M&M Share Outlook: Festive Season рдореЗрдВ рдХрд┐рддрдиреА рдмрдврд╝реЗрдЧреА рдмрд┐рдХреНрд░реА? SUV рдХреА Demand рдХреИрд╕реА рд░рд╣реЗрдЧреА?
Zee Business ┬╖ 06 Nov 2026 ┬╖ 4 min
Management interview of Mahindra & Mahindra Ltd (M&M), with 2 key numbers discussed.
- Amarjyoti Barua, President & Group CFO, Mahindra & Mahindra Ltd
Mahindra & Mahindra has cut its full-year tractor growth guidance from 5% to flat due to uneven rainfall and deficit monsoon conditions affecting rural demand. The company expects industry tractor volumes to drop 10%-11% in H2FY27. However, management remains bullish on the auto division, citing robust traction across SUVs, light commercial vehicles, three-wheeler EVs, and Blazo trucks. Margin headwinds from commodity inflation are anticipated to persist in Q3FY27 before easing in Q4FY27 as steel stabilizes and precious metal prices correct.