M&M Q2 results: On consolidated basis, profit fell 15 per cent YoY to Rs 2,348 crore from Rs 2,773 crore on 15 per cent drop in consolidated sales at Rs 34,436 crore from Rs 29,871 crore.
Mahindra & Mahindra surged by 2.52%. TVS Motor, Hero Moto Corp, and Tata Motors moved up by about 1% on Monday. The festive season, which starts in the second half of September, is expected to drive demand across segments within the auto industry, said analysts.