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M&M reports 56% rise in domestic passenger vehicle sales

02 Dec 2022 Evaluate

Mahindra & Mahindra (M&M) has reported a 56 per cent rise in domestic passenger vehicles sales at 30,392 units in November 2022. The company had sold 19,458 units in the same month last year. Utility vehicle sales were at 30,238 units as against 19,384 units in the year-ago month, up 56 per cent. Sales of cars and vans were higher at 154 units as compared to 74 units in the same month last year.

Total commercial vehicle sales were at 19,591 units last month. Total tractor sales grew 10 per cent at 30,528 units as against 27,681 units in the year-ago month. Domestic tractor sales were at 29,180 units as compared to 26,094 units in November last year, a growth of 12 per cent.

M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.

Mahindra & Mahindra Share Price

3279.00 -50.50 (-1.52%)
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