Mahindra and Mahindra shares surge 2% on September Sales

1 Oct 2024 , 01:09 PM

Mahindra & Mahindra (M&M) shares rose 2% in trading session today to a day’s high of Rs 3,144.60 on the BSE, after the firm announced a 16% increase in auto sales in September and a 24% increase in SUV sales.

“Mahindra & Mahindra Ltd. (M&M Ltd.), one of India’s largest automotive businesses, reported today that its total auto sales for September 2024 were 87839 units, including exports. Mahindra sold 51062 Utility Vehicles in the domestic market, representing a 24% increase, for a total of 52,590 vehicles including exports. Domestic commercial vehicle sales totalled 23,706, according to the company’s report with the exchanges.

For the month of September 2024, the corporation sold 51,062 units, compared to 41,267 in September 2033. On a year-to-date basis, sales increased by 21% to 2,60,210 units.

In September of FY 25, the company’s overall exports increased by 25% year on year to 3,027 units, up from 2,419 units the previous year.

Meanwhile, Mahindra’s farm equipment industry sold 43,201 units in India in September 2024, compared to 42,034 units in September 2023.

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