The Indian automotive industry has had a moderately positive beginning to the financial year, led by consumer sentiments and seasonal festivities. Q1FY25 domestic listed companies’ total sales of passenger vehicles grew by an average of 8.2% YoY, aligning closely with our estimate. Notably, the demand for UV continues to be […]
EVs
M&M is looking to capitalize on its market leadership in the automotive and farm segments and unlock the potential of its key subsidiaries—Mahindra Lifespaces, Mahindra Holidays, and Mahindra Last Mile Mobility, which it has identified as its “growth gems”. The outlook for M&M’s automotive business is upbeat, with the company […]