M-;M posts sales of 39,157 units in December 2021, overall growth at 11%

3 Jan 2022 , 12:14 PM

Mahindra & Mahindra (M&M) announced that its overall auto sales for December 2021 stood at 39157 vehicles.

In the Utility Vehicles segment, Mahindra sold 17469 vehicles in December 2021.

The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 17722 vehicles in December 2021.

Exports for December 2021 were at 3017 vehicles.

Veejay Nakra, Chief Executive Officer, Automotive Division, M&M Ltd., “We are glad to report overall growth of 11% in December 2021. We have seen growth in business segments including Passenger Vehicles, Commercial Vehicles and International Operations, owing to continued strong demand across the product portfolio. The issues around semi-conductor related parts continue to be a challenge for the industry and remains a major focus area for us”

In the Commercial Vehicles segment, Mahindra sold 15938 vehicles in December 2021 with a growth of 14%. All the Light Commercial Vehicle Segments of <2T, Pickups (2T to 3.5T), >3.5T and the heavy commercial vehicles registered growth in December 2021.

At around 12.12 pm, M&M was trading at Rs831.60 per piece down by 0.7% on Sensex. The stock has touched an intraday high and low of Rs843.50 per piece and Rs826.40 per piece.