Stock Report

Mahindra Auto sells 27854 SUV's and 56148 vehicles overall in July 2022

Posted On : 2022-08-01 12:38:54( TIMEZONE : IST )

Mahindra Auto sells 27854 SUV's and 56148 vehicles overall in July 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 July 2022 stood at 56148 vehicles. In the Utility Vehicles segment, Mahindra sold 27854 vehicles in July 2022. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 28053 vehicles in July 2022.

Exports for the month were at 2798 vehicles. In the Commercial Vehicles segment, Mahindra sold 20946 vehicles in July 2022.

According to Veejay Nakra, President, Automotive Division, M&M Ltd., "We continued our strong performance with sales of 27854 SUVs in July, registering a growth of 34% fueled by robust demand for all our brands including XUV700, Thar, Bolero and XUV300. Our Commercial Vehicles also registered growth and exports were up at 32%. The supply chain situation continues to remain dynamic, and we are monitoring the situation closely."

Shares of Mahindra & Mahindra Limited was last trading in BSE at Rs. 1164.75 as compared to the previous close of Rs. 1149.20. The total number of shares traded during the day was 103138 in over 5986 trades.

The stock hit an intraday high of Rs. 1184.35 and intraday low of 1152.00. The net turnover during the day was Rs. 120330474.00.

Source : Equity Bulls


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