Mahindra & Mahindra (M&M) has reached a significant milestone, now holding the position of the 11th most valuable automobile manufacturer worldwide, according to Chairman Anand Mahindra. This achievement underscores the company’s strong growth trajectory and strategic advances, surpassing several major competitors in the global automotive market.
In his New Year message to Mahindra Group employees, Mahindra pointed to the company’s remarkable financial performance, noting that M&M has recorded the highest compounded annual share price growth rate among NIFTY50 companies since 2002. Over the past year, the company’s stock price has surged by an impressive 77%, reflecting strong investor confidence.
“For the fourth consecutive year, we have been included in the Dow Jones Sustainability Index’s World Index as the highest-ranked automotive OEM,” Mahindra proudly shared. This recognition highlights M&M’s commitment to sustainability and responsible corporate practices.
Key achievements from the company’s diverse portfolio include Mahindra Susten’s notable growth, with a 3.3GWp cumulative win pipeline, which is already more than 60% of its targeted capacity. Meanwhile, Mahindra’s Last Mile Mobility unit continues to lead India’s electric three-wheeler market, and Mahindra Finance has expanded its loan book to over ₹1.1 lakh crore. Additionally, the company’s tractor business maintains its leadership despite fierce competition.
On the topic of electric vehicles (EVs), Mahindra stressed the innovative drive required to transition from a traditional SUV manufacturer to a major player in the EV market. “It takes bold commitment to bring cutting-edge technology, design, and performance to vehicles that offer something unique,” he remarked. The company’s ambitious EV strategy signals a bright future for Mahindra and its group companies.
Reflecting on India’s growing prominence, Mahindra acknowledged the country’s strengthened position on the global stage. “India is no longer the 99-pound lightweight on the beach. It can demonstrate military might, offer political stability, and serve as a critical player in the global supply chain,” he observed. With India’s robust democracy and strategic role in the shifting global landscape, Mahindra is confident in the company’s continued growth prospects, both at home and internationally.
Mahindra & Mahindra’s latest achievements underscore its continued innovation, market leadership, and sustainability focus, solidifying its position as a global automotive force.
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