Stock Report

Mahindra Auto sells 40102 vehicles in November 2021, Utility Vehicles register a growth of 8%

Posted On : 2021-12-01 16:50:42( TIMEZONE : IST )

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 November 2021 stood at 40102 vehicles.

In the Utility Vehicles segment, Mahindra sold 19384 vehicles in November 2021. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 19458 vehicles in November 2021. Exports for the month of November 2021 were at 3101 vehicles.

According to Veejay Nakra, Chief Executive Officer, Automotive Division, M&M Ltd., "Our growth in SUVs continues with an 8% increase in the month of November. The demand remains strong across our product portfolio of SUVs, Pickups, and Small Commercial Vehicles. Momentum in exports continues with a 90% growth. The issues around semi-conductor related parts continue to remain a challenge for the industry. We are monitoring the situation closely and taking appropriate steps."

Shares of Mahindra & Mahindra Limited was last trading in BSE at Rs. 834.95 as compared to the previous close of Rs. 835.75. The total number of shares traded during the day was 135276 in over 4901 trades.

The stock hit an intraday high of Rs. 842.90 and intraday low of 823.85. The net turnover during the day was Rs. 112739200.00.

Source : Equity Bulls


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