Mahindra To Export EVs To UK After India-UK Trade Deal

18 Aug 2025 CW Team

The Mumbai-based automaker set up Mahindra Advanced Design Europe (M.A.D.E) in Banbury, Oxfordshire, in 2022 as a conceptual hub for its electric product portfolio. Shah noted that India has the potential to become the world’s automobile manufacturing hub, supported by policy reforms, lower logistics costs and improved ease of doing business.

He said the FTA balances multiple priorities: opening India’s market to UK goods while expanding Indian exports across industries. For Mahindra, this creates an opportunity to secure a bigger share of the UK auto market through EV exports.

Shah added that India’s auto industry can compete globally, with domestic firms capable of producing high-quality vehicles at lower costs. He welcomed the entry of global EV players such as Tesla and Vinfast into India, stating that increased competition has historically helped Mahindra grow stronger. “We’ve survived and thrived despite global entrants, and today we stand in a stronger position,” he said.

Mahindra’s SUV market share has risen from 11 per cent to 27 per cent, with a 5.7 percentage point increase in the last quarter alone. The company is focusing on developing the best products to maintain leadership, expanding both its domestic SUV portfolio and international presence. Future plans may include smaller SUVs and selective acquisitions, such as its stake in SML, which bolstered its truck business.

Shah also addressed supply chain challenges, including rare earth magnet shortages, noting that Mahindra is exploring alternatives and that government efforts are underway to diversify supply sources. “We feel confident of managing these disruptions and moving forward,” he said.

Mahindra & Mahindra plans to export its electric vehicles (EVs) to the United Kingdom, capitalising on new trade opportunities following the finalisation of the India–UK free trade agreement. Group CEO and Managing Director Anish Shah said the move will strengthen Mahindra’s global footprint and leverage its strong position in India’s EV market, where the company expects electric vehicles to account for 30 per cent of overall sales by 2030.The Mumbai-based automaker set up Mahindra Advanced Design Europe (M.A.D.E) in Banbury, Oxfordshire, in 2022 as a conceptual hub for its electric product portfolio. Shah noted that India has the potential to become the world’s automobile manufacturing hub, supported by policy reforms, lower logistics costs and improved ease of doing business.He said the FTA balances multiple priorities: opening India’s market to UK goods while expanding Indian exports across industries. For Mahindra, this creates an opportunity to secure a bigger share of the UK auto market through EV exports.Shah added that India’s auto industry can compete globally, with domestic firms capable of producing high-quality vehicles at lower costs. He welcomed the entry of global EV players such as Tesla and Vinfast into India, stating that increased competition has historically helped Mahindra grow stronger. “We’ve survived and thrived despite global entrants, and today we stand in a stronger position,” he said.Mahindra’s SUV market share has risen from 11 per cent to 27 per cent, with a 5.7 percentage point increase in the last quarter alone. The company is focusing on developing the best products to maintain leadership, expanding both its domestic SUV portfolio and international presence. Future plans may include smaller SUVs and selective acquisitions, such as its stake in SML, which bolstered its truck business.Shah also addressed supply chain challenges, including rare earth magnet shortages, noting that Mahindra is exploring alternatives and that government efforts are underway to diversify supply sources. “We feel confident of managing these disruptions and moving forward,” he said.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..