Page 2 - Anand Mahindra

Walt Disney, Mahindra group officials join USISPF Board of Directors

Walt Disney and Mahindra group officials have joined the Board of Directors of US India Strategic and Partnership Forum, which the organisation said is testimony to the success story of American companies in India and a growing presence of Indian conglomerates in the US. The two officials are Dorothy Attwood, senior vice president of Global Legal, Policy and Compliance for The Walt Disney Company, and Amarjyoti (Amar) Barua, Executive Vice President (EVP) of Group Strategy at the Mahindra Group to the Board of Directors, the US India Strategic and Partnership Forum (USISPF) said in an announcement. Attwood, in her current role, is responsible for the company's international legal and government affairs functions around the world, outside of the US, and leads strategic public policy initiatives as well as ESG and Sustainability globally across all business segments. Attwood also leads the Privacy Legal Department and the Government Ethics and Compliance Group enterprise-wide. Barua

World needs India to become reliable challenger to China: Anand Mahindra

The world needs India to become a reliable challenger to China's supply-chain dominance, which will provide a great opportunity in 2024 and investment will flow into the country in unprecedented volumes, according to Mahindra Group Chairman Anand Mahindra. In his New Year message, Mahindra also said all signs point to the Indian economy achieving "the mythical lift-off that we have been awaiting, for decades" and predicted that in 2024 "companies that are able to create a portfolio of desirable products both in features and price will face the happy challenge of raising their production to meet demand". Stressing that "a New Year is special because it always symbolises a new beginning", he said, "No matter how dark the year has gone by, the human spirit has an abiding capacity for hope. 2023 was a year characterised by conflict, climate change and a sluggish post-Covid recovery. The year ended with the world crying out for renewal." The first day of the new year opens a new chapter,

Mahindra sales rise 21% to 70,576 units in November, export declines

Mahindra & Mahindra on Friday said its total wholesales increased by 21 per cent year on year to 70,576 units in November. The Mumbai-based automaker had dispatched 58,303 units in November 2022. Utility vehicle dispatches stood at 39,981 units last month, an increase of 32 per cent over 30,238 units in the year-ago period, Mahindra & Mahindra (M&M) said in a statement. Exports, however, declined 42 per cent last month to 1,816 units as compared to 3,122 units in November 2022. "We continue our growth trend, backed by strong demand for our SUV portfolio...While we saw a healthy festive season, we faced supply challenges on select parts during the month. We are keeping a close watch and taking appropriate steps to mitigate the challenges," M&M President Automotive Division Veejay Nakra said. M&M said its tractor wholesales stood at 32,074 units in November as compared to 30,528 units in the year-ago period. Exports, however, declined to 1,005 units last month from ..

M&M November sales: Total sales up 21% to 70,576 units, SUV sales shine

Exports for November 2023 were down 42% year-on-year. Year-to-date exports until November 2023 also dropped 17%, reaching 17,986, compared to 21,633 units exported during the same period in FY23

Anand Mahindra prays for rescue of 41 trapped workers in Uttarkashi tunnel

The MC Group Chairman requested NDRF personnel for a rapid rescue. The labourers were trapped inside after a landslide on Diwali. The tunnel is a part of the centre's Char Dham project

'Very, very proud': Anand Mahindra on Araku coffee gifted to G20 leaders

Araku coffee was founded as an effort of the Andhra Pradesh government to help the underprivileged tribal farmers from the scenic Araku Valley

India in pole-vaulting distance to oust China as world's factory: Mahindra

Mahindra suggested that doubts surrounding China's ambitions and disruptions to supply chains in the wake of Covid-19 have also worked in India's favor

Weekend Bites: Elon Musk, Marc Andreessen in the AI of the storm

In which we munch over the week's platter of news and views

IPL 2023: Here's why Anand Mahindra thinks M S Dhoni should join politics

Adding that Dhoni is an 'obvious future leader', Mahindra's comment comes hours after Chennai Super Kings (CSK) won its fifth Indian Premier League (IPL) under Dhoni's leadership

Need to step up refining capacity: Anand Mahindra on lithium reserve in Raj

Leading industrialist Anand Mahindra on Tuesday hailed the discovery of lithium reserves in Rajasthan and called for quickly stepping up to install refining capacity of the crucial mineral in the country. In a tweet, he noted that China already has a lead when it comes to refining capacity. "Finally. We have sizeable reserves of a natural resource critical for growth in the 21st century. A signal that India has an 'electrifying future.' But the key element in the supply chain is refining, not reserves, where China has a huge lead. We need to step up quickly to install that capacity," Mahindra tweeted. According to various reports, the Geological Survey of India (GSI) has found another reserve of lithium in Degana in Rajasthan's Nagaur district. Lithium is primarily used to produce rechargeable batteries, especially those used in electric vehicles and portable electronic devices, among others. Earlier, lithium reserves were also found in Jammu and Kashmir.

Oldest Indian billionaire, champion of education: Who was Keshub Mahindra?

Keshub Mahindra passed away on April 12 at the age of 99

Former Mahindra chairman Keshub Mahindra passes away at age of 99

Mahindra is known for tranforming the Mahinndra Group from assembler of Willys jeeps in India into a diversified conglomerate

When is the best time to take risk in your career? Anand Mahindra responds

The industrialist on Tuesday once again took to Twitter to share some important lessons related to leadership for people who are just getting started with their careers

Anand Mahindra discusses investment proposals for UP with CM Adityanath

Chairman of Mahindra Group Anand Mahindra met with Uttar Pradesh Chief Minister Yogi Adityanath at his official residence here on Monday, according to an official statement. In light of the upcoming Global Investors Summit, investment proposals from the group for Uttar Pradesh were discussed during the meeting, it said. Greeting Anand Mahindra on his arrival in Uttar Pradesh, the chief minister said the Mahindra Group has expertise in various sectors and the state will benefit from its long experience, technology, research and innovations. Referring to 25 sectoral policies of the state, Adityanath said these were prepared keeping in mind the needs and expectations of the industry. "The state has a huge land bank and open power access. Here the interest of investors is protected. All these facilities will be made available to the Mahindra Group by the government," the statement quoted Adityanath as saying. Describing the state's industrial development policies as encouraging for the

Had toyed merging with Satyam a year before it went bust: Anand Mahindra

The Mahindra Group had toyed with the idea of merging with Satyam Computer Services a year before the Hyderabad-based IT company went bust, its Chairman Anand Mahindra said

Year in review: 10 Indian business persons who grabbed headlines in 2022

From Gautam Adani, Nischal Shetty to Falguni Nayar and Kaivalya Vohra, take a look at Indian business leaders who grabbed headlines in the year gone by

Year in review: 10 Indian business persons who grabbed headlines in 2022

From Gautam Adani and Nischal Shetty to Falguni Nayar and Kaivalya Vohra, take a look at Indian business leaders who grabbed headlines in the year gone by

Anand Mahindra retweets 'top 10 educated countries' without India on list

According to the Economic Survey, India spent 3.1 per cent of its GDP on education in 2019-2020

Mahindra Lifespace crossed $1 bn m-cap, proved sceptics wrong: CEO

Mahindra Group Chairman Anand Mahindra on Friday said the market cap of its realty firm Mahindra Lifespace has crossed USD 1 billion, proving sceptics wrong that the company could not survive without transacting in black money. The milestone has vindicated the Group's entry into the real estate sector, he said. Mahindra Lifespace Developers Ltd is the real estate arm of the Mahindra Group. It is listed on stock exchanges. Shares of Mahindra Lifespace Developers were trading at Rs 519.75 apiece on BSE, up 2.29 per cent at 1128 hrs. The market capitalisation of the company was at Rs 8,032.51 crore. This morning Mahindra Lifespace crossed a market cap of USD 1 billion and became the next 'unicorn' in our Group, tweeted Anand Mahindra. "I remember when I entered the real estate sector in the late 80s via Mahindra Ugine, I was told that we would not survive without transacting in black money. "But that was exactly why I felt we had to enter the sector & prove the sceptics wrong," he .

Anand Mahindra shares post about Jhunjhunwala's 'most valuable' advice

Billionaire businessman Anand Mahindra on Sunday shared a motivational post remembering "advice" from the late Rakesh Jhunjhunwala