February 29, 2024

As for its three-wheeler enterprise, Mahindra bought 5,307 models as in comparison with 5,052 models, marking a rise of 5 p.c

Shares of vehicle main Mahindra and Mahindra tumbled virtually 2 p.c to Rs 1,701 in afternoon commerce after the corporate reported a marginal 6 p.c improve in December gross sales, promoting 60,188 models.

Within the Utility Automobiles phase, Mahindra bought 35,171 autos within the home market, a progress of 24 p.c. The home gross sales for business autos stood at 17,888.

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At 1:34 pm, the counter was buying and selling at Rs 1,704, down 1.5 p.c from the earlier shut on the NSE.

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In keeping with Veejay Nakra, President of, the Automotive Division, M&M Ltd., “In December (2023), we bought a complete of 35,171 SUVs, a wholesome progress of 24 p.c over final yr. We continued to face some provide challenges on choose components. We’re working intently with our suppliers to mitigate these challenges going ahead”.

When it comes to exports, Mahindra dispatched a complete of 1,819 models in December 2023 compared to 3,100 models throughout the identical interval final yr. This resulted in a 41 p.c YoY decline.

As for its three-wheeler enterprise, Mahindra bought 5,307 models as in comparison with 5,052 models, marking a rise of 5 p.c. Within the electrical three-wheeler enterprise, Mahindra leads with highest market share adopted by Bajaj Auto.

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