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'Buy' M&M Shares Maintains Motilal Oswal On Long-Term Growth Drivers — Check Target Price
Driven by new launches, M&M to continue to outperform industry growth, says Motilal Oswal.
21 Nov 2025, 09:39 AM IST 
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M&M maintains a dominant position in the below-3.5T segment, where its market share improved by 290bp to 51.9% in FY25.
(Photo source: Mahindra Group website)
M&M has identified nine businesses as its growth gems and has set an ambitious target of achieving five times growth in five-seven years for each of these segments. Any incremental value unlocked in any or all of the growth gems in the coming years is likely to provide additional returns for M&M shareholders.
