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Mahindraâs New CEO Seeks to Revive Growth at $19 Billion Group
Apr 06 2021, 5:01 PM
April 05 2021, 10:09 AM
April 06 2021, 5:01 PM
(Bloomberg) Mahindra & Mahindra Ltd., the Indian sports utility vehicle maker better known for its tractors and farm equipment, is betting on electric cars and digital services to revive its fortunes under new chief executive officer Anish Shah.
(Bloomberg) Mahindra & Mahindra Ltd., the Indian sports utility vehicle maker better known for its tractors and farm equipment, is betting on electric cars and digital services to revive its fortunes under new chief executive officer Anish Shah.
Shah, 51, has his task cut out for him. The $19 billion groupâs SUV market share has plunged to 13%, from 50% seven years ago. It has struggled with failing investments and the pandemicâs blow to the automobile industry, which led it to report quarterly losses last year, its first in nearly two decades. Last week, it ended plans to collaborate with