Mahindra To Export EVs To UK After India-UK Trade Deal
ECONOMY & POLICY

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

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.

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.

Next Story
Infrastructure Energy

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Next Story
Infrastructure Urban

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Next Story
Infrastructure Energy

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?