Mahindra Auto sells 39,981 SUVs, a 32% growth and total volumes of 70,576 with 21% growth in November 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 November 2023 stood at 70,576 vehicles, a growth of 21%, including exports.

In the Utility Vehicles segment, Mahindra sold 39,981 vehicles in the domestic market, a growth of 32% and overall, 40,764 vehicles, including exports. The domestic sales for Commercial Vehicles stood at 22,211.

According to Veejay Nakra, President, Automotive Division, M&M Ltd., "We continue our growth trend, backed by strong demand for our SUV portfolio. In November, we sold a total of 39,981 units, a growth of 32%. While we saw a healthy festive season, we faced supply challenges on select parts during the month. We are keeping a close watch and taking appropriate steps to mitigate the challenges".

Shares of Mahindra & Mahindra Limited was last trading in BSE at Rs. 1647.60 as compared to the previous close of Rs. 1618.90. The total number of shares traded during the day was 74770 in over 3878 trades.

The stock hit an intraday high of Rs. 1660.00 and intraday low of 1615.55. The net turnover during the day was Rs. 122939822.00.

Source : Equity Bulls

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MahindraandMahindra INE101A01026 SalesVolume Auto UtilityVehicles November2023