&w=3840&q=100)
Mahindra unveils Vision 2027 to expand SUV lineup, target global markets
Speaking at an event, which showcased company's new platforms and growth strategy, he noted that the automaker has become number one player in SUVs outpacing global giants.
"Today, I am honoured to unveil our bold new vision for 2027 that will become the backbone of our next generation of world-beating SUVs, engineered right here in India, for India and the world," Shah stated.
He stated that just five years ago the the company set out with bold ambitions to lead, not follow; to disrupt, not be disrupted; to place Indian ingenuity and resilience on the global stage.
"From the rugged Thar to the sophisticated XUV700, from the Scorpio's legacy to our BEV electric range, we have transformed challenges into opportunities - outpacing global giants, becoming India's No 1 SUV company, via achieving record growth in SUV sales," Shah stated.
With recent overseas launches of XUV700 and XUV3XO, the company has also been able to make great strides in international markets, he added.
"There was a time when global automakers dominated our roads and aspirations. Today, the tide has truly turned. Indian companies like Mahindra are now at the forefront of technology, scale, and ambition," Shah stated.
He noted that the company's Chakan-based manufacturing plant is scaling for global demands, as the automaker looks to embrace every opportunity to serve customers across continents.
"We will continue to innovate relentlessly to solve for unmet customer needs using both engineering prowess and advanced technology," Shah stated.
Mahindra is already looking at exporting its electric vehicles to the UK, leveraging improved trade opportunities following the finalisation of the India-UK free trade agreement.
The company's SUV market share has grown from 11 per cent to 27 per cent in the domestic market.
In the last quarter alone, the automaker has seen a growth of 5.7 percentage points in terms of the market share in the vertical.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
26 minutes ago
- Hans India
Nine in ten Indian enterprises consider security & privacy risks stall AI scaling
New Delhi: Nine out of ten Indian enterprises cite data security and privacy risks as their most significant obstacle to scaling AI and analytics, a report said on Saturday. "Phishing remains a top concern, with 77 per cent of chief information officers (CIOs) rating it as highly or moderately severe," according to the '2025 State of Enterprise Technology Survey' by CIO and Leader and BMNXT. Identity-based attacks and ransomware continue to pressure enterprises, while AI-generated threats such as model poisoning and data leakage are emerging as new frontiers of risk, the report stated. 'AI is changing the cybersecurity game on both sides — attackers are using it to innovate threats, and defenders are using it to automate detection and response. The challenge for enterprises is to stay ahead by embedding security into AI initiatives from day one,' said R. Giridhar, Head of Research, 9.9 Group. Cloud-native security controls, zero-trust architectures, and privacy automation are becoming core capabilities, particularly in regulated industries. At the same time, AI-powered detection is gaining ground, enabling faster anomaly detection, behavioural baselining, and automated incident response, the report said. According to the report, SOC modernisation and the adoption of Privileged Access Management (PAM) are increasing to address the challenges of complex hybrid IT environments. Deepak Kumar, Founder & Chief Analyst, BMNXT and Consulting Research Partner, CIO and Leader, said, 'The numbers make it clear — security and privacy are no longer just IT concerns; they are board-level priorities. The next phase of AI adoption will hinge on trust. Organisations that fail to address security as a foundational element risk stalling their digital transformation.' Other key barriers to scaling AI cited by respondents include data availability and quality issues (90 per cent), choosing the right technologies (88.3 per cent), and change management challenges (86.7 per cent). 'CIOs today are walking a tightrope — they need to scale AI to drive competitiveness, but they cannot afford to compromise on trust. Building privacy-by-design, governance, and literacy into AI strategies will be critical to balancing speed with security,' Jatinder Singh, Executive Editor, CIO&Leader, added. The Survey captures insights from over 350 CIOs and technology leaders across India's top enterprises, providing a comprehensive view of priorities, challenges, and opportunities in AI, cloud, application development, and cybersecurity.
India.com
26 minutes ago
- India.com
India's Semiconductor Market To Touch $110 Billion By 2030, Create Skilled Jobs
New Delhi: India's semiconductor market is expected to reach around $110 billion by 2030, as the country will become a trusted node in the $1 trillion global semiconductor market, according to a new report. Prime Minister Narendra Modi, in his 79th Independence Day address from the Red Fort, declared that Made-in-India semiconductor chips will be available in the market by the end of 2025, marking a major milestone in India's push for technological self-reliance. The Union Cabinet this week approved four semiconductor projects worth Rs 4,600 crore. These new ventures will produce approximately 2,000 skilled employments in India, potentially creating many more indirect value chain opportunities, according to a report in India Narrative. Currently, Taiwan makes about 90 per cent of advanced chips for India. The new Indian facilities ensure a stable local supply of telecom, electric cars, and defence chips, boosting economic resilience and minimising strategic risks. 'Designed and Made in India' chips can compete in global supply chains as companies look for alternatives to established giants amid US-China tensions, the report noted. Odisha will receive two new projects, Andhra Pradesh and Punjab will each receive one. After new approvals, there are ten India Semiconductor Mission (ISM)-sanctioned projects in six states. Over 60,000 students are being trained in semiconductor-related skills, preparing the workforce India needs for both domestic and global demand. SiCSem Private Limited in Odisha will build India's first commercial compound semiconductor fabrication facility. Defence, electric vehicles, trains, and energy infrastructure dependent on silicon carbide (SiC) devices will be the focus of this facility. Odisha-based 3D Glass Solutions Inc. envisions an advanced packaging and embedded glass substrate plant. This factory will provide cutting-edge chip packaging—a leap for AI, communications, and photonics sectors, the report said. Andhra Pradesh's ASIP Technologies, in partnership with South Korea's APACT, will build a plant serving consumer, automotive, and communications electronics. Continental Device India Ltd. in Punjab will produce more MOSFETs and IGBTs with direct relevance for renewable energy, EVs, automation, and industrial digitalisation. The proposed products will have significant applications in defence, high-performance computing, artificial intelligence, RF and automotive, photonics and co-packaged optics, etc.
Scroll.in
26 minutes ago
- Scroll.in
In charts: Increase in fake note seizures, rise in counterfeit Rs 200 notes
In five years to 2021, fake currency notes seized across India more than doubled, even as cases filed for such seizures fell 50%, suggesting an increase in volume per seizure. In 2022, the latest year for which data is available with the National Crime Records Bureau, Indian law enforcement agencies seized Rs 382 crore in 4.2 million fake currency notes. Compared to the previous year, this was seven times in volume and 19 times in value. But fewer counterfeit notes are making it to the banks, data from the Reserve Bank of India shows. In 2022, banks detected about 230,000 fake notes – roughly two fake notes for every million notes in circulation. In 2016, before the government took the Rs 500 and Rs 1,000 notes out of circulation, seven notes per million were detected as fake in banks, as IndiaSpend reported that year. By contrast, National Crime Records Bureau data for the same year shows law enforcement seizing more than 4.2 million fake notes, equivalent to around 32 counterfeit notes per million. Overall, per million notes of specific denominations in circulation by the end of March 2025, banks detected about two fake notes of Rs 100 and Rs 500 each, and four counterfeit Rs 200 notes. In May 2023, Rs 2,000 notes were withdrawn from circulation although they continue to be legal tender. Correspondingly, the share of Rs 2,000 notes in fake notes detected by banks has since fallen – from a peak of 22,000 notes in 2018-'19 to 3,508 in 2024-'25. Reserve Bank statistics show that Rs 2,000 notes currently account for Rs 6,017 crore of cash in circulation. Among states, Gujarat ranked at the top, while states such as West Bengal and Andhra Pradesh, which topped seizures earlier, have seen lower numbers. Karnataka and Bihar have seen increases in seizures. 'Despite the extent of counterfeiting being apparently small, it poses serious threats to the currency and financial system,' a 2013 working paper of the Reserve Bank noted, before detailing various measures taken by the government and the central bank to respond to the threat. It is 'necessary to examine the level of counterfeiting on a regular basis', it added. In five charts, we examine recent trends in counterfeit currency in India and what the data reveal about how fake notes are evolving. Fake note value surges National Crime Records Bureau data compiled by Dataful show that counterfeit currency seizures have risen in recent years. Authorities seized, as we said, over 4.2 million fake notes worth Rs 382 crore in 2022, compared to about 356,000 notes worth Rs 28 crore in 2017 – one year after the government took 94% of the currency out of circulation by scrapping the Rs 500 and Rs 1,000 notes. This is 12 times the volume and 13 times the value of notes seized. Reserve Bank data, which tracks counterfeit notes detected in banks, shows the opposite trend. Detections have fallen from 762,000 notes in 2016‑'17 to 217,000 in 2024‑'25, Reserve Bank of India data collated by Dataful shows. New fake note hotspots Delhi had the highest fake note seizures between 2016 and 2019. Maharashtra saw the highest in 2020. But Gujarat surpassed all states with over 3 million fake notes in 2022 alone. Karnataka and Bihar have seen a rise in seizures: In 2022, Karnataka reported over 450,000 seized notes across all denominations, while Bihar recorded more than 270,000 notes. West Bengal and Andhra Pradesh, which once saw higher numbers, have reported fewer cases in recent years. More notes seized, few cases According to the National Crime Records Bureau data, cases registered for counterfeit currency have dropped over the last decade. In 2015, authorities recorded 1,662 cases involving fake currency notes. By 2021, this had fallen to 688 cases, a decline of about 60%. Fake currency notes seized across India more than doubled during this period, suggesting, as we said, a higher volume of notes seized per case. Rs 200 counterfeits While fake Rs 500 notes remain the highest denomination detected in banks, RBI data show a steady increase in counterfeit Rs 200 notes since introduction in 2017. From 79 fake notes in 2017-'18, the number detected in banks rose to 32,660 in 2024-'25. Vijay Jadhav is a journalist at IndiaSpend. He holds a postgraduate degree in journalism from the Department of Communication and Journalism, Savitribai Phule Pune University.
