Mahindra & Mahindra Ltd.

Mahindra & Mahindra (M&M) has reported a 15 per cent growth in total automotive sales at 73,944 units in January 2024, as compared to the same month a year ago. Passenger vehicles sales in January 2024 stood at 43,068 units, as against 33,040 units in January 2023, up 30 per cent.

Sales of utility vehicles also grew by 31 per cent at 43,068 units in January 2024, as against 32,915 units in the corresponding month a year ago. On the commercial vehicle front, the company sold 23,481 units in India in January, compared to 21,724 units in the year-ago period. However, total automotive exports were down 42 per cent at 1,746 units last month, as compared to 3,009 units in January 2023.

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.