Mahindra & Mahindra Slips as November Sales Update Shows Strong Growth Across Segments

M&M shares dipped slightly despite strong November sales, new EV launches and solid Q2 performance, with SUVs and commercial vehicles driving healthy year-on-year growth.

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2 days ago

Mahindra & Mahindra Slips as November Sales Update Shows Strong Growth Across Segments

Mahindra & Mahindra Slips as November Sales Update Shows Strong Growth Across Segments
Mahindra & Mahindra shares edged nearly 1% lower to ₹3,730 on Monday despite reporting a strong November business update. The automaker recorded total sales of 92,670 units, up 19% year on-year, driven by robust demand for utility vehicles and commercial models. SUV sales surged 22% to 56,336 units domestically, while commercial vehicle sales climbed 17% to 24,843 units. Exports rose 5% to 2,923 units.