Utility Vehicle Business To Drive Growth With Strong Orderbook, Say Analysts

The utility vehicles segment will be the key driver of Mahindra & Mahindra Ltd.’s growth in the next two years and possibly surprise street’s estimates, analysts said.That is because the Thar SUV maker’s passenger vehicle business is on a firm growth path with strong orderbook, line-up of product launches, cyclical growth in industry volumes, and better profitability including market share gains, they said.The company has an orderbo…