M&M’s mobility play has EV synergy;
Dear Balbir Singh,
From laying out a road map for electric mobility to offering incentives to battery manufacturers, the government has been trying to push adoption of electric vehicles (EVs). In the private sector, Mahindra & Mahindra has been at the forefront, building a portfolio of EVs and an ecosystem. The company is now extending this thinking to its allied businesses.
TECH
M&M’s mobility play has EV synergy; will need charging from PEs
Meru was arguably India’s first tech-enabled taxi service but could not keep pace after the arrival of app-based cab-hailing players. After acquiring a stake in the company, Mahindra & and Mahindra is cautiously building its mobility business on two pillars — its own growing electric-vehicle portfolio and an exclusive focus on enterprise clients. Its pitch to private-equity investors: the promise of a steady business and a quest for profitability rather than massive scale.
BRANDS
Xiaomi rules India despite anti-China wave
The current sentiment against China has hardly affected Xiaomi, which has maintained its position as the leader in the Indian smartphone market with around 29% share. Aggressive pricing potential and high-quality specifications have worked in favour of the company. Moreover, it is benefitting from monetising its software.
AUTO
Carmakers double down on getting lean
The auto sector, which had been grappling with a slowdown even before the pandemic struck, is faced with dismal sales and high costs. Carmakers are leaving no stone unturned to cut costs, but industry experts say staying lean should be a constant process and not just a fallback strategy to deal with difficult times.

Regards,
ET Prime Team