 "Mahindra XUV 900")
Auto major Mahindra & Mahindra’s (M&M) March quarter performance was a mixed bag with an outperformance on the revenue front while margins saw a slight miss. Revenues for sports utility vehicle (SUV) maker and tractor leader came in at a robust 32 per cent on the back of a 22 per cent jump in volumes while realisations too improved by eight per cent.
Both the key segments of auto and farm equipment posted 29-36 per cent growth in revenues that was largely volume led. In the auto segment, demand momentum on the back of new launches remains strong with 57,000
