Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. India
  4. NSE India Stock Exchange
  5. Mahindra and Mahindra Ltd
  6. News
  7. Summary
    M&M   INE101A01026

MAHINDRA AND MAHINDRA LTD

(M&M)
  Report
Delayed NSE India Stock Exchange  -  06:23 2022-11-25 am EST
1260.80 INR   +0.54%
11/23INDIA STOCKS-Indian shares seen opening higher as Fed hints at rate slowdown
RE
11/21Public Sector Banks Withstand Weakness in Indian Equities; Oil & Natural Gas Drops 6%
MT
11/18Weakness in Auto and Pharma Stocks Weigh on Indian Equities; Mahindra & Mahindra Tops Losers
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Mahindra sells highest ever monthly volume of 64,486 vehicles, registers a growth of 129%; Takes No. 1 position in SUV Market with 34,262 UV sales in September 2022

10/04/2022 | 10:57am EST

Mumbai - Mahindra & Mahindra Ltd. (M&M Ltd.), one of India's leading automotive companies, today announced its overall auto sales for the month of September 2022. Mahindra's Utility Vehicles segment recorded its highest monthly sales of 34,262 SUVs, growing 166% over last year to become the No. 1 UV player in the industry.

- Highest ever monthly sales volume of 64,486 vehicles with 129% growth and highest ever quarter sales of 1,79,673 vehicles in Q2F22 with 77% growth over last year.

- No. 1 position in SUVs with highest ever SUV sales of 34,262 vehicles, growing by 166% vs September '21

- Highest ever monthly electric 3W sales of 4,071 vehicles, growing by 170% vs September '21

Overall, the automotive business recorded its highest overall monthly sales of 64,486 vehicles with a growth of 129% and highest ever quarterly sales of 1,79,673 vehicles with a growth of 77% over last year.

Exports for the month were at 2,538 vehicles. In the Commercial Vehicles segment, Mahindra sold 21,666 vehicles in August 2022.

According to Veejay Nakra, President, Automotive Division, M&M Ltd., 'September was a very exciting month with a strong start to the festive season. We continue to see very strong demand and performance across our portfolio of products, from SUVs, LCV's less than 3.5 tons, and our Last Mile Mobility brands. We are delighted that our SUVs have registered the highest ever sales of 34,262 vehicles as well as highest ever overall volumes of 64,486 vehicles for the month of September.'

Passenger Vehicles Sales Summary (Domestic) - September 2022

Category	September	YTD September
	F23	F22	% Change	F23	F22	% Change
Utility Vehicles	34,262	12,863	166%	1,67,052	92,016	82%
Cars + Vans	246	271	-9%	1,671	1,339	25%
Passenger Vehicles	34,508	13,134	163%	1,68,723	93,355	81%

*Above Domestic Sales Includes sales made in subsidiary company Mahindra Electric Mobility Ltd

Commercial Vehicles and 3 Wheelers Sales Summary (Domestic) - September 2022

Category	September	YTD September
	F23	F22	% Change	F23	F22	% Change
LCV  3.5T + MHCV	801	684	17%	4,208	2,492	69%
3 Wheelers (including electric 3Ws)	5,774	2,981	94%	25,580	10,785	137%

Exports - September 2022

Category	September	YTD September
	F23	F22	% Change	F23	F22	% Change
Total Exports	2,538	2,529	0%	15,756	14,379	10%

See release at: https://www.mahindra.com/news-room/press-release/mahindra-sells-highest-ever-monthly-volume-of-64486-vehicles-registers-a-growth-of-129-percent

About Mahindra

Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 260,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world's largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate.

The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise

Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise/ For updates subscribe to https://www.mahindra.com/news-room

Media contact information

Pramuch Goel

VP & Head - Group Communications

Mahindra Group

Email - goel.pramuch@mahindra.com

(C) 2022 Electronic News Publishing, source ENP Newswire

All news about MAHINDRA AND MAHINDRA LTD
11/23INDIA STOCKS-Indian shares seen opening higher as Fed hints at rate slowdown
RE
11/21Public Sector Banks Withstand Weakness in Indian Equities; Oil & Natural Gas Drops 6%
MT
11/18Weakness in Auto and Pharma Stocks Weigh on Indian Equities; Mahindra & Mahindra Tops L..
MT
11/17India Equities Weighed Down by Weakness in Auto and Power Stocks; Titan Slides 2%
MT
11/15Nomura Adjusts Mahindra and Mahindra's Price Target to 1,616 Indian Rupees From 1,505 R..
MT
11/14M&M Q2 PAT at Rs2,090 crore up 46%; Q2 Consolidated PAT at Rs2,773 crore up 44%
AQ
11/11Mahindra & Mahindra's Second-Quarter Profit Rose 44%
DJ
11/11Transcript : Mahindra & Mahindra Limited, Q2 2023 Earnings Call, Nov 11, 2022
CI
11/11India's Mahindra and Mahindra reports Q2 profit jump
RE
11/11Mahindra & Mahindra Limited Reports Earnings Results for the Second Quarter and Six Mon..
CI
More news
Analyst Recommendations on MAHINDRA AND MAHINDRA LTD
More recommendations
Financials
Sales 2023 802 B 9 807 M 9 807 M
Net income 2023 67 285 M 823 M 823 M
Net cash 2023 67 977 M 832 M 832 M
P/E ratio 2023 22,3x
Yield 2023 1,04%
Capitalization 1 402 B 17 153 M 17 153 M
EV / Sales 2023 1,66x
EV / Sales 2024 1,42x
Nbr of Employees 260 000
Free-Float 72,0%
Chart MAHINDRA AND MAHINDRA LTD
Duration : Period :
Mahindra and Mahindra Ltd Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MAHINDRA AND MAHINDRA LTD
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Mean consensus -
Number of Analysts 0
Last Close Price 1 260,80
Average target price
Spread / Average Target -
EPS Revisions
Managers and Directors
Anish Dilip Shah Chief Executive Officer, MD & Director
Manoj Bhat President & Group Chief Financial Officer
Anand Gopal Mahindra Executive Chairman
Mohit Kapoor Group Chief Technology Officer & Executive VP
Rucha Nanavati Chief Information Officer
Sector and Competitors
1st jan.Capi. (M$)
MAHINDRA AND MAHINDRA LTD50.61%17 153
TOYOTA MOTOR CORPORATION-2.42%201 353
VOLKSWAGEN AG-23.06%85 448
MERCEDES-BENZ GROUP AG-7.72%69 383
GENERAL MOTORS COMPANY-30.99%57 481
FORD MOTOR COMPANY-32.45%56 609