Mahindra & Mahindra to List Electric Three-Wheeler Business by 2027: Anish Shah

• Mahindra & Mahindra (M&M) plans to list its electric three-wheeler (e3W) business by 2027, as announced by Group CEO Anish Shah at Davos.
• The listing aims to unlock value and fund the e3W business's expansion into international markets, leveraging its current 40-45% market share in India.
• Funds from the listing will be reinvested for growth, maintaining the group's disciplined capital allocation strategy.
• EVs currently constitute 7% of Mahindra's volumes, projected to rise to 20-30%, though infrastructure, especially highway charging, remains a bottleneck.
• Shah emphasized policy continuity for India's growth and the need to become a global manufacturing hub to mitigate supply chain risks.

Why It Matters: Mahindra & Mahindra will list its e3W business by 2027 to fuel growth and international expansion.