02 Integrated Annual Report 2025-26 The next global order may be built by ‘connectors’ in a fragmented world. This opens up an opportunity for India to be a ‘connector economy’. Can we continue to reap the amrit in this new Manthan? For India, the stars are favourable. India’s rise today is being increasingly aligned with the way the world is being reconfigured. Mark Carney and many other global leaders have called for the world to move beyond rigid trading blocs towards multiple coalitions, and this is happening as we speak. The next global order may well be built by those who can become ‘connectors’ in a fragmented world. This opens up an opportunity for India to be a ‘connector economy’ that works across divides. It is already beginning to establish this reputation with its low-key ‘goodwill towards all’ approach over the past year. Add to that India’s democracy and political stability, its geographical position as a political and economic buffer against China, its large internal market, and the trust which it generates across ideological blocs, and you have the definition of a perfect ‘connector economy’. We were the first to implement the concept of non-alignment; this is the ideal time to move from being ‘non-aligned’ to being a ‘multi-aligned’ force and a trusted partner. The question for India is no longer whether it will rise, but how fully will it translate this moment into an enduring advantage. For M&M, the opportunities are even more significant than the last Manthan. This is not a time to stand still or to rest on our laurels. It is time to move from navigation to acceleration. As the mist of uncertainty billows around us, we will look for enduring advantage by going into Attack Mode. Attack Mode is a strategy adopted in Formula E racing, where a racing driver makes a deliberate choice to accelerate at the right moment, in imperfect conditions. In ideal conditions, overtaking is difficult, because everyone is at speed. It is when conditions are rainy or hazy that calculated acceleration can propel you to victory. This is not reactive speed; it is strategic acceleration, backed by preparation and conviction. As the cover symbolises, we are accelerating through the fog, confident in the strength of our vision, the clarity of our strategy, and the effectiveness of our execution. Sincerely,
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