Mahindra Auto sells 43,218 SUVs, a 31% growth and total volumes of 71,682, a 17% growth in May 2024

Mahindra & Mahindra Ltd. (M&M Ltd.), one of India's leading automotive companies, today announced that its overall auto sales for the month of May 2024 stood at 71,682 vehicles, a growth of 17%, including exports.

In the Utility Vehicles segment, Mahindra sold 43,218 vehicles in the domestic market, a growth of 31% and overall, 44,283 vehicles, including exports. The domestic sales for Commercial Vehicles stood at 19,826.

According to Veejay Nakra, President, Automotive Division, M&M Ltd., "We sold a total of 43,218 SUVs in May, a growth of 31% and 71,682 total vehicles, a 17% growth over last year. As we opened bookings on 15th May, we were delighted to receive an overwhelming response for the XUV3XO. Within the first hour of opening bookings, we hit the 50000 mark. The belief that our customers have shown on us reiterate the strong disruptive proposition of XUV3XO. We have started deliveries from 26th May."

Shares of Mahindra & Mahindra Limited was last trading in BSE at Rs. 2506.45 as compared to the previous close of Rs. 2494.70. The total number of shares traded during the day was 155575 in over 14011 trades.

The stock hit an intraday high of Rs. 2568.50 and intraday low of 2495.70. The net turnover during the day was Rs. 394176558.00.

Source : Equity Bulls

Keywords

MahindraandMahindra INE101A01026 SalesVolume May2024