Mahindra Auto Sector sells 32964 vehicles in June 2021

Mahindra & Mahindra Ltd. (M&M Ltd.), one of India's leading automotive companies, today announced that its overall auto sales (passenger vehicles + commercial vehicles + exports) for the month of June 2021 stood at 32964 vehicles.

In the Utility Vehicles segment, Mahindra sold 16636 vehicles in June 2021. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 16913 vehicles in June 2021. Exports for the month of June 2021 were at 2607 vehicles.

According to Veejay Nakra, Chief Executive Officer, Automotive Division, M&M Ltd., "With the opening up of the market in a phased manner, we are seeing a boost in demand in both urban and rural and we expect the upward trend in demand to continue across all segments and markets. As we come out of the second wave of the pandemic, by and large our supply chain has stabilized except for the global semiconductor issue, which still continues to be a challenge that we are addressing as top priority".

Shares of MAHINDRA & MAHINDRA LTD. was last trading in BSE at Rs.778.35 as compared to the previous close of Rs. 781.75. The total number of shares traded during the day was 87040 in over 4304 trades.

The stock hit an intraday high of Rs. 789.1 and intraday low of 775.4. The net turnover during the day was Rs. 68223956.

Source : Equity Bulls

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