The price of Mahindra & Mahindra shares increased by more than 2% on Tuesday, reaching a new high, as analysts continued to express confidence about the company. On the BSE, M&M shares increased by nearly 3% to ₹3,013.50 per.
During its Investor Day presentation, automaker Mahindra & Mahindra (M&M) said that it will introduce 23 new cars by 2030, including new SUVs. The market share of M&M for SUVs increased from 15% in FY21 to 18% in FY24.
By the end of the decade, the company also plans on introducing seven Born Electric Vehicles (BEV). Three feature-rich BEVs with a high range—the E8, E9 and BE.5—were on show. This demonstrated the focus on performance and aspirational value.
As of 10;20 AM, Mahindra & Mahindra share jumps 2.47% to Rs.3000.55 on NSE.
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