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M&M Q3 profit up 19% on strong SUV demand
Hindustan Times Jammu
|February 08, 2025
Indian automaker Mahindra & Mahindra reported a 19% rise in quarterly profit on Friday, driven by strong sport utility vehicles sales and said it would separately account and report the low-margin earnings of its electric SUVs from the current quarter.
MUMBAI:
The 'Scorpio' SUV manufacturer reported a profit of ₹2,964 crore ($339 million), up from ₹2,490 crore a year before.
Mahindra is India's top SUV maker by revenue and also leads sales of tractors. Its SUV volume grew 20% in the quarter, as did those of its tractors.
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