Mahindra & Mahindra Ranked 11th Among Global Automobile Manufacturers: Insights from Anand Mahindra
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Mumbai, Jan 1 (NationPress) Mahindra & Mahindra (M&M) has achieved the status of the 11th most valuable automobile manufacturer worldwide, outpacing various competitors and former technology partners, according to its Chairman, Anand Mahindra, who made this announcement on Wednesday.
In his New Year message to Mahindra Group employees, he highlighted that among the firms listed in the NIFTY50 back in 2002, M&M has recorded the highest compounded annual growth rate in share price to date, and impressively, has surged by 77 percent in just the last year.
“For the fourth consecutive year, we have been included in the Dow Jones Sustainability Index’s World Index, securing the top spot among automotive OEMs,” Anand Mahindra remarked.
Among the group’s various ventures, Mahindra Susten surpassed its yearly targets, achieving a cumulative win pipeline of 3.3GWp, which is over 60 percent of its planned capacity.
“The Last Mile Mobility segment maintained its leadership in electrifying India’s 3W market, while Mahindra Finance saw its loan portfolio expand to over Rs 1.1 lakh crore. Additionally, the tractor division reinforced its leading position in India despite fierce competition,” the Chairman shared.
Regarding the EV business, he expressed that it requires boldness for a traditional SUV manufacturer to invest significantly in the uncertain future of electric vehicles.
“A profound dedication to innovation is essential to integrate state-of-the-art technology, design, and performance into vehicles with distinct features. I foresee this as a signal for the future of every enterprise within the Group,” Anand Mahindra concluded.
He articulated that India is strategically positioned to be self-reliant.
“India has evolved beyond being the 99-pound lightweight on the beach. It is capable of showcasing military strength and enjoys political stability, strengthened by its vibrant democracy, as evidenced during the central elections where over a billion people voted in a seamless, peaceful, and effective manner,” he noted.
India can boost its economic potential by capitalizing on emerging affinities and alliances to become a pivotal player in the global supply chain network.
“We are likely to be less influenced by unpredictable global changes compared to many other nations. In this light, our Group should encounter abundant opportunities for growth, both domestically and internationally,” Anand Mahindra informed his employees.
