There's nothing to be excited about really! Mr. Mahindra has given a diplomatic answer because Bitcoin is still not recognized as a legal tender in India. So he can't give a straight answer on this matter. But I am sure Mr. Mahindra wouldn't do anything drastically different than what the rest of the businesses will be doing. Unless Bitcoin is accepted as a legal tender in India with a proper legal framework, no big businesses will accept cryptocurrency in any way! No one would bring the wrath of the government onto themselves.

Crypto has a long way to go in India, to be honest. The current government has no plan to make it a legal tender. Rather they will be more than happy to ban it. The looby of RBI is very strong in India and they will not allow crypto to become a legal tender till their last breath.