Motilal Oswal maintains 'Buy' rating on M&M shares citing healthy rural recovery and new product launches.
M&M aims for 15-20% EPS growth and 18% ROE to ensure sustained shareholder value.
M&M has unveiled XUV 3XO and Thar Roxx with positive response, planning future launches targeting ICE SUVs, BEVs, and light commercial vehicles by 2030.