Mahindra Auto sells highest ever SUVs, 36,205 vehicles with a 30% growth, and overall, 66,124 vehicles with a 18% growth in July 2023

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 2023 stood at 66,124 vehicles, including exports.

In the Utility Vehicles segment, Mahindra sold its highest-ever SUVs of 36,205 vehicles in a month, in the domestic market, and overall, 37,519 vehicles, including exports. The domestic sales for Commercial Vehicles stood at 20,898 units.

"According to Veejay Nakra, President, Automotive Division, M&M Ltd., "It has been a record-breaking month for us. We are excited to clock the highest-ever SUV domestic sales of 36,205 in a month. The XUV700 tribe grew to 1 lakh strong, in a record time of 20 months. Also in July, the Scorpio brand achieved the highest sales in a month since its launch. We continue to receive robust demand for our key brands. We will keep a close watch on the availability of semi-conductors and select parts to ensure sustained scaleup."

Shares of Mahindra & Mahindra Limited was last trading in BSE at Rs. 1475.95 as compared to the previous close of Rs. 1467.60. The total number of shares traded during the day was 31237 in over 2376 trades.

The stock hit an intraday high of Rs. 1479.00 and intraday low of 1458.60. The net turnover during the day was Rs. 45902104.00.

Source : Equity Bulls

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MahindraandMahindra INE101A01026 SalesVolume July2023