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'Challenge global OEMs to invest, Is compete in India'
Mint Mumbai
|November 11, 2023
As talks of an imminent import duty cut on electric vehicles intensifies, Mahindra Group managing director and chief executive Anish Shah on Friday told Mint that it would like to “throw open a challenge" to global carmakers to “invest in India and compete with us", responding to a query on how such a decision would impact domestic original equipment manufacturers’ (OEMs) grounds-up EV plans.
“What we have demonstrated so far is the ability to win and play with the best products in the market place. We’ve beaten all the global majors in India. We are making in India for the world now and we would welcome all global players to invest in India and compete with us. That’s the challenge we would throw to them—if you want to do it, come and invest in India, come compete with us," Shah said.
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