Mahindra Group Chairman Anand Mahindra on Thursday stated folks may quickly have the ability to purchase Mahindra vehicles with Bitcoin. Whereas the crypto panorama stays unsure in India as a result of strict regulatory strain and tax burden, buyers and firms proceed to discover the crypto market.
Anand Mahindra replied to a tweet on whether or not Mahindra vehicles might be bought with Bitcoin. He stated there could also be a chance to purchase Mahindra vehicles with Bitcoin sooner or later. It hints at a possible future when folks in India should purchase a automobile with Bitcoin or different cryptocurrencies.
Not but. However possibly little by little sooner or later.. https://t.co/pQS0ZQ52Qf
— anand mahindra (@anandmahindra) April 20, 2023
Mahindra Group’s Crypto and Blockchain Presence
Bitcoin worth at present trades at 23.80 lahks (approx. $29,000). Mahindra’s high mannequin vehicles such because the XUV 700 price between 20-30 lakhs. As Bitcoin worth continues to rise, it’s going to turn out to be cheaper to purchase a automobile with Bitcoin.
Mahindra Group of corporations are extra inclined in the direction of crypto and blockchain. Tech Mahindra has entered the blockchain and metaverse area, main the developments amid rising potential of those future applied sciences. Kotak Mahindra Financial institution turned one of many first banks to open its doorways to the crypto market in India.
Anand Mahindra was additionally rumored to be making tens of millions by investing in Bitcoin. Nevertheless, he dismissed all stories claiming that he hasn’t invested a single rupee in cryptocurrencies.
Mahindra & Mahindra even collaborated with Tech Mahindra to launch its first batch of Mahindra Thar Superhero-themed NFTs. The Thar NFT was bought for document 11 lakhs, which is sort of equal to the Mahindra Thar price.
Main vehicle corporations comparable to Audi, BMW, Mercedes, and Porsche settle for Bitcoin. Tesla additionally accepted Bitcoin for Tesla autos however discontinued its program in 2021. Nevertheless, Tesla holds Bitcoin price $184 million on its stability sheet.
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The offered content material might embody the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability on your private monetary loss.