M&M share price: Nuvama Institutional Equities has assigned a 'Buy' call on the counter with a target price of Rs 1,850, suggesting a potential upside of Rs 20.26 per cent. The PV order book is strong at 286,000 units led by Scorpio, XUV700 and Thar," the brokerage said.
India’s automobile sector witnessed impressive growth in FY23, as per data from the Society of Indian Automobile Manufacturers (Siam). This performance is also visible in the stock markets as the BSE Auto index outperformed the benchmark BSE Sensex in the last financial year. However, data shows that although sales of commercial vehicles, two- and three-wheelers are showing an upward trend, they are still below pre-Covid-19 times. BT Magazine s The Point decodes growth, CV & PV Sales, Hero Vs Honda, Maruti, Hyundai Vs Tata Motors, M&M & more in this Business Today Visual Story.