Mahindra & Mahindra Ltd.

BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
3144.10
14.95 (0.48%)
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M&M registers growth of 12.37% in small commercial vehicles segment in FY22

Date: 02-05-2022

Mahindra & Mahindra (M&M) has sold 1,70,682 units of Small Commercial Vehicles in FY22 as compared to 1,51,889 units in FY21. The company registered a growth of 12.37% and maintained its leadership with a 40.3% market share in the Small Commercial Vehicle segment.

The SCV segment forms the backbone of the transport and logistics sector, offering the crucial last mile delivery of goods. The Mahindra SCV portfolio has the widest range of products from 0.7 ton to 1.7 ton payload offered in diesel, gasoline and CNG fuel options in select brands that address the diverse needs of its varied customers including the delivery of agri products, dairy, consumer goods, construction material, logistics, fisheries and cash vans to name a few.

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.