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'Buy' M&M Shares, Maintains Motilal Oswal On Healthy Rural Recovery, New Product Launches
M&M remains committed to delivering 15-20% EPS growth and 18% ROE, ensuring sustained shareholder value, adds Motilal Oswal
15 Jul 2025, 09:20 AM IST 
For FY25, while M&M’s revenue grew 17% YoY to Rs 1,165 billion, adjusted PAT grew 11% YoY to Rs 118.6 billion. (Photographer: Vijay Sartape/NDTV Profit)
M&M’s recently unveiled XUV 3XO and Thar Roxx have received a healthy response. The company will continue to maintain a robust launch pipeline in the long run, targeting seven ICE SUVs (two mid-cycle enhancements), five BEVs, and five light commercial vehicles (two of which will be EVs) by 2030.
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