Mahindra & Mahindra's wholesales up y-o-y by 11% in June

1 Jul 2024 , 06:01 PM

Mahindra & Mahindra announced a notable 11% year-on-year increase in wholesales for June, totaling 69,397 units. The company dispatched 62,429 units to its dealers during the same month.

Headquartered in Mumbai, Maharashtra, Mahindra & Mahindra is a leading Indian automobile manufacturer known for its diversified portfolio and strong market presence.

In the domestic market, Mahindra & Mahindra’s passenger vehicle sales surged by 23% to 40,022 units compared to June of the previous year. Export figures also showed growth, with total exports reaching 2,597 units in June, marking a 4% increase from the 2,505 units shipped in June 2023.

At the time of writing on July 1, 2024, at 2:02 pm, Mahindra & Mahindra’s stock is trading at ₹2879.85, reflecting a 0.46% gain from the previous closing price. Over the past year, Mahindra & Mahindra’s stock has risen by an impressive 96%, and it has gained 69% since the beginning of the current year.