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

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For a company that is yet to be incorporated and has no products on the market, the $9.1 billion valuation at which funding from British International Investment has agreed to invest has surprised more than one. But Anish Shah, Managing Director and CEO, Mahindra Group is extremely confident that the company will be able to establish the valuation. Shah tells Shally Seth Mohile that the valuation of the next wholly-owned EV subsidiary is fair and that the company will soon be adequately rewarded by investors. Shah is confident that M&M’s ability to develop products at a fraction of the cost compared to global automakers will stand him in good stead. Edited excerpts:


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First published: Fri 08 Jul 2022. 22:06 IST

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