Mahindra & Mahindra: May Sales Up 17%, HSBC Sees 14% Upside

🚘

reported 80,458 unit sales in May 2025, a 17% YoY rise, with production jumping 28% to 89,626 units. However, exports fell 27% to 2,671 units. HSBC maintained a 'Buy' rating, highlighting a 14% upside driven by expected EV segment profitability.