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M&M&M

M & M Q1 FY25 results (Apr–Jun 2024) and concall

Automobile and Auto Components · Concall AI · Call held 31 Jul 2024

Company page: M & M share price, financials & guidance record

Source transcript

M&M delivered a strong Q1 FY25 with broad-based market share gains across SUVs, LCVs, and tractors. Auto PAT grew 35% and farm grew 4% in a tough market. The company took a strategic price action on XUV700 to improve accessibility, while maintaining that the financial impact would be negligible due to operating leverage and cost reductions. Thar 5-door launch is imminent and expected to significantly expand the addressable market. Subsidiaries Mahindra Finance and TechM showed encouraging turnaround progress.

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Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.