Mahindra & Mahindra Ltd.

Mahindra & Mahindra (M&M) has reported a 60 per cent rise in domestic passenger vehicle sales at 32,298 units in October 2022. The company had sold 20,130 units in the same month last year.

Utility vehicle sales were at 32,226 units, as against 20,034 units in the year-ago month, a growth of 61 per cent. However, car and van sales were down 25 per cent at 72 units, from 96 units in October 2021.

Exports for the month were at 2,755 vehicles. In the Commercial Vehicles segment, Mahindra sold 20,980 vehicles in October 2022.

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.