Mahindra & Mahindra Expects Demand to Rise After GST Rate Cut -- Market Talk

Dow Jones

02/12

0612 GMT - Mahindra & Mahindra's outlook across segments appear strong, Nomura analysts say in a research report. According to management commentary, India's goods-and-services tax reduction should support structurally high demand for commercial vehicles due to improved profitability. Management also said the company's 'XEV 9S' electric sport utility vehicle is adding new customers in India's North, while two model refreshes for SUVs and light commercial vehicles are planned for this year. Nomura keeps Mahindra & Mahindra as its top original equipment manufacturer pick as the automaker is outperforming across segments. It raises the stock's target price to INR4,662.00 from INR4,355.00 with an unchanged buy rating. Shares are 1.3% lower at INR3,627.15. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

February 12, 2026 01:12 ET (06:12 GMT)

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According to management commentary, India's goods-and-services tax reduction should support structurally high demand for commercial vehicles due to improved profitability. Management also said the company's 'XEV 9S' electric sport utility vehicle is adding new customers in India's North, while two model refreshes for SUVs and light commercial vehicles are planned for this year. Nomura keeps Mahindra &amp; Mahindra as its top original equipment manufacturer pick as the automaker is outperforming across segments. It raises the stock's target price to INR4,662.00 from INR4,355.00 with an unchanged buy rating. Shares are 1.3% lower at INR3,627.15. 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According to management commentary, India's goods-and-services tax reduction should support structurally high demand for commercial vehicles due to improved profitability. Management also said the company's 'XEV 9S' electric sport utility vehicle is adding new customers in India's North, while two model refreshes for SUVs and light commercial vehicles are planned for this year. Nomura keeps Mahindra &amp; Mahindra as its top original equipment manufacturer pick as the automaker is outperforming across segments. It raises the stock's target price to INR4,662.00 from INR4,355.00 with an unchanged buy rating. Shares are 1.3% lower at INR3,627.15. (ronnie.harui@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 12, 2026 01:12 ET (06:12 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GST","symbol_name":"Gastar Exploration","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2610915651","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2610915651","pubTimestamp":1770876720,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0612 GMT - Mahindra & Mahindra's outlook across segments appear strong, Nomura analysts say in a research report. According to management commentary, India's goods-and-services tax reduction should support structurally high demand for commercial vehicles due to improved profitability. Management also said the company's 'XEV 9S' electric sport utility vehicle is adding new customers in India's North, while two model refreshes for SUVs and light commercial vehicles are planned for this year. Nomura keeps Mahindra & Mahindra as its top original equipment manufacturer pick as the automaker is outperforming across segments. It raises the stock's target price to INR4,662.00 from INR4,355.00 with an unchanged buy rating. Shares are 1.3% lower at INR3,627.15. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"GST":"Gastar Exploration"},"translate_title":"Mahindra&Mahindra预计商品及服务税税率下调后需求将上升——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GST":1.5},"content_text":"0612 GMT - Mahindra & Mahindra's outlook across segments appear strong, Nomura analysts say in a research report. According to management commentary, India's goods-and-services tax reduction should support structurally high demand for commercial vehicles due to improved profitability. Management also said the company's 'XEV 9S' electric sport utility vehicle is adding new customers in India's North, while two model refreshes for SUVs and light commercial vehicles are planned for this year. Nomura keeps Mahindra & Mahindra as its top original equipment manufacturer pick as the automaker is outperforming across segments. It raises the stock's target price to INR4,662.00 from INR4,355.00 with an unchanged buy rating. Shares are 1.3% lower at INR3,627.15. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 12, 2026 01:12 ET (06:12 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"economic","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}