M&M rides high on posting 31% growth in total vehicle sales in March!
The shares of the company gained more than 40% in the last one year.
Auto Sales for March 2023
Mahindra & Mahindra’s (M&M) auto sales for March 2023 stood at 35,976 vehicles, its highest ever, with a growth of 31%. The company also clocked the highest-ever annual sales of its SUVs at 356,961 units, with a growth of 60%. In the Passenger Vehicle segment, the company sold 35,997 units (a growth of 30%) in March 2023 and recorded an annual sale of 359,253 vehicles (a growth of 59%).
The Commercial Vehicle segment recorded a sale of 22,282 vehicles in March 2023 (growth of 12%) and an annual sale of 248,576 vehicles (growth of 40%). The LCV segment recorded its highest-ever annual sales of 198,121 units in F23. Mahindra Truck and Bus Division also registered good performance with 1,469 units in March 2023 (growth of 77%) and an annual sale of 10,036 units (growth of 56%). Exports for the month were at 2,115 vehicles, and the company sold 5,697 units of 3-wheelers in March 2023.
Share price movement of Mahindra & Mahindra Limited
Today, the stock opened at Rs 1162.00, with a high and low of Rs 1179.85 and Rs 1156. The stock previously closed at Rs 1158.55. The stock closed trading today at Rs 1172.25, up by 1.18%.
The stock has a 52-week high of Rs 1396 and a 52-week low of Rs 808.45. The company has a market capitalisation of Rs 1,45,772 crore.
M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in automobile manufacturing. It is one of the leading auto companies in India.
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