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After a strong ride amid pandemic, M&M investors face a bumpy road

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₹4,800 crore versus a positive FCF of ₹750 crore earlier." Over FY22-24, M&M’s capex guidance stands at around ₹12,000 crore for its auto and farm segments.

For the same period, investment guidance stands at around ₹5,000 crore, including ₹3,500 crore for group companies.As things stand, in the short term, M&M is gearing up for risks arising out of semiconductor shortages, localized lockdowns and commodity price inflation.

Moreover, with the pandemic looming and impacting rural areas more deeply this time around, the path ahead is expected to be rough. “We believe domestic tractor industry volumes are near the peak, and we expect a negative 6% CAGR over FY21-23E.

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United States
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India
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United Kingdom
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Russia
Russia
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Deaths: 237 619
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Detail statistic
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