Archive · 31 Jul 2026
M&M CEO Charts Growth in CV and EV Segments
M&M is a company that makes vehicles.
Its boss, Rajesh Jejurikar, said the company wants to grow a lot.
They plan to merge with another company to get more customers.
They hope to earn a lot of money and take a big share of the market.
They also want to make more electric three‑wheelers and SUVs.
They already have many orders and are working hard to sell more cars.
M&M CEO Rajesh Jejurikar highlighted a strategic merger to grow the commercial vehicle business.
The company aims for a 6% market share, equating to about Rs 6,000 crore in revenue.
EV penetration in the three‑wheeler segment rose from 12% to nearly 40%, with M&M holding 39.5% market share.
SUV production capacity will increase from 56,000 to 60,000 units per month, doubling by 2030.
M&M reports a strong order book and is focusing on expanding SUV sales to capture more market share.
- Who
- Rajesh Jejurikar, CEO of M&M
- What
- Discussed Q1 earnings, business outlook, and growth plans for CV and EV segments
- When
- Q1 2024
- Where
- Not specified
- Why
- To outline strategic opportunities and market share targets
- Company
- M&M
- CEO
- Rajesh Jejurikar
- Target Market Share
- 6%
- Target Revenue
- Rs 6,000 crore
- EV Penetration (3‑wheeler)
- 40%
- SUV Capacity (2024)
- 60,000 units/month
- Projected Capacity (2030)
- Double current level