Mahindra & Mahindra Ltd. (M&M Ltd.), one of India's leading automotive companies, today announced that its overall auto sales for the month of June 2022 stood at 54096 vehicles.
In the Utility Vehicles segment, Mahindra sold 26620 vehicles in June 2022. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 26880 vehicles in June 2022. Exports for the month were at 2777 vehicles.
In the Commercial Vehicles segment, Mahindra sold 20431 vehicles in June 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 June 2022.
According to Veejay Nakra, President, Automotive Division, M&M Ltd., "Q1FY23 is our second consecutive highest SUV sales quarter. This has been made possible due to continued robust demand for all our brands including XUV700, Thar, Bolero and XUV300. We sold 26620 SUVs in June and overall, 54096 vehicles, registering a growth of 64%. XUV700 achieved yet another milestone of being awarded the coveted Global NCAP 'Safer Choice' Award for being the safest car in India. This accolade is only available to automakers achieving the highest levels of safety for vehicles sold in India. We had a blockbuster launch of the Scorpio-N and it has generated tremendous buzz and anticipation. The supply chain situation continues to remain dynamic; we are monitoring the situation closely."
Shares of Mahindra & Mahindra Limited was last trading in BSE at Rs. 1108.40 as compared to the previous close of Rs. 1095.05. The total number of shares traded during the day was 117833 in over 6123 trades.
The stock hit an intraday high of Rs. 1112.20 and intraday low of 1064.75. The net turnover during the day was Rs. 128438516.00.