Mahindra & Mahindra Ltd.

BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
3553.80
-103.65 (-2.83%)
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M&M looking at maintaining leadership position in fast growing SUV segment

Date: 05-06-2023

Mahindra & Mahindra (M&M) is looking at maintaining leadership position in the fast growing sports utility vehicle (SUV) segment in the current fiscal with demand remaining robust for its model range. 

The company, which is sitting on an order backlog of 2.92 lakh units for sports utility vehicles, also plans to ramp-up production capacity by the end of this year, as it looks to cut waiting periods on various models.

M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.