Archive · 21 Nov 2025
Mahindra Targets Rs 2.27 Lakh Crore Auto Revenue by FY30, Brokerages See 15-21% Upside
Mahindra wants to make much more money from its car business in the next five years.
It plans to sell more SUVs and expand into new countries.
It also wants to sell more electric cars in India and around the world.
Three big investment companies think Mahindra's stock price could go up by 15% to 21% in the future.
Mahindra targets Rs 2.27 lakh crore in auto revenue by FY30, up from Rs 90,825 crore in FY25
Plans to become world's fastest-growing SUV brand with new launches and portfolio expansion
Expects market share gains in LCVs and SUVs, with LCV share rising to 54.1% in FY26 from 51.7% in FY25
Will launch new SUVs on global platforms NU_IQ (ICE) and INGLO (EVs) from 2027
Brokerages Motilal Oswal, Nuvama, and Jefferies see 15-21% upside in M&M share price
- Who
- Mahindra Group
- What
- Outlines ambitious roadmap for automotive business and receives bullish calls from brokerages
- When
- At the company’s Investor Day and recently
- Where
- Not specified
- Why
- To grow revenue and expand market share, and to capitalize on strong growth potential
Bullish View
Cautious View
Growth Potential
Bullish View
Mahindra's clear long-term plans and strong product pipeline indicate significant growth potential
Cautious View
Potential market saturation and increased competition in SUV and EV segments
Export Expansion
Bullish View
Expansion into new markets can drive revenue growth
Cautious View
Currency fluctuations and geopolitical risks may impact international operations
Share Price Upside
Bullish View
Brokerages see 15-21% upside due to strong growth prospects
Cautious View
Market conditions and investor sentiment may affect share price performance
- Current Auto Revenue
- Rs 28,408.63 crore (FY20)
- Target Auto Revenue (FY30)
- Rs 2.27 lakh crore
- Expected CAGR (FY25-FY30)
- 20%
- Target LCV Market Share (FY26)
- 54.1%
- Target SUV Market Share (FY26)
- 26.4%
- Motilal Oswal Target Price
- Rs 4,275 (15% upside)
- Nuvama Target Price
- Rs 4,200 (14.6% upside)
- Jefferies Target Price
- Rs 4,500 (21% upside)
Sources
Mahindra targets nearly 3x rise in auto revenue in 5 yrs
M&M Share Price: Analysts say valuations attractive, 'growth gems' will deliver
21% upside on the cards? 3 brokerages, 1 verdict – Here’s what’s powering bullish calls on M&M
