Mahindra & Mahindra (M&M) shares jumped 2% as investors eagerly await the company’s November auto sales data. The stock saw a rise from an opening price of ₹2,903.00 to a high of ₹2,962.00, with a 52-week high of ₹3,222.10.
In October 2024, M&M reported strong growth in both domestic and export markets. The company sold 93,142 units, marking a 20.6% year-on-year (YoY) increase. Key models such as the Thar, XUV300, and Scorpio saw impressive sales. The Thar and Thar Roxx models alone recorded 7,360 units sold, while the Scorpio’s diesel variant hit 14,444 units.
In the electric vehicle segment, M&M’s e-Alfa Mini and Treo Yaari saw steady sales, underlining the company’s commitment to expanding its EV lineup. Commercial vehicle sales also grew, with 28,812 units sold in October 2024.
Exports surged to 3,506 units, driven by high demand for models like the Bolero and Thar. With these promising figures, M&M continues to strengthen its market position, making it an attractive stock for investors ahead of the upcoming November data.
As of 10:54 am, Mahindra & Mahindra shares were trading 2.17% higher at Rs 2,961.50 on the NSE.
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