Mahindra & Mahindra shares fell 4.4% to 2,812.30 rupees, marking their worst day since July 2024, amid disappointing first-day bookings of 30,179 units for its electric SUVs, below UBS's expectation of 70,000. The automaker has seen a 12% decline over six sessions, with premium pricing potentially dampening interest, though other brokerages like Goldman Sachs and Morgan Stanley reported that bookings met expectations. Year-to-date, the stock is down approximately 6.5%.