M&M Q1 Results: Profit surges 67% YoY to Rs 1,430 crore but misses estimates

“M&M continues to maintain the first position in SUV revenue market share, while FES strengthened its leadership position with 42.7 per cent tractor market share. With 2,73,000 bookings, the demand for the automotive product portfolio remains strong. Following the blockbuster launch of Scorpio-N, we are excited about the next phase with the unveil of our Born Electric Vision later this month,” Executive Director Rajesh Jejurikar said.