M&M - XUV7OO Could Ring A Creta Like Bell: ICICI Securities
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Mahindra & Mahindra Ltd. launched its much-awaited mid-size sports utility vehicle XUV7OO which has several segment-first features on interiors, exteriors (e.g. advanced driver-assistance systems, smart door handles) with class-leading power (155-200 horsepower) and an attractive price (ex-showroom: Rs 1.2 million-1.5 million).
The product is also the first to be branded under the exclusive SUV-only M&M logo.
Our first impression of the product remains favourable and with consumers increasingly preferring the SUV body type (Q1 FY22 volume contribution: ~46% for domestic passenger vehicle market (ex-Vans)), we believe, XUV7OO (aided by Thar) could set M&M on the path of profitable market share gains in the segment.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.