M&M, Tata Motors, Maruti Suzuki: What is driving the rally in these stocks?

With 3XO's launch, M&M management aims to be among the top two players in the compact SUV segment over the course of three years

Shares of automobile companies were leading the charge on the bou­rses on Tuesday, with Mahi­ndra & Mahindra (M&M) rising as much as 5.15 per cent on the BSE during intraday trade.
 

The stock hit a record high of 2,169.25 apiece on Tuesday, and was the top gainer on the BSE and National Stock Exch­ange (NSE). This came after the company launched a compact sports utility vehicle (SUV) — XUV 3XO — at a competitive starting price of Rs 7.49 lakh.
 

With 3XO’s launch, M&M aims to be among the top two players in the compact SUV segment in around three