Mahindra & Mahindra (M&M) witnessed a market cap increase of ₹11,610.49 crore, bringing its total market cap to ₹3,79,769.64 crore as of Friday’s close. The last traded share price on Friday was ₹2,974.90, reflecting a weekly gain of approximately 3.15% from Monday’s close of ₹2,883.95.
Mahindra & Mahindra reported robust vehicle sales and production figures for October 2024, showcasing substantial growth in both the domestic and export markets. The company achieved a total sales volume of 93,142 units in October 2024, marking a 20.6% year-over-year increase from 78,825 units in October 2023. Additionally, exports saw a remarkable rise, reaching 3,506 units compared to 1,854 units last year, reflecting the company’s expanding international footprint.
Key Highlights:
- Utility Vehicles (UV): The Thar and Thar Roxx diesel models recorded a production volume of 7,969 units, with sales at 7,360 units. The XUV300 series saw notable figures, with the XUV300 Diesel recording 1,521 units in production and 2,187 units in sales. The Scorpio diesel variant reached 13,240 units in production and 14,444 units in sales. The Bolero Diesel performed well, with 7,216 units produced and 9,849 units sold.
- Electric Vehicles: In the electric vehicle segment, the e-Alfa Mini recorded sales of 971 units, and the Treo Yaari sold 138 units, reflecting M&M’s focus on expanding in electric mobility.
- Commercial Vehicles: The commercial vehicle category reported a production volume of 27,234 units, with 28,812 units sold in October 2024, up from 25,715 units in the previous year.
- Export Market: Key models like the Bolero and Thar contributed to a substantial increase in exports, reaching 3,506 units compared to 1,854 units in October 2023.
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