Ex­pected Vol­ume Growth

The Economic Times - - Smart -

M&M (

UV s Fig in %)

Vol­umes (YoY)

op­er­at­ing mar­gins of the trac­tor seg­ment ex­panded YoY to

launch new trac­tors by Sept of the next fis­cal year

FY17E FY18E FY19E -1 14 17 10 10 13 8 5 8 5 5 10 10 13 11 In Q3, bps Co will 210 17.4%

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