Mahindra & Mahindra Ltd.
43.90 (1.42%) M&M posts 8% growth in total vehicle sales in February
Date: 01-03-2023Mahindra & Mahindra’s (M&M) total sales increased by 8 per cent to 58,801 units in February 2023. The company's total dispatches to its dealers stood at 54,455 units in February 2022.
The company’s passenger vehicle sales in the domestic market rose by 10 per cent to 30,358 units in February 2023 as against 27,663 in February last year. Commercial vehicle sales increased to 26,193 units last month compared to 23,978 units in the year-ago period. The company’s exports last month declined 20 per cent to 2,250 units as compared with 2,814 units in the year-ago period.
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.