M&M's Q4 Earnings Propel Shares to Record High, Share Price Jumps Over 7%! M&M's Q4 Earnings Propel Shares to Record High, Share Price Jumps Over 7%! 

M&M reported a substantial 31.6% increase in Q4 FY24 net profits, reaching ₹2,038.21 crore from ₹1,548.97 crore the previous year, driving shares up over 7% to a record high of ₹2,554.75 on the BSE. Revenue grew by 11.24% to ₹25,108.97 crore, with automobile sales up 14%.

Mahindra & Mahindra Ltd plans to invest ₹26,000 crore over three years in its automotive sector, with ₹12,000 crore dedicated to its electric vehicle division, MEAL. This investment aims to meet the growing demand for autos and expand electric and SUV capacities.

Investments will be channelled into SUVs (₹8,500 crore), commercial vehicles (₹4,000 crore), and farm equipment (₹5,000 crore). M&M anticipates a mid to high-teens growth rate this fiscal year and plans for 30% of its SUV lineup to be electric by 2027.

M&M is set to boost production, including a 5,000-unit increase in SUV capacity and 18,000 units for electric vehicles by FY26. Nine new ICE SUVs, seven BEVs, and seven LCVs are slated for launch, reinforcing M&M’s strong market performance and sales growth.