Mahindra & Mahindra (M&M) has achieved a remarkable milestone, ranking as the 11th most valuable automobile manufacturer globally, according to its Chairman, Anand Mahindra. The company’s ascent reflects its robust performance and strategic advancements, surpassing numerous competitors and former collaborators in the automotive sector.

In his New Year address to Mahindra Group employees, Mahindra highlighted that M&M has recorded the highest compounded annual share price growth rate among NIFTY50 companies since 2002. Over the past year alone, M&M’s share price has surged by an impressive 77%.

“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 shared, underscoring the company’s commitment to sustainability.

Among its diverse business ventures, Mahindra Susten stood out with a cumulative win pipeline of 3.3GWp, exceeding 60% of its targeted capacity. The Last Mile Mobility unit maintained its leadership in electrifying India’s three-wheeler market, while Mahindra Finance expanded its loan book to over ₹1.1 lakh crore. The company’s tractor business further solidified its dominant market position despite intense competition.

Discussing the company’s electric vehicle (EV) strategy, Mahindra emphasized the audacity and innovation required for a traditional SUV manufacturer to invest heavily in EVs. “It takes a deep commitment to innovation to integrate cutting-edge technology, design, and performance into vehicles with unique offerings. I hope this signals a promising future for every company within the Group”, he said.

Reflecting on India’s global standing, Mahindra noted the nation’s growing strength and resilience. “India is no longer the 99-pound lightweight on the beach. It can demonstrate military might, boast political stability, and serve as a keystone in the global supply chain”, he stated.

Mahindra emphasized that India’s robust democracy and strategic position in shifting global alliances position it well for sustained economic growth. “In this context, our Group faces no shortage of opportunities for growth, both domestically and internationally”, he concluded.

The announcement highlights M&M’s strides in innovation, sustainability, and market leadership, reinforcing its position as a significant player in the global automotive landscape.