M&M rides high on posting 31% growth in total vehicle sales in March

Mahindra & Mahindra Ltd. | Automobiles - Passenger Cars | Automobiles | BSE: 500520 | NSE: M&M

03 Apr 2023 Evaluate

Mahindra & Mahindra is currently trading at Rs. 1167.95, up by 9.40 points or 0.81% from its previous closing of Rs. 1158.55 on the BSE.

The scrip opened at Rs. 1162.00 and has touched a high and low of Rs. 1179.85 and Rs. 1156.00 respectively. So far 33195 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1396.00 on 16-Feb-2023 and a 52 week low of Rs. 808.45 on 01-Apr-2022.

Last one week high and low of the scrip stood at Rs. 1179.85 and Rs. 1124.00 respectively. The current market cap of the company is Rs. 144958.16 crore.

The promoters holding in the company stood at 19.39%, while Institutions and Non-Institutions held 66.96% and 13.65% respectively.

Mahindra & Mahindra’s (M&M) auto sales for the month of March 2023 stood at 35,976 vehicles, its highest ever, with a growth of 31%. The company also clocked the highest ever annual sales of its SUVs at 356,961 units, with a growth of 60%. In the Passenger Vehicle segment (which includes UVs, Cars and Vans), the company sold 35,997 units (growth of 30%) in March 2023 and recorded an annual sale of 359,253 vehicles (growth of 59%).

The Commercial Vehicle segment recorded a sale of 22,282 vehicles in March 2023 (growth of 12%) and annual sale of 248,576 vehicles (growth of 40%). The LCV (2 - 3.5T) segment recorded its highest ever annual sales of 198,121 units in F23. Mahindra Truck and Bus Division (LCV > 3.5T + MHCV), also registered good performance with 1,469 units in March 2023 (growth of 77%) and annual sale of 10,036 units (growth of 56%). Exports for the month were at 2,115 vehicles, and the company sold 5,697 units of 3-wheelers in March 2023.

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

3248.30 -81.20 (-2.44%)

11-May-2026 12:08 View Price Chart

Peers

Company Name	CMP
Tata MotorsPassenger	348.45
Maruti Suzuki	13581.90
Mahindra & Mahindra	3248.30
Hyundai Motor India	1889.75
Mercury Metals	30.49
View more..

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