Synopsis
According to brokerage CLSA, M&M’s SUV market share increased by 340 basis points to 19.2% in FY22. Given the slated launch of Scorpio N in June 2022, the company has high volume visibility.
The stock of Mahindra and Mahindra has outperformed the Nifty 50 by 10% over the past month, following market share gain in the fast-growing sports utility vehicle (SUV) segment with the launch of new models, early signs of recovery in the tractor segment, and disciplined capital allocation.
The volume of the company’s automotive segment grew by 32% year-on-year to 4,65,601 units in FY22, aided by new models, particularly XUV 700. The share of
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