Synopsis
The recovery in the automobile segment may offset the pressure on the tractors division owing to the higher base in the last fiscal year. The total order booking of the auto segment rose to 160,000 units in the quarter, of which XUV 700 accounted for 70,000 units.
ET Intelligence Group: Mahindra & Mahindra’s (M&M) stock has gained 7 per cent since its second-quarter result on Tuesday following a strong momentum in the sports utility vehicles (SUV) segment. The recovery in the automobile segment may offset the pressure on the tractors division owing to the higher base in the last fiscal year.
The total order booking of the auto segment rose to 160,000 units in the quarter, of which XUV 700 accounted for
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