Mahindra Auto sells 41908 vehicles in October 2021, Utility Vehicles register a growth of 9%

Mahindra & Mahindra Ltd. (M&M Ltd.), one of India's leading automotive companies, has announced that its overall auto sales (passenger vehicles + commercial vehicles + exports) for the month of October 2021 stood at 41908 vehicles.

In the Utility Vehicles segment, Mahindra sold 20034 vehicles in October 2021. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 20130 vehicles in October 2021. Exports for the month of October 2021 were at 3174 vehicles.

According to Veejay Nakra, Chief Executive Officer, Automotive Division, M&M Ltd., "Demand for vehicles across our product portfolio remains robust. We have received an unprecedented response for XUV700 and as per our commitment, we have commenced deliveries of the petrol variant to customers. Exports remain strong with a 57% increase. The supply chain issues around semi-conductor related parts continues to be dynamic as we focus on managing the situation in the short term.

Shares of Mahindra & Mahindra Limited was last trading in BSE at Rs. 872.95 as compared to the previous close of Rs. 848.60. The total number of shares traded during the day was 30151 in over 1561 trades.

The stock hit an intraday high of Rs. 875.30 and intraday low of 855.20. The net turnover during the day was Rs. 26248024.00.

Source : Equity Bulls

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MahindraandMahindraLimited INE101A01026 SalesVolume PassengerVehicles CommercialVehicles October2021