M&Ms total production climbs 83% YoY in August22

9 Sep 2022 , 12:10 PM

The automobile majors total sales zoomed 104.84% to 56,137 units in August 2022 as against 27,405 units sold in August 2021. Meanwhile, exports for the period under review stood at 2,912 units (down 8.43% YoY). M&M Group enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India. It is the worlds largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate. The company reported 66.9% rise in standalone net profit to Rs 1,430 crore on a 66.7% jump in revenue to Rs 19,613 crore in Q1 FY23 over Q1 FY22. Shares of Mahindra & Mahindra were down 1.01% to Rs 1,307.85 on the BSE. Powered by Capital Market – Live News