M&M can beat global competitors at much lower cost of development: MD & CEO

In a Q&A, Anish Shah says the valuation for the upcoming EV subsidiary is fair and the company will be rewarded adequately by investors soon

For a yet-to-be incorporated company that has no products in the market yet, the $9.1 billion valuation at which British International Investment funding has agreed to invest has surprised many. But Anish Shah, Managing Director and CEO, Mahindra Group is supremely confident the company will be able to establish the valuation. Shah tells Shally Seth Mohile that the valuation for the upcoming wholly-owned EV subsidiary is fair and the company will be rewarded adequately by investors soon. Shah is confident that M&M’s ability to develop products at a fraction of costs compared to global automakers will hold it in good