Mahindra Auto Sector sells 17447 vehicles in May 2021

Mahindra & Mahindra Ltd. (M&M Ltd.), part of the USD 19.4 billion Mahindra Group, today announced that its overall auto sales (passenger vehicles+ commercial vehicles+ exports) for the month of May 2021 stood at 17447 vehicles.

In the Utility Vehicles segment, Mahindra sold 7748 vehicles in May 2021. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 8004 vehicles in May 2021.

According to Veejay Nakra, Chief Executive Officer, Automotive Division, M&M Ltd., "We are seeing a strong growth momentum for our entire product portfolio. The Thar is clocking robust bookings, despite extended waiting periods. XUV300 has been a tremendous success and continues to see strong demand. Our power brands (Scorpio and Bolero) continue to do well. With the cases coming down and gradual opening up of markets, we foresee strong demand rebound. We are working closely with our supplier partners to manage supply chain issues and meet the market demand."

Shares of MAHINDRA & MAHINDRA LTD. was last trading in BSE at Rs.807.9 as compared to the previous close of Rs. 846.2. The total number of shares traded during the day was 871183 in over 27999 trades.

The stock hit an intraday high of Rs. 829.5 and intraday low of 790. The net turnover during the day was Rs. 699480075.

Source : Equity Bulls

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