Page 4 - Anand Mahindra

M&M doesn't want to be patriarchal, wants to buck the trend: Anand Mahindra

My whole style is to gradually step away and allow for empowerment. Family businesses have to put competent people in charge, says Anand Mahindra

Companies likely to change dividend tax policy after Budget changes

Analysis of S&P BSE 500 companies suggests that promoters of Indian private-sector companies in particular could end up paying at least 20 per cent more as additional tax on the same dividend income

Business leaders come together, set up body for climate change action

Among ICC's tasks would be to build a compelling, India-focused climate narrative and drive solutions that help people and nature thrive

PM meets Ambani, Tata, other biz leaders to discuss economy ahead of Budget

Richest Indian Mukesh Ambani, Tata group patriarch Ratan Tata, telecom czar Sunil Bharti Mittal, billionaire Gautam Adani, Mahindra Group chairman Anand Mahindra were among those who attended

M&M rejigs top management in automotive, farm equipment divisions

Homegrown auto major Mahindra & Mahindra (M&M) on Monday announced a rejig of its top management in automotive and farm equipment sectors with its President for auto vertical Rajan Wadhera set to retire and step down from executive role. Announcing changes in the group corporate office as well as in auto and farm sectors, to be effective from April 1, 2020, the company said Veejay Nakra will be appointed as CEO of the auto division. He will have operating responsibility for passenger vehicles and entire commercial business with profit and loss accountability, except for product development process, M&M said in a statement. It further said Hemant Sikka will head the farm equipment sector, while R Velusamy will be appointed as the chief of Global Product Development (Automotive) and Vinod Sahay as Chief Purchase Officer of AFS (auto and farm sectors). Nakra, Sikka, Velusamy and Sahay will report to Rajesh Jejurikar, who will join M&M Board as Executive Director AFS from .

Anand Mahindra to assume non-executive chairman role in M&M succession plan

On April 1, 2020, Rajesh Jejurikar will join the M&M Board as Executive Director (Auto and Farm Sectors)

M&M announces board rejig, Anand Mahindra to be non-executive chairman

In a statement, the firm said Pawan Kumar Goenka has been re-appointed the managing director with additional responsibilities of chief executive officer

Entering commuter two-wheeler segment was a mistake, admits Anand Mahindra

Mahindra said they entered the two-wheeler market with the confidence to "win"

Entering two-wheeler commuter space was a mistake, admits Anand Mahindra

Anand Mahindra, the chairman of the homegrown auto group Mahindra & Mahindra, on Wednesday admitted that entering the commuter bike segment more than a decade ago was a failure on the part of the group. The group entered two-wheelers after buying out Kinetic Motors in July 2008 and relaunched the 'Freedom' bikes under the label of 'Mojo' but has not been able to make a mark in the vastly entry-model driven two-wheeler space in the country even after a decade. The market is dominated by Hero Motorcorp and Japanese major Honda which together control close to two-thirds of the over 21-million units per annum market. Of this, Mahindra sold a paltry 4,004 units in FY19, down 73 percent from FY18. The only player in an over a dozen OEM market behind Mahindra is Kawasaki Motor which sold 3,115 units in the year, according to Siam data. In the year to March 2019, according to the Saim data, the domestic two-wheeler domestic market stood at 21.2 million units, up 4.86 percent

Auto sector is set to see a revival next financial year: Anand Mahindra

The auto sector has been witnessing a slowdown over last few months forcing manufacturers to cut production and offer steep discounts

Auto sector welcomes PM Modi's assurance on internal combustion engine cars

India's automobile industry is facing one of the most prolonged slowdowns in two decades. Sales have been in a slow lane for a year

Auto sector slowdown: Anand Mahindra calls for short-term booster dose

I believe the government's measures to push the auto industry towards change are sincere and far-sighted, Mahindra said

Anand Mahindra pitches for lower GST or cess rollback to revive auto sector

Pitching for a lower GST or a rollback of the cess to pull the automobile industry out of the slowdown, M&M group chairman Anand Mahindra on Wednesday said that a revival of the industry would have a ripple effect on the entire economy. The domestic auto industry has been in the throes of crisis for almost one year now as the sales are falling month after month, forcing manufacturers to temporarily shut factories and laying of workers. As many as 3.50 lakh jobs have reportedly been lost in the auto industry since the start of the fiscal. "I do believe that kick-starting the auto industry with a few short-term measures will serve a greater national purpose," said Mahindra addressing the company's shareholders at its 73rd AGM here. Along with long-term measures, the short-term measures also required that would remove the immediate barriers to making autos affordable, he said. "The most obvious and welcome first aid would be some temporary relief on the GST front, ...

Anand Mahindra to ban plastic bottles from boardrooms after Twitter advice

Mahindra was replying to a woman who pointed out the plastic bottles at a boardroom meeting

Fleets are the way towards popularisation of EVs: Anand Mahindra

In the past, Mahindra had tied up with app-based cab aggregator Ola in partnership with the Indian government to build India's first electric mass mobility ecosystem in Nagpur

Don't just tick the box: Doing well by doing good should be core strategy

Mahindra & Mahindra has built a strong foundation in the social sector in diverse fields

US tariff hike: India can stand tall in a trade war, says Anand Mahindra

The chief of the diversified Mahindra Group further said MNCs wanting access to India's markets will have to manufacture locally, which they will

Getting emotional: Anand Mahindra to defend atrocities against tractors

Mahindra said he was thinking of promoting a new forum-Society for the Prevention of Cruelty to Tractors

Mahindra's way of making up

Anand Mahindra cancelled his trip to Delhi to attend Indo-Australian meeting due to rains in Mumbai

Artists, not technology, will save the world: Anand Mahindra

People who oppose oppression, pollution on planet will save the world, says Anand Mahindra