M&M share price, Mahindra Shares Surge: Auto giant Mahindra & Mahindra (M&M) is grabbing headlines as the company continues its aggressive push into the electric vehicle (EV) market with the unveiling of two new models—BE 6e and XEV 9e—on Tuesday. This development, coupled with robust financial results for Q2 FY25, is expected to keep M&M shares under the spotlight today.
Mahindra & Mahindra’s New EV Lineup: BE 6e and XEV 9e
M&M expanded its EV portfolio by unveiling two ground-up models:
- BE 6e: Starting at ₹18.9 lakh (ex-showroom) with a range of 682 km.
- XEV 9e: Priced at ₹21.9 lakh (ex-showroom) for the entry variant, offering a range of 656 km.
Deliveries of both models are set to begin in February-March 2025, with additional variant pricing to be announced later.
CEO Insights
Rajesh Jejurikar, Executive Director and CEO for Auto and Farm Sectors, stated:
“We believe we have a very competitive offering that will create a category.”
Mahindra’s Strategy to Enhance Customer Experience
M&M plans a phased go-to-market rollout for these EVs starting January 2025. To enhance the customer experience:
- Pre-Purchase Drives: 500 specialists from premium and luxury brands will be onboarded to facilitate pre-purchase test drives.
- Dedicated Customer Support: 400 tech experts from the Mahindra Research Valley (MRV) in Chennai will provide post-sales support.
Investment in Electric Vehicles
M&M has committed over ₹12,000 crore to its EV business, including setting up a dedicated EV manufacturing line at its Chakan plant.
- Installed Capacity: 1.2 lakh units annually.
- Current EV Portfolio: M&M already sells the XUV400 in the electric passenger vehicle segment.
M&M Stock Performance: A 12-Month Rally
M&M shares have witnessed significant growth:
- Past 12 Months: 92% rally.
- Calendar Year 2024: Up 76% year-to-date.
Q2 FY25 Financial Highlights
M&M’s financial performance for the quarter ended September 30, 2024 (Q2 FY25):
- Consolidated PAT: ₹3,171 crore, a 35% YoY increase from ₹2,348 crore.
- Revenue: ₹37,924 crore, up 10% YoY from ₹34,436 crore.
Market Outlook for M&M Shares
M&M’s strategic EV initiatives, coupled with robust financial results and significant stock momentum, are expected to maintain investor interest. The market will closely monitor the stock today, especially as the auto sector’s focus shifts towards sustainable mobility solutions.
Key Takeaways for Investors
| Highlights | Details |
|---|---|
| New EV Models | BE 6e (₹18.9 lakh) and XEV 9e (₹21.9 lakh). |
| Delivery Timeline | February-March 2025. |
| Investment in EVs | Over ₹12,000 crore in the EV segment. |
| Q2 FY25 PAT Growth | 35% YoY increase to ₹3,171 crore. |
| Revenue Growth | 10% YoY increase to ₹37,924 crore. |
Potential Headwinds
- Market sentiment may remain cautious due to global economic uncertainties.
- Competition in the EV space continues to heat up, with multiple players vying for market dominance.
Disclaimer
This article is purely informational. Daily Haryana News does not endorse buying or selling stocks. Always consult a certified financial advisor before making investment decisions.
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