Mahindra & Mahindra Ltd.
43.90 (1.42%) M&M reports 61% rise in domestic passenger vehicle sales in December
Date: 02-01-2023Mahindra & Mahindra (M&M) has reported overall auto sales for the month of December 2022 were 56,677 vehicles. Total Domestic passenger vehicles sales were at 28,445 units in December as against 17,722 units in the year-ago month, up 60.51%. Utility vehicle sales were at 28,333 units as against 17,469 units in the year-ago month, up 62.19%. Sales of cars and vans were lower at 112 units as compared to 253 units in the same month last year.
Total commercial vehicle sales were at 20,080 units and 3 Wheelers sales were at 5,052 units in December. Total Exports sales were at 3,100 units in December as compare to 3,017 units, in the year-ago month, up 3%.
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.