Mahindra Auto sells 39157 vehicles in December 2021 registering a double-digit growth of 11%

Mahindra & Mahindra Ltd. (M&M Ltd.), one of India's leading automotive companies, today announced that its overall auto sales for the month of December 2021 stood at 39157 vehicles.

In the Utility Vehicles segment, Mahindra sold 17469 vehicles in December 2021. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 17722 vehicles in December 2021. Exports for the month of December 2021 were at 3017 vehicles.

In the Commercial Vehicles segment, Mahindra sold 15938 vehicles in December 2021 with growth of 14%. All the Light Commercial Vehicle Segments of <2T, Pickups (2T to 3.5T), >3.5T and the heavy commercial vehicles registered growth in December 2021.

According to Veejay Nakra, Chief Executive Officer, Automotive Division, M&M Ltd., "We are glad to report an overall growth of 11% in December 2021. We have seen growth in business segments including Passenger Vehicles, Commercial Vehicles and International Operations, owing to continued strong demand across the product portfolio. The issues around semi-conductor related parts continue to be a challenge for the industry and remains a major focus area for us".

Shares of Mahindra & Mahindra Limited was last trading in BSE at Rs. 837.30 as compared to the previous close of Rs. 830.10. The total number of shares traded during the day was 60849 in over 3036 trades.

The stock hit an intraday high of Rs. 844.85 and intraday low of 830.10. The net turnover during the day was Rs. 51124466.00.

Source : Equity Bulls

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