Mahindra & Mahindra Group CEO and Managing Director Anish Shah has emphasized the importance of constructive dissent in strengthening the company, highlighting the value of employees who challenge leadership decisions. This approach, according to Shah, is crucial for fostering innovation and maintaining a dynamic corporate culture.

Empowering Employees Through Open Dialogue

Shah recounted a significant incident from his early days at Mahindra Group, demonstrating the company's commitment to open dialogue. During his first month as head of group strategy, Shah opposed a proposal from Chairman Anand Mahindra. Instead of dismissing the dissent, Mahindra invited Shah to present his opposing view to the board, which ultimately led to the proposal's rejection.

This experience underscores the Mahindra Group's culture of valuing diverse perspectives, even from newer members of the team. Shah, who assumed the role of Group CEO in April 2021, believes that such empowerment should extend throughout the organization, particularly to employees who are closer to customers and can better understand their needs.

Leadership Philosophy: Collaboration Over Power

Shah's leadership philosophy emphasizes the importance of collaboration and mutual respect. He views disagreement from subordinates as a valuable gift rather than a challenge to authority. According to Shah, effective leaders achieve results because team members want to contribute, not through the exercise of power alone.

This approach aligns with the Mahindra Group's long-standing values, which have been in place since its founding in 1945. These core principles include dignity of labor and meritocracy, regardless of an individual's background.

Anand Mahindra's Role in Shaping Corporate Culture

Shah credits Anand Mahindra for creating an open environment within the organization. He notes that Mahindra has taken steps to allow professionals to run the business while remaining available for guidance. This balance of empowerment and support has been instrumental in maintaining the company's innovative edge and adaptability in a rapidly changing business landscape.

Conclusion

The Mahindra Group's approach to leadership and corporate culture, as exemplified by Anish Shah's experiences and philosophy, demonstrates a commitment to fostering an environment where constructive dissent is not only tolerated but encouraged. By valuing diverse opinions and empowering employees at all levels, Mahindra aims to strengthen its position as a forward-thinking and adaptable organization in the global market.

Mahindra & Mahindra , a leading Indian automotive manufacturer, has reported significant growth in its production, sales, and export figures, along with an improved Environmental, Social, and Governance (ESG) rating.

Production and Sales Surge

Mahindra & Mahindra's total production increased to 82,862 units, up from 70,540 units in the previous year, marking a substantial year-over-year growth. The company's total sales also saw a notable rise, reaching 80,917 units compared to 64,929 units in the same period last year.

Export Growth and Model Performance

Exports showed impressive growth, more than doubling from 1,515 units to 2,774 units year-over-year. The Thar and Thar Roxx models demonstrated particularly strong performance, with diesel variant sales more than doubling from 4,142 units to 8,880 units.

Electric Vehicle Debut

In a significant move towards electrification, Mahindra & Mahindra introduced the Electric Origin SUV. The company reported production of 4,290 units and sales of 4,008 units for this new electric model, indicating a strong market reception.

Model-wise Performance

Other models also showed notable performance:

ESG Rating Upgrade

In addition to the strong sales performance, Mahindra & Mahindra received an upgraded ESG rating from CRISIL ESG Ratings & Analytics Limited. The company's overall ESG rating has been revised to 'CRISIL ESG 66' from 'CRISIL ESG 65', indicating a 'Strong' rating category. This upgrade maintains Mahindra & Mahindra's position as the highest-rated entity among auto original equipment manufacturers (OEMs) covered by CRISIL.

Subsidiary Performance

The reported figures include sales from Mahindra & Mahindra's subsidiary companies, Mahindra Electric Automobile Limited and Mahindra Last Mile Mobility Limited. The company noted that these figures have not been independently verified or audited.

Mahindra & Mahindra's strong performance, coupled with its improved ESG rating, reflects the company's robust growth trajectory and commitment to sustainable practices in the automotive sector.