Stock Report

Mahindra Auto sells 30,238 SUV's and 58,303 vehicles overall in November 2022

Posted On : 2022-12-02 08:19:21( TIMEZONE : IST )

Mahindra Auto sells 30,238 SUV's and 58,303 vehicles overall in November 2022

Mahindra & Mahindra Ltd. (M&M Ltd.), one of India's leading automotive companies, has announced that its overall auto sales for the month of November 2022 stood at 58,303 vehicles.

In the Utility Vehicles segment, Mahindra sold 30,238 vehicles in November 2022. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 30,392 vehicles in November 2022.

Exports for the month were at 3,122 vehicles. In the Commercial Vehicles segment, Mahindra sold 19,591 vehicles in November 2022.

According to Veejay Nakra, President, Automotive Division, M&M Ltd., "Our sales volume continued to grow in November powered by robust demand across our portfolio. We sold 30,238 SUVs in November, registering a growth of 56%. We have also registered a strong growth of 31% in our Commercial Vehicles. The supply chain situation continues to be dynamic due to continuing international disruptions. We are keeping a close watch and are taking appropriate steps."

Shares of Mahindra & Mahindra Limited was last trading in BSE at Rs. 1293.35 as compared to the previous close of Rs. 1307.20. The total number of shares traded during the day was 86115 in over 4930 trades.

The stock hit an intraday high of Rs. 1317.50 and intraday low of 1288.60. The net turnover during the day was Rs. 111807678.00.

Source : Equity Bulls


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