Mahindra & Mahindra Ltd.

BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
3130.00
46.50 (1.51%)
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M&M reports 16% growth in February sales

Date: 01-03-2016

Mahindra & Mahindra (M&M), India’s leading SUV manufacturer, has reported its auto sales numbers which stood at 44,002 units during February 2016 as against 38,030 units during February 2015, registering a growth of 16%. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 23,718 units in February 2016 as against 18,817 units during February 2015, up by 26%.

The company's domestic sales stood at 41348 units during February 2016 as against 34,918 units during February 2015. In February 2016, the Medium and Heavy Commercial Vehicles segment sold 479 units, registering a growth of 47%. The company’s exports for February 2016 stood at 2,654 units.

Mahindra & Mahindra (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.