Mahindra Auto sells 35,171 SUVs, a 24% growth and total volumes of 60,188 in December 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 December 2023 stood at 60,188 vehicles, a growth of 6%, including exports.

In the Utility Vehicles segment, Mahindra sold 35,171 vehicles in the domestic market, a growth of 24% and overall, 36,349 vehicles, including exports. The domestic sales for Commercial Vehicles stood at 17,888.

According to Veejay Nakra, President, Automotive Division, M&M Ltd., "In December, we sold a total of 35,171 SUVs, a healthy growth of 24% over last year. We continued to face some supply challenges on select parts. We are working closely with our suppliers to mitigate these challenges going forward".

Shares of Mahindra & Mahindra Limited was last trading in BSE at Rs. 1703.60 as compared to the previous close of Rs. 1726.15. The total number of shares traded during the day was 44017 in over 2839 trades.

The stock hit an intraday high of Rs. 1728.00 and intraday low of 1698.80. The net turnover during the day was Rs. 75141684.00.

Source : Equity Bulls

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MahindraandMahindra INE101A01026 AutoSales SalesVolume December2023