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

Livemint

Livemint · 1y 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.

Related News

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.

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

Economic Times

Economic Times · 22d 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.

M&M puts Finnish company Sampo on the block

Economic Times

Economic Times · 17d ago

M&M puts Finnish company Sampo on the block

Mahindra & Mahindra (M&M) is selling Finnish combine harvester maker Sampo Rosenlew Oy to focus on core businesses. This move aligns with M&M's strategy to exit non-core and underperforming assets. M&M acquired full control of Sampo in 2022, but the Finnish firm struggled with weak demand and development costs in emerging markets. An M&M spokesperson confirmed the decision, emphasizing operational adjustments and asset impairment amidst market changes.

Alvarez & Marsal hires former McKinsey exec to strengthen infra practice

VCCircle

VCCircle · 6m ago

Alvarez & Marsal hires former McKinsey exec to strengthen infra practice

Alvarez & Marsal (A&M) India has appointed Saurav Kumar as managing director to lead its infrastructure and capital projects practice. With over 16 years in consulting, Kumar has experience in engineering, construction, and renewable energy. This move aligns with A&M's focus on enhancing its infrastructure practice, driven by increased government investment in India's manufacturing sector. Previously, Kumar spent 12 years at McKinsey & Company. A&M continues to strengthen its team with strategic appointments.

Alvarez & Marsal hires former Accenture exec to helm life sciences vertical in India

VCCircle

VCCircle · 6m ago

Alvarez & Marsal hires former Accenture exec to helm life sciences vertical in India

Alvarez & Marsal (A&M) has appointed Akash Kedia to lead its healthcare and life sciences business transformation services in India. Kedia, with over 20 years of consulting experience, previously led Accenture's life sciences vertical in India. His expertise spans pharmaceuticals, wellness, and consumer goods. This appointment is part of A&M's strategy to build a strong leadership team, following several senior-level hires to enhance various business practices across sectors like infrastructure and energy.

'Govt gets paid before you do': LinkedIn post breaks down where your salary really goes

Business Today

Business Today · 4m ago

'Govt gets paid before you do': LinkedIn post breaks down where your salary really goes

In a viral LinkedIn post, Anish Sengupta, a tech professional, explores how a significant portion of a salaried worker's income is absorbed by taxes and employer profits, highlighting global variations. In the US, Europe, the Middle East, and India, taxes vary, with the government often being paid first. Sengupta discusses worker-generated value versus pay, emphasizing the importance of financial strategies to maximize personal wealth. He encourages professionals to invest wisely and rethink income perception.

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

Economic Times

Economic Times · 1m 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.

M&M auto sales rise 16% YoY to 87,839 units in September; tractor sales up 2%; stock gains | Mint

Livemint

Livemint · 11m ago

M&M auto sales rise 16% YoY to 87,839 units in September; tractor sales up 2%; stock gains | Mint

- Mahindra & Mahindra reported a 16% rise in total auto sales for September 2024 compared to the same month last year, with a total of 87,839 vehicles sold. - Passenger vehicle sales in the domestic market witnessed a growth of 24% with 51,062 units sold in September 2024. - Commercial vehicle sales increased by 6% to 33,750 units in September 2024. - M&M's exports also saw growth, with a 25% increase in September, totaling 3,027 units. - In the Farm Equipment Sector, M&M reported a 2% rise in total tractor sales, with 44,256 units sold in September 2024. - Domestic tractor sales increased by 3% to 43,201 units, while exports declined by 10% to 1,055 units in September 2024.

Not literal, directional: Goenka on Murthy's 70-hr workweek, Goyal's startup remarks

Inshorts · 4m ago

Not literal, directional: Goenka on Murthy's 70-hr workweek, Goyal's startup remarks

Billionaire Harsh Goenka posted on X, "When Murthy and Subrahmanyan spoke of 70-90 hour work weeks and Piyush Goyal questioned startups making vegan ice creams...they weren't being literal—they were directional." He added, "If India wants to compete with US or China, we can't just focus on comfort, convenience & brands." Goenka's remarks came after Union Minister Goyal criticised Indian startups.

Altman's challenge accepted: Freshworks CEO on making AI in India

Money Control

Money Control · 1y ago

Altman's challenge accepted: Freshworks CEO on making AI in India

Freshworks CEO Girish Mathrubootham, while launching entrepreneurship support program 'Together AI Studio', said, "I think we can surely say OpenAI CEO Sam Altman's challenge is accepted." The fund will invest between $500,000 to $5 million in startups, depending on their business' stage. "Building AI is a possibility from India and new-age startups in AI...are very promising," Mathrubootham said.

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