December 1, 2022

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M&M sells 39,157 automobile units in December’21

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Mahindra & Mahindra’s total car profits for the month of December 2021 stood at 39,157 vehicles, up by 11% from 35,187 vehicles sold in December 2020.

The passenger cars section (which involves UVs, Autos and Vans) bought 17,722 autos in December 2021.
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In the professional cars phase, Mahindra sold 15,938 autos in December 2021 with growth of 14%.

Exports for the thirty day period of December 2021 were being at 3,017 cars.

Veejay Nakra, main executive officer, Automotive Division, M&M, mentioned, We are happy to report an overall growth of 11% in December 2021. We have witnessed expansion in business enterprise segments including passenger cars, professional autos and international functions, owing to ongoing potent demand from customers across the merchandise portfolio. The difficulties all-around semi-conductor linked elements continue on to be a obstacle for the market and continues to be a major concentration location for us.

M&M’s Farm Devices Sector (FES) offered at 18,269 tractors in December 2021, down by 19% as in contrast with 22,417 tractors marketed in December 2020.

Though domestic tractor income fell by 21% to 16,687 units, exports elevated by 27% to 1,582 models in December 2021 above December 2020.

Hemant Sikka, president – Farm Devices Sector, Mahindra & Mahindra, explained, De progress in December has been on account of a mix of factors, including superior base of past yr and both delayed and incredibly heavy rainfall in some geographies.

We hope momentum to get better in the coming months on account of very good development of Kharif procurement bringing liquidity in the palms of farmers and Rabi acreage showing indicators of development over last calendar year.

M&M Team enjoys a leadership posture in farm devices, utility autos, facts technologies and money providers in India. It is the world’s most significant tractor enterprise by volume. It has a strong existence in renewable electrical power, agriculture, logistics, hospitality and genuine estate.

On a consolidated basis, the M&M Group’s internet earnings before outstanding objects rose 43% 12 months-on-12 months to Rs 1,975 crore in Q2 September 2021. The Group’s net financial gain following modifying for excellent merchandise surged 214% YoY to Rs 1,929 crore in Q2 September 2021. Earnings rose 12% to Rs 21,470 crore all through the period beneath evaluation.

The scrip extra .87% to conclusion at Rs 837.30 on the BSE on Friday.

Run by Cash Market place – Reside News

(This story has not been edited by Company Typical staff members and is auto-generated from a syndicated feed.)

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