Mahindra & Mahindra Reports 15% YoY Growth in January Vehicle Sales

1 Feb 2024 , 02:36 PM

Mahindra & Mahindra Ltd reported a 15% YoY growth in total vehicle sales, reaching 73,944 units in January. At the time of writing the stock was trading at ₹1650.35 which is a 0.70% dip than previous close.  

Utility vehicle sales experienced significant growth, standing at 43,068 units, a 31% YoY increase from 32,915 units sold in January last year. Domestic commercial vehicle sales for the month reached 23,481 units, marking an 8% growth compared to 21,724 units in January 2023.

Three-wheeler domestic sales, inclusive of electric three-wheelers, declined by 14% to 5,649 units, down from 6,562 units in the year-ago period.

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