Mahindra Auto sells highest ever SUVs at 37,270 vehicles, a 26% growth, and overall, 70,350 vehicles in August 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 August 2023 stood at 70,350 vehicles, a growth of 19%, including exports.

In the Utility Vehicles segment, Mahindra sold its highest-ever SUVs of 37,270 vehicles in the month, in the domestic market, and overall, 38,164 vehicles, including exports. The domestic sales for Commercial Vehicles stood at 23,613 units.

According to Veejay Nakra, President, Automotive Division, M&M Ltd., "We are excited to witness another record month, as we clocked our highest-ever SUV domestic sales of 37,270 in a month with a growth of 26%. We also registered an overall growth of 19% for the month of August. While demand for our key SUV brands continue to be strong, we are keeping a close watch on the availability of semi-conductors and select parts, for sustained and smooth scaleup."

Shares of Mahindra & Mahindra Limited was last trading in BSE at Rs. 1576.10 as compared to the previous close of Rs. 1583.40. The total number of shares traded during the day was 51858 in over 4102 trades.

The stock hit an intraday high of Rs. 1589.75 and intraday low of 1567.10. The net turnover during the day was Rs. 81975726.00.

Source : Equity Bulls

Keywords

MahindraandMahindra INE101A01026 SalesVolume SUVs August2023