Mahindra and Mahindra has recently posted a four per cent gain in its value, according to Business-Standard, and has made itself the most valuable company in India’s auto mobile sector.
According to the head of research at Pioneer Intermediaries, this is because Mahindra gets over sixty five percent of its sales from the rural /urban environment, and most of its sales are from the diesel sector.
Mahindra has expanded its product range to increase sales of its utility vehicles, which are diesel based, and this seems to be paying dividends in terms of market share and profitability.
Analysts expect a strong demand for its tractors to continue as the need for them from rural areas will continue, as demand will remain constant.
Full story at Business Standard below