M&M Plans to Invest Rs.3000Crore in EV segment and looks to disrupt the space with a help of a Partner. Anish Shah, CEO M&M joins ET Now to share the EV Roadmap for the company and also shares his view on which could be the next growth driving segments from the company, eventually leading to greater value creation for shareholders.

M&M is one of those few Domestic PV companies who in the context of Indian Economy is getting ready to disrupt the space. Anish says that company is looking for multiple partnerships in EVs space as it offers many opportunities for growth. EV Technology build-up, Battery management and charging Infrastructure set-up are some of areas which offer great potential. Currently, the company is working with various players globally and also expects this space to see lot of change in next 2-3 years. The working strategy is where they are looking for partnerships to position themselves better in this area.

To create more value for the shareholders, Anish says that any further investment by the company will be taken which offers a clear path for High returns and if no opportunities seen then it will be given back to the shareholders. The company has clear focus to maintain the cash flow level, ROE and Growth overall. The company sets target for 18%+ ROE and looking at revenue growth of over 15% to 20% CAGR by 2025.Anish adds that Market cap is one of key delivery aspect to reward shareholders and company is working on key inputs to reward shareholders. M&M has Identified 10 growth gems within the company which have potential to achieve 1Bn market cap in which 3 companies are already listed. For value unlocking in the rest company plans to invest in new age platforms, launch IPO and look for partnership for further value creation.

M&M feels that Indian IT sector is witnessing 2nd growth wave in the running decade. Also, they see multiple Industries like Pharma and Auto to be the sunrise sectors which have the potential to fuel the next decade of growth for India.