra announced the signing of 2020–21 series champion Nyck De Vries and Edoardo Mortara for the 2023–24 season.

[12] In January 2024, Mahindra drew significant criticism for using generative AI to create a fake Instagram brand ambassador named "Ava Rose" instead of hiring an actual woman.

[34] In November of the same year, they announced that riders Efrén Vázquez and Miguel Oliveira would be racing for the team in the 2013 season.

Mahindra Racing made history in the 2013 Malaysian Grand Prix taking the first-ever podium for an Indian constructor in the MotoGP World Championship Series.

At the end of 2013, Vázquez confirmed that he would no longer be riding with Mahindra Racing in the 2014 season, and was replaced by Arthur Sissis.

[39] The 2014 season saw some success for Mahindra, with their MGP3O recording three podiums – including a best-ever second-place finish by their customer team, Ambrogio Racing's rider Brad Binder at the German Grand Prix.

The first podium of the season was secured by Mahindra Racing rider Miguel Oliveira at the Assen circuit in the Dutch TT.

For the entire season, the team riders Oliveira and Andrea Migno regularly challenged at the front of the tight Moto3 pack.

[54][55] The Aspar Team's Mahindra MGP3Os were piloted by the 2014 Red Bull Rookies Champion, Spaniard Jorge Martin; Italian Francesco Bagnaia, a graduate of the VR 46 academy, who switched from the Sky VR46 team; and Juanfran Guevara, contesting his third Moto3 World Championship.

2016 got off to a strong start with Aspar Mahindra Moto3 Team rider Francesco (Pecco) Bagnaia securing a third-place podium finish at the opening round in Qatar.

The Italian teen picked up podiums in Jerez (Spain) and Mugello (Italy) before making his historic first win in Assen (Netherlands) – Mahindra's maiden victory in the World Championship, and a first for a bike made by an Indian company.

At the Czech Grand Prix, the Indian manufacturer also scored their first-ever double podium with John Mcphee and Jorge Martin.

[66] In the 2013 season, the team entered the Moto3 class (250cc 4 stroke) in the CIV with talented riders Andrea Locatelli and Michael Rinaldi.

Grand Prix rider Max Biaggi rode for Mahindra 2017 CIV – Italian National Championship (Moto3).