Mahindra & Mahindra Ltd. (M&M Ltd.), one of India's leading automotive companies, today announced that its overall auto sales (passenger vehicles + commercial vehicles + exports) for the month of July 2021 stood at 42983 vehicles.
In the Utility Vehicles segment, Mahindra sold 20797 vehicles in July 2021. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 21046 vehicles in July 2021. Exports for the month of July 2021 were at 2123 vehicles.
According to Veejay Nakra, Chief Executive Officer, Automotive Division, M&M Ltd., "More than 90% of our dealerships and workshops are now operational across the country. We have seen significant increase in activity levels, enquiries and as a result, sales across our product portfolio. We sold 42983 vehicles overall and registered a growth of 91% in the Passenger Vehicles segment, over same period last year. While supply of semiconductors continues to be a global issue and we are doing everything to address it on priority, July has been an exciting month for us with two new product launches. We launched the Bolero Neo for the new age customer's looking for a tough, powerful, go-anywhere authentic SUV. We also launched the Supro Profittruck range of SCV's offering guaranteed higher mileage and payload and have on-boarded Ajay Devgn as the brand ambassador. Both launches have received very positive initial response and we are confident of building on this in the coming months."
Shares of Mahindra & Mahindra Ltd. was last trading in BSE at Rs. 743.2 as compared to the previous close of Rs. 731.7. The total number of shares traded during the day was 241824 in over 9659 trades.
The stock hit an intraday high of Rs. 759.9 and intraday low of 732. The net turnover during the day was Rs. 181273087.