In a major setback for billionaire Anand Mahindra Mahindra & Mahindra Indias leading automaker lost a whopping Rs 7815 crore in market valuation in a single day ironically on the very first day of the Auto Expo 2025 a biennial event which provides a platform to Indian and global carmakers to showcase their latest innovations on a grand scale. According to market data the market capitalization (mcap) of Mahindra & Mahindra eroded by Rs 7815 crore in a single day after the companys shares tumbled by 2.12 percent  on Friday. Mahindra & Mahindras stock closed at Rs 2917.95 on the BSE on Friday the same day when the carmaker unveiled its new electric SUV XEV 9e at the auto expo. The Anand Mahindra-led company has witnessed a decline in share prices since January 3 when it stock prices had hit a 52-week high of Rs Rs 3237. Mahindras shares have slumped by 9.85% in the last two weeks crashing the company market valuation to Rs 39674.78 crore. According to market experts the downward spiral of Mahindras shares does not necessarily reflect the companys performance but rather an effect of the current market trends however the fall in the automakers stock has set panic among investors who will keenly monitoring Mahindra & Mahindras performance at the auto expo in the coming days. Mahindra & Mahindra unveiled its new SUV XEV 9e on Day 1 of Auto Expo 2025. The electric SUV which was launched in November 2024 comes at a base price of Rs 21.90 lakh (ex-showroom) while the top variant comes costs Rs 30.90 lakh. Anand Mahindra the Chairman of the Mahindra Group is one of the richest men in India boasting a net worth of $3.6 billion according to Forbes.