Mission Statement, Vision, & Core Values (2025) of Mahindra & Mahindra Limited.

An Overview of Mahindra & Mahindra Limited

General Summary of Mahindra & Mahindra Limited

Founded in 1945, Mahindra & Mahindra Limited began as a steel trading company and gradually evolved into a major player in diverse sectors, including automotive, agriculture, aerospace, and information technology. The company operates in over 100 countries and employs more than 150,000 individuals worldwide. As of 2024, Mahindra's product portfolio includes a wide range of vehicles such as SUVs, tractors, commercial vehicles, and two-wheelers, as well as agricultural machinery.

In terms of sales, Mahindra & Mahindra reported an impressive turnover of approximately ₹1.20 lakh crore for the fiscal year ending March 2024, showcasing significant growth in both domestic and international markets.

Company's Financial Performance in Latest Financial Reports

In its latest financial reporting period, Mahindra & Mahindra achieved record-breaking revenue driven by robust sales in its automotive and farm equipment divisions. The company's total revenue increased by 18%, reaching ₹1.20 lakh crore compared to the previous fiscal year. Key highlights from the financial report include:

• Automotive sector revenue: ₹70,000 crore
• Farm Equipment sector revenue: ₹40,000 crore
• Others (including aerospace and IT): ₹10,000 crore

The company's operational profit margin improved to 12%, reflecting efficient cost management practices and increased demand for its products.

Furthermore, Mahindra & Mahindra recorded a net profit of ₹13,000 crore, representing a year-on-year growth of 25%. The company's performance was significantly bolstered by a surge in tractor sales, with over 1.5 million units sold globally in the last fiscal year.

Introduction to Mahindra & Mahindra as a Leader in the Industry

Mahindra & Mahindra stands out as one of the leading companies in the automotive and agricultural sectors. Its commitment to innovation and sustainability has cemented its position at the forefront of the industry. As of 2024, Mahindra leads the Indian tractor market with a share of approximately 40% and ranks among the top three players in the SUV segment. The company's strategic initiatives in electric mobility and digital transformation have also positioned it favorably against competitors.

With a growing global footprint and a diverse product offering, Mahindra & Mahindra continues to explore new markets and expand its business portfolio. For those interested in understanding more about the company's successful strategies and operational excellence, further insights can be found below.

Mission Statement of Mahindra & Mahindra Limited

Mission Statement Overview

Mahindra & Mahindra Limited's mission statement emphasizes its dedication to delivering exceptional and innovative products and services. This mission serves as a guiding principle for the company's long-term strategies and day-to-day operations, aligning its workforce and stakeholders towards common objectives.

Core Component 1: Quality

The first core component of Mahindra’s mission is a commitment to quality. The company aims to ensure that every product meets stringent quality standards. In the fiscal year 2022, Mahindra & Mahindra reported a 15% increase in customer satisfaction ratings, reflecting its focus on high-quality manufacturing processes.

For instance, Mahindra’s automotive segment consistently ranks high in consumer reports, with the Mahindra Thar achieving a score of 4.8 out of 5 in customer feedback surveys.

Core Component 2: Innovation

Innovation is another vital element of Mahindra's mission. The company invests significantly in research and development, with an annual budget of approximately INR 500 million dedicated to this area. Mahindra has introduced various groundbreaking products, including electric vehicles such as the Mahindra eVerito, leading the market with over 8,000 units sold in 2023 alone.

Additionally, in 2022, Mahindra's focus on innovation was evident when it filed for 15 new patents in automotive technologies, showcasing its ongoing commitment to advancing its product offerings.

Core Component 3: Sustainability

Sustainability is integral to Mahindra's mission statement. The company has outlined its goal to achieve Net Zero emissions by 2040. As part of this initiative, Mahindra plans to transition over 50% of its manufacturing facilities to renewable energy sources by 2025.

In 2023, Mahindra reported that approximately 25% of its total energy consumption came from renewable sources, demonstrating solid progress toward its sustainability objectives. The company aims to reduce its carbon footprint significantly, targeting a 30% reduction by 2030.

Vision Statement of Mahindra & Mahindra Limited

Mission of Mahindra & Mahindra Limited

The mission of Mahindra & Mahindra Limited outlines their commitment to delivering innovative solutions that enhance the quality of life of customers. The company aims to achieve sustainable growth by leveraging technology and innovation across various sectors.

Vision for the Future

As of 2024, Mahindra & Mahindra Limited envisions becoming a leader in the global market by championing the provision of comprehensive automotive and farm solutions. This includes a focus on electric and sustainable mobility, aligning with the global push for eco-friendly alternatives.

Core Values Guiding the Vision

• Integrity: Maintaining high ethical standards in all business operations.
• Customer First: Prioritizing customer needs and satisfaction in product development.
• Innovation: Emphasizing continuous innovation to drive growth and leadership.
• Quality: Commitment to delivering high-quality products and services.
• Sustainability: Focusing on sustainable development and reducing environmental impact.

Strategic Objectives

For 2024, Mahindra & Mahindra has set several strategic objectives aimed at executing its vision:

• Achieve a target of 1 million electric vehicle sales by 2027.
• Expand global footprint with operations in over 100 countries.
• Increase investment in R&D by 15% year-over-year to drive innovation.
• Launch 5 new electric models by the end of 2024.

Financial Commitments

To support its vision, Mahindra & Mahindra has outlined financial commitments, reinforced by recent performance metrics:

Community Engagement and CSR

Mahindra & Mahindra continues to embed corporate social responsibility (CSR) within its vision, focusing on education, healthcare, and rural development:

• Investment of over INR 200 crore in community development programs in 2023.
• Engagement with over 1 million beneficiaries through various initiatives.
• Launch of projects aimed at improving rural infrastructure, impacting over 500 villages.

Conclusion of Vision Statement

In aligning its vision with actionable goals, Mahindra & Mahindra Limited is poised to make significant advancements in the automotive and agribusiness sectors, driven by a commitment to innovation, sustainability, and customer satisfaction.

Core Values of Mahindra & Mahindra Limited

Integrity

The core value of Integrity reflects Mahindra & Mahindra Limited's commitment to conducting its business honestly and transparently. This value is fundamental in building trust with stakeholders, including customers, employees, and investors.

In 2024, Mahindra launched its “Integrity at Work” program, which resulted in a 25% increase in employee engagement scores related to ethical conduct. Through this initiative, the company established a whistleblower policy, promoting a safe environment for reporting unethical behavior.

In its recent Corporate Governance report, Mahindra reported a 0 instances of regulatory non-compliance across its operations, highlighting its commitment to integrity.

Excellence

Excellence represents Mahindra’s pursuit of the highest standards in quality and performance. The company aims to be a leader in its industry through continuous improvement and innovation.

In 2023, Mahindra invested ₹1,500 crore in R&D, which significantly enhanced the performance of its automotive and farm equipment products. For example, the introduction of advanced technology in the Mahindra XUV700 resulted in an increase in customer satisfaction ratings to 90%.

The company has also achieved ISO 9001:2015 certification for its manufacturing plants, underscoring its commitment to excellence in operational processes.

Innovation

Innovation is a vital core value that drives Mahindra to develop cutting-edge solutions that meet the dynamic needs of its customers.

In 2024, Mahindra launched its electric vehicle (EV) range, which accounted for a remarkable 15% of total vehicle sales, reflecting a substantial shift towards sustainable mobility. The launch of the Mahindra eVerito in 2023 saw a 40% increase in sales in the EV segment compared to the previous year.

The company has partnered with tech firms to incorporate AI and IoT technologies into its products, enhancing both efficiency and user experience.

Customer First

The Customer First value indicates Mahindra's dedication to putting the customer at the center of all business decisions. Understanding customer needs is crucial for delivering value and ensuring satisfaction.

Mahindra conducted over 1,000 customer feedback sessions in 2023, leading to actionable insights that improved product features and services. The implementation of these insights led to a 30% increase in Net Promoter Score (NPS).

Additionally, Mahindra's After Sales Service initiative improved service response times by 20%, enhancing overall customer experience.

Sustainability

Sustainability is a core value that guides Mahindra’s operations towards ecological responsibility and social equity.

In its 2023 Sustainability Report, Mahindra announced a goal to reduce its carbon footprint by 50% by 2030. In 2024, the company achieved a 10% reduction in emissions through energy-efficient manufacturing processes.

Mahindra also launched the 'Green Initiative' program, which has led to the planting of over 1 million trees in various regions, significantly contributing to biodiversity and community well-being.