Mahindra & Mahindra (M&M) shares gained nearly 3% in morning trade on Monday after global brokerage Nomura reiterated its buy rating on the stock, with a target price of ₹3,736. The upbeat view comes in the backdrop of the automaker unveiling its ambitious Global Vision 2027 strategy, aimed at strengthening its presence in the global SUV market.
At the core of this strategy is the introduction of NU_IQ, a next-generation modular and multi-energy SUV platform that M&M described as the blueprint for the future of its SUV portfolio worldwide.
As part of the announcement, the company also showcased four new concept SUVs — Vision S, Vision T, Vision SXT, and Vision X — which are expected to move into production beginning 2027. The models underline M&M’s focus on innovation, global design, and advanced technology integration.
Nomura, in its note, said the launch signals Mahindra’s clear intent to expand its international footprint while strengthening its innovation-led approach in the SUV category. The brokerage maintained its FY26 and FY27 revenue forecasts, projecting EBITDA margins at 13.7% and 14.4%, reflecting confidence in the company’s execution capabilities and profitability outlook.
According to brokerage, the combination of new product launches, a stronger global roadmap, and technological advancements places Mahindra & Mahindra in a favorable position for medium- to long-term growth.
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