Rajesh Jejurikar
Executive Director and CEO of Auto and Farm business
Notable Quotes
EVs for us were not to be sold on economics, were to be sold as lifestyle statements.
Memory chip is something that is a supply chain risk, price-sensitive thing because shortage obviously is driving premiums in memory chips. So, memory chip is something which is a watch-out across the portfolio right now.
I am sticking my neck out and saying that I think the outlook will be a double-digit growth for the year.
We stay with our number. So we stay with the mid to high teens as a growth percentage.
We are comfortably covered on the railroads, the magnet issue as we've shared earlier. We have no disruption in production because of that.
We do not go after market share. Our focus is execution. If execution results in higher market share, we will get it.
We would rather give ourselves two or three months to build this capability and rhythm rather than be in the mindset of, 'Let's get the numbers out.' That's not a priority at the moment. The priority is to do this well.
We have a unique advantage of not being so well entrenched an auto player like some of the big players in the Western world are. We were a learning organization without so much of legacy capability and system that we can't adapt.
We are not looking at selling this on economy or fuel saving and so on. We were selling this as a lifestyle SUV statement, what we may call objects of desire.
None of our vehicles on a per-unit basis are selling at a loss on a net margin basis, on the net variable margin basis.
We are very mindful of not trying to ramp this up too fast... we will not trade off the number for the quality.
We are not changing our projections... because we believe that the products that we've launched are going to keep that momentum going.
Earnings Appearances
Mahindra & Mahindra · Q4 FY26
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Mahindra & Mahindra · Q3 FY26
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Mahindra & Mahindra · Q2 FY26
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Mahindra & Mahindra · Q1 FY26
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Mahindra & Mahindra · Q4 FY25
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Mahindra & Mahindra · Q3 FY25
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Mahindra & Mahindra · Q2 FY25
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Mahindra & Mahindra · Q1 FY25
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Mahindra & Mahindra · Q4 FY24
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Mahindra & Mahindra · Q3 FY24
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Mahindra & Mahindra · Q2 FY24
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