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Mahindra & Mahindra (M&M) has reported a 15.92% rise
in its overall auto sales (including exports) at 69768 units for the month of
December 2024 as compared to 60,188 units in the same month last year. Of the
total, the company has posted an 18% increase in domestic passenger vehicle sales
at 41,424 units in December 2024, as compared to 35,174 units of passenger
vehicles in December 2023.
Domestic sales of three-wheelers, including electric 3Ws,
were at 5,750 units in December 2024, as compared to 5,307 units in December
2023, a growth of 8%. The domestic sales for commercial vehicles (LCV 2 T-3.5
T) stood at 16,139 vehicles. Sales of commercial vehicles (LCV > 3.5T +
MHCV) stood at 954 units. The exports of the company increased 70% to 3,092
units in December 2024 as compared to 1,819 units in December 2023.
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 of India.
Source: Ace Equity
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