Mahindra Auto sells highest ever SUVs at 41,267 vehicles, a 20% growth, and overall, 75,604 vehicles in September 2023

Mahindra & Mahindra Ltd. (M&M Ltd.), one of India's leading automotive companies, today announced that its overall auto sales for the month of September 2023 stood at 75,604 vehicles, a growth of 17%, including exports.

In the Utility Vehicles segment, Mahindra recorded the highest sales for the third consecutive month. In September, the company sold 41,267 vehicles in the domestic market, and overall, 42,260 vehicles, including exports. The domestic sales for Commercial Vehicles stood at 23,997 units.

According to Veejay Nakra, President, Automotive Division, M&M Ltd., "We are excited to achieve our highest ever sale of SUVs for the third consecutive month. This month we saw a growth of 20% with 41,267 vehicles. We also registered an overall growth of 17%. In September, we also crossed the 1 lakh unit mark for our Bolero Maxx Pik Up trucks, making it the fastest selling pick up in the country to reach that mark. While demand for our key SUV brands continue to be strong, we are keeping a close watch on the availability of semi-conductors and select components to meet the strong festive season demand".

Shares of Mahindra & Mahindra Limited was last trading in BSE at Rs. 1553.65 as compared to the previous close of Rs. 1556.70. The total number of shares traded during the day was 68185 in over 4672 trades.

The stock hit an intraday high of Rs. 1575.05 and intraday low of 1550.45. The net turnover during the day was Rs. 106241996.00.

Source : Equity Bulls

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MahindraandMahindra INE101A01026 SalesVolume September2023 AUto