Watch LIVE as Mahindra & Mahindra Chairman Anand Mahindra addresses shareholders during the company's 80th Annual ...
What Anand Mahindra said
Written from the verified transcript and checked against it. Every figure links to the moment it was said.
Anand Mahindra opened the 80th AGM by framing the global economy as a 'Samudra Manthan' and said both India and Mahindra & Mahindra had extracted 'amrit' from the churning. He noted that approximately a quarter of all iPhones are now manufactured in India, signaling the country's growing role in global manufacturing. He highlighted the company's 'outstanding' results, the revolutionary IQ platform, and said patents granted to the company rose from 56 to over 1,300 in the last decade. He announced one of the largest prospective investments in company history: 15,000 crores over 10 years in Nagpur. Mahindra described the current moment as 'Manthan 2.0,' urging a shift from navigation to acceleration, and introduced an 'attack mode' strategy inspired by Formula E racing, where the company competes. He said India should become a 'connector economy' and be 'multi-aligned' rather than non-aligned.
Key takeaways
Mahindra announced a 15,000 crore investment in Nagpur over 10 years, calling it one of the largest prospective investments in company history.
Patents granted to Mahindra & Mahindra grew from 56 to over 1,300 in the last decade.
Mahindra said approximately a quarter of all iPhones are now manufactured in India.
Mahindra framed the current global environment as 'Manthan 2.0' and urged a shift to 'attack mode' for strategic acceleration.
Mahindra described India's opportunity as becoming a 'connector economy' that is 'multi-aligned' with global partners.
