Hi Narayanaswamyn,
This requires you to add support for modem for networkmanager as this is not by default enable from network manager recipe.
One can try to add same as below
through local.conf add below lines
PACKAGECONFIG_append_pn-networkmanager = " modemmanager ppp"
Alternatively create bbappend file for networkmanger recipe and patch your changes.
You can take reference from below recipe which is for our Torizon OS
Please check section 5.1.5 in yocto refrence mannual for more information
https://www.yoctoproject.org/docs/1.6/dev-manual/dev-manual.html
Best Regards
Ritesh kumar