Q3 2024 Mahindra and Mahindra Ltd Earnings Call Transcript
Hi. Good afternoon, everyone. We are a couple of minutes passed, so we'll start now. And let me just take you through the highlights of the quarter, then we'll have Rajesh come in and talk about the Auto and Farm businesses, and Manoj will talk a little more about the financials.
Overall, a very solid operating performance, excluding Tech M. You've seen the Tech M results. It's getting on a path for recovery and a turnaround now, but there's more work to be done. Obviously, a lot more work there. But besides that, Auto continues on a very strong momentum, gaining market share in SUV up at 21% now from a revenue standpoint, #1 in market share. And at 49.6% in LCV. So very strong performance on both of those fronts.
Farm, while the industry has been tough and we expect it to be down 5% to 6% for this year, the business has actually gained 80 basis points of market share. And the level that we are at, at above 40%, that again is something that is very strong
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