Mahindra & Mahindra’s share price hit a record high on Monday with a gain of over six per cent after the company reported a 31 per cent jump in its overall sales in July and its all-new Scorpio-N model within 30 days. Got more than one lakh orders. Minutes of booking start.
Mahindra & Mahindra shares were trading at Rs 1239 with a gain of 6.37 per cent at around 1.48 pm on BSE.
Earlier, the stock hit a record high of Rs 1247.60 in intra-day, an all-time high.
Mahindra & Mahindra Ltd.’s total sales grew by 31 percent to 56148 vehicles during the month of July.
In the utility vehicle segment, Mahindra sold 27854 vehicles in July 2022. The passenger vehicle segment (which includes UVs, cars and vans) sold 2,8053 vehicles in July 2022.
Exports for the month stood at 2798 vehicles. In the commercial vehicle segment, Mahindra sold 20946 vehicles in July 2022.
“We continued our strong performance with 27854 SUV sales in July, registering a growth of 34 per cent driven by strong demand from all our brands including XUV700, Thar, Bolero and XUV300,” said Vijay Nakra, President, Automotive Division, M&M Ltd., said in a statement.
“Our commercial vehicles also registered growth and exports grew by 32 per cent. The supply chain situation remains dynamic, and we are monitoring the situation closely,” Mr. Nakra said.
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