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Mahindra CEO Anish Shah backs govt's efforts in US trade talks

Economic Times

Economic Times · 4m ago

Mahindra CEO Anish Shah backs govt's efforts in US trade talks

Mahindra CEO Anish Shah expressed confidence in the Indian government's handling of US trade talks, anticipating a strong, positive outcome. Despite the US tariffs and geopolitical challenges like semiconductor shortages, Shah believes India and the US have strong relations and expects resolution. He commended the India-UK FTA as a successful example. Amidst US accusations regarding Russian oil, India maintains its commitment to fair trade while safeguarding national interests.

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Just a month old in Mahindra Group, Anish Shah had said 'no' to Anand Mahindra

Economic Times

Economic Times · 4m ago

Just a month old in Mahindra Group, Anish Shah had said 'no' to Anand Mahindra

In his early days at Mahindra Group, Anish Shah, now CEO and MD, prominently challenged a board proposal by his boss, Anand Mahindra. His stance was ultimately supported by the board. Shah values such dissent as critical, calling it a "gift," emphasizing the importance of empowerment and open dialogue within leadership. He credits Anand Mahindra for fostering an environment that encourages diverse views, enabling innovation and maintaining core company values.

India poised to emerge as global manufacturing powerhouse: M&M Group CEO-MD Anish Shah

Economic Times

Economic Times · 5m ago

India poised to emerge as global manufacturing powerhouse: M&M Group CEO-MD Anish Shah

India is positioned to become a global manufacturing leader amidst geopolitical challenges, says Mahindra & Mahindra CEO Anish Shah. The country benefits from infrastructure growth, a young workforce, and favorable policies. Mahindra Group aims for global recognition, propelled by India’s economic potential. The group experienced significant growth in FY25, with revenues and profits rising notably. Mahindra’s diverse sectors, including renewables and mobility, contribute to this growth, while key business areas continue to expand and innovate.

We challenge OEMs to invest in India, compete with us: M&M's Anish Shah

Livemint

Livemint · 2y ago

We challenge OEMs to invest in India, compete with us: M&M's Anish Shah

Mahindra Group's CEO, Anish Shah, has thrown a challenge to global carmakers to invest in India and compete with local manufacturers like Mahindra in the electric vehicle (EV) segment. He expressed confidence in Mahindra's ability to compete with the best products in the market and highlighted the company's successful track record in India. Shah's comments come amidst speculation of an imminent import duty cut on EVs, which could attract foreign players to invest in the Indian market. Mahindra has already committed significant investments in its EV program and plans to launch five EVs by the end of 2024.

Can bring in a hybrid in a ’reasonable’ time frame if market demands: M&M’s Anish Shah | Mint

Livemint

Livemint · 1y ago

Can bring in a hybrid in a ’reasonable’ time frame if market demands: M&M’s Anish Shah | Mint

Mahindra & Mahindra (M&M) is confident in its ability to bring a hybrid SUV to market in a reasonable timeframe and expects a strong demand for its upcoming electric vehicle range. The company's CEO, Anish Shah, stated that M&M can meet consumer demand for hybrids or other powertrains if needed. Shah's comments come amid a renewed interest in hybrid vehicles in India following a government directive on road-tax waiver. M&M reported a 20% YoY increase in operational profit for Q1, with market share gains and strong volume growth in its SUV, light commercial vehicle, and tractor segments.

US to demand full market access for Amazon, Walmart's Flipkart in trade talks with India: FT report

Economic Times

Economic Times · 7m ago

US to demand full market access for Amazon, Walmart's Flipkart in trade talks with India: FT report

The United States is seeking full market access for Amazon and Walmart in India's ecommerce sector as part of bilateral trade negotiations. The discussions, linked to reciprocal tariffs, aim to ensure a level playing field for US ecommerce entities. Currently, India's policies permit foreign companies to operate only as marketplaces. The talks unfold amid a $125 billion market competition, US-India agreement outlines, and a significant trade deficit, with US efforts to bridge their trade gap.

India, US to step up efforts for BTA's early conclusion

Economic Times

Economic Times · 2m ago

India, US to step up efforts for BTA's early conclusion

India and the US held positive discussions focused on intensifying efforts to conclude a mutually beneficial trade agreement. In their first in-person meeting after previous tensions over tariffs, teams led by Brendan Lynch and Indian trade officials discussed next steps in negotiations. The ongoing talks aim to finalize the first tranche of the Bilateral Trade Agreement by the fall, despite challenges like US tariffs on Indian goods and disagreements over Russian oil purchases.

China launches probes targeting US semiconductors ahead of Madrid trade talks - The Economic Times

Economic Times

Economic Times · 2m ago

China launches probes targeting US semiconductors ahead of Madrid trade talks - The Economic Times

China has initiated two investigations targeting the US semiconductor sector prior to crucial trade talks in Spain. The probes focus on potential anti-dumping of US analog IC chips and alleged US discrimination against China’s chip industry, including US restrictions like export curbs. This development follows the US adding 23 Chinese firms to an entity list restricting their operations. The talks aim at easing trade tensions between the nations amidst ongoing reciprocal tariff pauses.

Deloitte South Asia CEO says trade and tariff disputes unlikely to persist indefinitely

Economic Times

Economic Times · 4m ago

Deloitte South Asia CEO says trade and tariff disputes unlikely to persist indefinitely

Deloitte South Asia CEO Romal Shetty believes that current trade and tariff disputes won't last indefinitely. He anticipates easing tensions in a few months, highlighting strengthened India-US relations due to shared interests and strategic geopolitical positioning. Both countries are negotiating a crucial trade pact, with another round of talks planned in August. Shetty is optimistic about resolving the disputes and sees India's strong position benefiting its strategic and geopolitical standing.

Only 13% of 'Made in India' EVs qualify for govt's PLI scheme as China factor looms in auto sector

Economic Times

Economic Times · 19d ago

Only 13% of 'Made in India' EVs qualify for govt's PLI scheme as China factor looms in auto sector

India’s electric vehicle (EV) market is heavily reliant on Chinese imports, impacting local production and government incentive eligibility. Only 13% of EV models, mainly from Tata Motors and Mahindra, qualify for India’s Production Linked Incentive (PLI) scheme, which requires significant domestic value addition. This reliance is due to challenges in local supply chain development, with critical components like semiconductors and batteries mostly imported, hindering efforts to localize the EV industry and reduce supply chain volatility.

Piyush Goyal likely to visit Washington soon for trade talks

Economic Times

Economic Times · 2m ago

Piyush Goyal likely to visit Washington soon for trade talks

Commerce and Industry Minister Piyush Goyal may visit Washington soon to advance India-US trade talks, following discussions between US Chief Negotiator Brendan Lynch and India's Rajesh Agrawal on a bilateral trade agreement. The meeting aimed to expedite a mutually beneficial trade agreement. The US, imposing tariffs on Indian goods, remains India's top trading partner. The bilateral trade goal is $500 billion by 2030, with current trade at $191 billion.

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