Dr. Anish Shah at the Smart Manufacturing Summit 2024
Dr. Anish Shah, MD & CEO of Mahindra Group was present at the CNBCTV18’s ‘ZeeTwerk Zee TV Smart Manufacturing Summit 2024’. He highlighted India's resilience amidst global challenges and Mahindra's growth prospects across various sectors, including real estate, hospitality, and EVs. Dr. Shah emphasised the need for cost parity in EVs and domestic manufacturing incentives, advocating for sustainability and gender parity. Watch the engaging discussion for more insights into Mahindra's strategic priorities and future vision. Watch now
Latest news and updates from Mahindra Group
Future of Work
Industry Ready
Engineering skill set, enabling policies make India key player in global automotive value chain: Rajesh Jejurikar
Rajesh Jejurikar, Executive Director & CEO - Auto & Farm Sectors at M&M Ltd., highlighted India's potential as a key player in the global automotive value chain due to its strong engineering skill set and enabling policies in an ET Auto interview earlier last week. He spoke of the dynamic growth he anticipates in 2024 with SUVs leading the charge. Rajesh emphasised the growing demand for connected car solutions and expects an inflection point in electric vehicle adoption, supported by conducive policies and expanding charging infrastructure. Read the full interview here. Read more
Market Trends
FES announces its tractor sales for February 2024
M&M Ltd. reported strong performance in the farm sector for February 2024, with domestic tractor sales reaching 20121 units and total tractor sales (Domestic + Exports) at 21672 units. Despite challenges in certain regions due to erratic monsoons, the Rabi crop outlook is optimistic, especially for wheat. Hemant Sikka, President of the Farm Equipment Sector, highlighted government support and enhanced credit availability as key factors driving future tractor demand. Read more
Auto Sales
M&M Ltd. announced its overall auto sales for February 2024
In the automotive segment, M&M Ltd. witnessed significant growth in February 2024, with domestic utility vehicle sales reaching 42401 units, reflecting a remarkable 40% increase. The domestic sales for commercial vehicles stood at 22825. Overall auto sales, including exports, totalled 72923 vehicles, marking a substantial 24% growth over the previous year. Veejay Nakra, President of the Automotive Division, mentioned the launch of new variants such as the Scorpio N Z8S and the Thar Earth edition, aimed at meeting consumer demand effectively. Read more
Green Technology
Mahindra Group and Johnson Controls launch Net Zero Buildings Initiative
The Mahindra Group and Johnson Controls have teamed up to launch a groundbreaking Net Zero Buildings Initiative aimed at decarbonizing India’s commercial, urban residential and public buildings. With three-quarters of India’s anticipated 2040 buildings yet to be constructed and the sector responsible for a significant portion of emissions and energy consumption, the initiative seeks to simplify access to resources for organisations to embark on their net zero buildings journeys. Through a cost-free toolkit and training, building owners can learn best practices, assess building parameters, implement conservation measures and understand regulations, incentives and financing models. Read more
Gender Inclusivity
How to empower women farmers to unlock agri economy: Hemant Sikka
Hemant Sikka pens an insightful opinion piece for Fortune India, drawing attention to the remarkable journey of Misbah from Zaheerabad, Telangana, whose story serves as a beacon of inspiration. Misbah’s transition from a farmer to a tractor-driving instructor embodies resilience and determination, challenging gender norms in a male-dominated field. As India’s agricultural sector witnesses significant growth, Sikka emphasises the pivotal role of women farmers, who often go unnoticed despite their indispensable contributions. He underscores the imperative of integrating the women’s perspective into agricultural policies and research, fostering inclusive growth and positioning India as a global leader in agriculture. Read more
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