M&M Shares Surge as HSBC Turns Bullish on EV and Growth Prospects

(M&M) shares climbed for the fourth consecutive day on June 5, 2025, driven by HSBC's optimistic outlook on the company’s electric vehicle (EV) margin recovery and robust growth in its core segments. The global brokerage highlighted M&M’s strong performance in the tractor and SUV markets, forecasting a 7 percent rise in tractor volumes for FY26.