Stock Report

Mahindra Auto sells 26632 SUVs and 53726 vehicles overall in May 2022

Posted On : 2022-06-01 18:14:29( TIMEZONE : IST )

Mahindra Auto sells 26632 SUVs and 53726 vehicles overall in May 2022

Mahindra & Mahindra Ltd. (M&M Ltd.), one of India's leading automotive companies, today announced that its overall auto sales for the month of May 2022 stood at 53726 vehicles.

In the Utility Vehicles segment, Mahindra sold 26632 vehicles in May 2022. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 26904 vehicles in May 2022. Exports for the month were at 2028 vehicles.

In the Commercial Vehicles segment, Mahindra sold 21149 vehicles in May 2022. 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 May 2022.

According to Veejay Nakra, President, Automotive Division, M&M Ltd., "With sales of 26632 SUVs in May, we continued the growth momentum with all our brands performing well including XUV700 and Thar. We are witnessing strong bookings and have a robust pipeline. We announced the launch of Scorpio-N, which is generating very high interest levels and promises to be yet another blockbuster from Mahindra. Our Commercial Vehicles have also registered strong growth across segments. We are closely monitoring the supply chain related issues, which continue to constraint volumes and are taking appropriate actions to mitigate the impact."

Shares of Mahindra & Mahindra Limited was last trading in BSE at Rs. 1047.50 as compared to the previous close of Rs. 1033.90. The total number of shares traded during the day was 254924 in over 8129 trades.

The stock hit an intraday high of Rs. 1056.60 and intraday low of 1014.70. The net turnover during the day was Rs. 263728681.00.

Source : Equity Bulls


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