M&M shares rally 5% as co records highest ever SUV sales, grows by 25% YoY
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Shares of Mahindra & Mahindra (M&M) surged by 5.4% to an intraday high of Rs 2,968.35 on the BSE after the company announced that it has recorded a 25% YoY growth in its SUV sales at 54,504 vehicles, its highest ever monthly number. “In the Utility Vehicles segment, Mahindra sold 54504 vehicles in the domestic market, a growth of 25% and overall, 55571 vehicles, including exports. The domestic sales for Commercial Vehicles stood at 28812,” the company informed in an exchange filing. The 3.5T + MHCV witnessed a fall of 9% and 5% YoY respectively. Meanwhile, the LCV 2 T – 3.5 T and the 3 wheeler segment saw a surge of 17% and 5% YoY respectively. “We are excited to have clocked the highest-ever SUV sales of 54504 vehicles in October, a growth of 25% and highest ever total volume of 96648, a growth of 20%. The month began on a fantastic note with Thar ROXX garnering 1.7lakh bookings in the first 60 mins and the positive momentum con...