shares of Mahindra & Mahindra (M&M’s) rose more than 3 percent during the special Muhurta Trading session on Friday after the company’s record-breaking SUV sales in October 2024. M&M achieved its highest ever domestic SUV sales, with 54,504 vehicles delivered, leading to a strong 25 percent year-on-year growth in the SUV segment. The company’s total sales volume including exports reached a record high of 96,648 units.
The company’s impressive performance reflected its growing demand suv The portfolio is inspired by the festive season interest. In October 2024, the total sales volume of M&M’s reached 96,648 units, an increase of 20 percent from 80,679 units last year. Domestic sales contributed significantly, with 64,326 units sold domestically in October 2024 – an increase of 30 percent from 49,336 units sold in October 2023.
Expressing his enthusiasm, Veejay Nakra, President, Automotive Division, M&M Limited, said, “We are excited to record the highest ever SUV sales of 54,504 vehicles in October, registering a growth of 25 per cent and record total sales of 96,648 vehicles. , a growth of 20 per cent. The month started with great momentum, with Thar ROXX receiving 1.7 lakh bookings within the first 60 minutes, and this positive trend continued across our SUV lineup throughout the festive season.
Overall, Mahindra’s performance so far has been strong. SUV sales Reached 314,714 units, showing a growth of 22 percent over the previous year, further strengthening M&M’s dominance in the Indian automotive industry, especially the SUV sector.
Additionally, M&M’s Farm Equipment Sector (FES) recorded an overall growth of 20 percent tractor sales (domestic and exports) reached 65,453 units in October 2024, compared to 50,460 units in the same period last year.
stock price trends
In line with these achievements, auto stock A rise of up to 3.3 per cent was seen intraday, peaking at 2,818. Over the past year, the stock has surged more than 87 percent, with a year-to-date gain of nearly 58 percent in 2024.
[Foundedin1945MahindraGrouphaspioneeredinutilityvehiclesandfarmequipmentandcontinuestoexpanditspresenceacrosssectorsincludingITfinancialservicesrenewableenergyandrealestate[1945मेंस्थापितमहिंद्रासमूहनेउपयोगितावाहनोंऔरकृषिउपकरणोंमेंअग्रणीस्थानबनाएरखाहैऔरआईटीवित्तीयसेवाओंनवीकरणीयऊर्जाऔररियलएस्टेटसहितविभिन्नक्षेत्रोंमेंअपनीउपस्थितिकाविस्तारजारीरखाहै।
