Many praised Mahindra’s journey as a reflection of India’s growing prowess in the global automotive space.Anand Mahindra, the chairperson of the Mahindra Group, recently shared a compelling update on social media highlighting the market capitalization rankings of the world’s top automakers. Leading the list is Tesla, valued at an astonishing USD 1.23 trillion, followed by Toyota at USD 233.26 billion. Chinese automakers BYD and Xiaomi secured the third and fourth spots with valuations of USD 107.52 billion and USD 105.72 billion, respectively. Mahindra & Mahindra ranked 11th, with a market capitalisation of USD 43.12 billion, placing it ahead of major global players like Stellantis, Ford, and Renault.
Reflecting on this achievement, Anand Mahindra traced the company’s journey back from the early 1990s when India’s economy opened up. At that time, the world doubted whether Indian automakers could survive without external partnerships. Mahindra sought technological collaboration with companies like Peugeot (now part of Stellantis), Ford, and Renault to learn the art of building modern vehicles.
While expressing gratitude for these partnerships, he noted the sense of fulfillment in seeing Mahindra now outpace some of these former collaborators in global market capitalizations. He emphasised that such milestones are never permanent but are a reminder of the constant effort required to stay competitive. Mahindra’s customer-centric approach and commitment to excellence, he stated, remain central to their long-term success and relevance.
Netizens reacted with admiration and thoughtful insights. Many praised Mahindra’s journey as a reflection of India’s growing prowess in the global automotive space. They applauded the company’s resilience, adaptability, and ability to thrive through collaboration and innovation. Some hailed Mahindra’s success as a testament to the power of visionary leadership and a focused strategy, embodying the ethos of a self-reliant India.
Several users emphasized the significance of Mahindra’s position in global rankings, describing it as a source of pride for Indians worldwide. They noted how the company’s achievements inspire future generations and demonstrate the power of persistence and strategic partnerships in turning challenges into opportunities. Others encouraged the group to accelerate its push into electric vehicles (EVs), especially with recent launches like the BE 6 and XUV 9E, which have been lauded for their potential to compete on the global stage.
One user drew attention to Tesla’s dominance, attributing it to the company’s advancements in autonomous driving technology. They highlighted the importance of fleet size and affordable sensors in this race and questioned whether Mahindra had plans to build an AI team to compete in this space. Another commenter pointed out the disruptive potential of companies like Xiaomi entering the EV market, likening it to how smartphones overtook traditional landlines. They speculated whether the tech-driven, online-first approach of such companies could upend the traditional automotive business model.
Suggestions for improvement also surfaced, with some urging Mahindra to increase its investment in research and development (R&D) and capital expenditure (capex). They highlighted technology as the key differentiator in the evolving automotive landscape, particularly in EVs, and expressed hope that Mahindra would continue scaling up its efforts in this area.
