INDIA, Nov. 25 -- The company posted strong quarterly growth, backed by rising demand across key segments and expanding exports. Brokerages remain optimistic as new launches, premiumisation, and a robust EV pipeline support long-term momentum. With ambitious revenue targets, the business is positioning for faster expansion through FY30.

India's passenger cars and utility vehicles sector hit a record with sales of 4.3 million units in FY25, growing 2% year-on-year, as utility vehicles now make up 65% of the market. This expansion is fuelled by increasing demand, festive buying, GST rate cuts, and rising consumer preference for versatile and premium vehicles.

With a market capitalisation of Rs 4,58,078.72 crore, the shares of Mahindra & M...