Mahindra Auto clocks it's highest ever SUVs volume in February 2022 with 27551 vehicles

Mahindra & Mahindra Ltd. (M&M Ltd.), one of India's leading automotive companies, today announced that its overall auto sales for the month of February 2022 stood at 54455 vehicles.

In the Utility Vehicles segment, Mahindra sold 27551 vehicles in February 2022. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 27663 vehicles in February 2022. Exports for the month were at 2814 vehicles.

In the Commercial Vehicles segment, Mahindra sold 20166 vehicles in February 2022 with growth of 119%. All the Light Commercial Vehicle Segments of <2T, Pickups (2T to 3.5T), >3.5T and the heavy commercial vehicles continued their robust growth trajectory in February 2022.

According to Veejay Nakra, Chief Executive Officer, Automotive Division, M&M Ltd., "With an overall sale of 54455 vehicles, we have achieved a growth of 89% in February 2022. All segments showed robust growth including SUVs at 79%, which registered the highest ever monthly volume. We expect demand to continue to remain strong as the Covid situation eases further. We continue to closely monitor the semiconductor related parts supply and take corrective action as appropriate."

Shares of Mahindra & Mahindra Limited was last trading in BSE at Rs. 790.95 as compared to the previous close of Rs. 807.70. The total number of shares traded during the day was 174230 in over 7214 trades.

The stock hit an intraday high of Rs. 807.60 and intraday low of 787.00. The net turnover during the day was Rs. 138189016.00.

Source : Equity Bulls

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