Stock Report

Mahindra Auto sells 45640 vehicles in April 2022 registering a growth of 25%

Posted On : 2022-05-02 09:45:11( TIMEZONE : IST )

Mahindra Auto sells 45640 vehicles in April 2022 registering a growth of 25%

Mahindra & Mahindra Ltd. (M&M Ltd.), one of India's leading automotive companies, today announced that its overall auto sales for the month of April 2022 stood at 45640 vehicles.

In the Utility Vehicles segment, Mahindra sold 22168 vehicles in April 2022. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 22526 vehicles in April 2022. Exports for the month were at 2703 vehicles.

In the Commercial Vehicles segment, Mahindra sold 17402 vehicles in April 2022 with growth of 23%. All the Light Commercial Vehicle Segments of <2T, Pickups (2T to 3.5T), >3.5T and the heavy commercial vehicles continued their growth trajectory in April 2022.

According to Veejay Nakra, President, Automotive Division, M&M Ltd., "We continued our growth trajectory in the SUV segment with sales of 22168 vehicles registering a growth of 22%. Our Commercial Vehicles registered growth across all segments and exports were also up at 35%. Demand across our products continues to be robust with strong booking numbers and pipeline. There were a number of supply chain challenges due to lockdown in China. We continue monitoring the developments closely and will take corrective action as appropriate."

Shares of Mahindra & Mahindra Limited was last trading in BSE at Rs. 922.00 as compared to the previous close of Rs. 922.40. The total number of shares traded during the day was 106989 in over 3275 trades.

The stock hit an intraday high of Rs. 939.00 and intraday low of 918.05. The net turnover during the day was Rs. 99876360.00.

Source : Equity Bulls


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