M&M shares jumped around 3% after the automaker posted a strong Q4, with net profit up 42% year-on-year and revenue rising 29%. Robust full-year earnings followed, prompting Nomura and other brokerages to turn bullish on the stock. The big question now is whether the momentum can continue beyond these results.
Maruti Suzuki shares are down nearly 25% from their January peak, wiping out about Rs 1.28 lakh crore as investors grapple with margin pressure and worries over market share. While brokerages are split on the outlook, near-term challenges remain. Still, steady sales momentum, a healthy order backlog, and expected margin improvement could help the stock recover in upcoming quarters.
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India’s electric car market is shifting upward. Carmakers are pushing more expensive models, and sales in the ₹20–30 lakh bracket are rising sharply. Meanwhile, cheaper EVs under ₹10 lakh are losing ground. Luxury EV demand remains strong, signaling growth at the top even as it may slow down broad, mass adoption.
Maruti Suzuki’s March-quarter net profit fell as mark-to-market losses, rising input costs, and production constraints weighed on results. The auto major is now expanding capacity and expects margin improvement by FY30, supported by new SUV launches and accelerating EV momentum. Even with short-term pressure, FY26 delivered record volumes and strong sales.
CAFE III fuel-efficiency standards for auto makers are set to start April 1, 2027, with the government unlikely to extend the deadline. Automakers are already discussing the upcoming norms, and a high-level meeting on April 16 will aim to lock in the framework. The rules include flexible compliance and carbon credit trading, reshaping how companies meet targets.
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