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Maruti Suzuki’s Q2 paradox: record volumes, shrinking margins

Maruti Suzuki India’s record September-quarter (Q2FY27) sales of 696,654 units, up 26.5% year-on-year, lifted revenue 26% to ₹53,340 crore but failed to offset higher commodity costs. Standalone Ebitda margin contracted 308 basis points (bps) to 8.9%. Passenger vehicle demand benefited from goods and services tax (GST)-led…

Mahindra

Mahindra SUVs, pick‑ups, and global ventures (e.g., Roxor).

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