The share value of Mahindra & Mahindra surged by over six per cent on Monday to hit a document excessive after the corporate reported 31 per cent leap in its total gross sales in July and its all-new Scorpio-N mannequin obtained over 1 lakh orders inside half-hour of graduation of bookings.
At the BSE at round 1.48 pm, Mahindra & Mahindra shares had been buying and selling 6.37 per cent greater at Rs 1239.
Earlier, the scrip hit a document excessive of Rs 1247.60 within the intra-day, the very best degree ever.
During the month of July, Mahindra & Mahindra Ltd’s complete gross sales surged by 31 per cent to 56148 autos.
In the Utility Vehicles phase, Mahindra bought 27854 autos in July 2022. The Passenger Vehicles phase (which incorporates UVs, Cars and Vans) bought 28053 autos in July 2022.
Exports for the month had been at 2798 autos. In the Commercial Vehicles phase, Mahindra bought 20946 autos in July 2022.
“We continued our strong performance with sales of 27854 SUVs in July, registering a growth of 34 per cent fueled by robust demand for all our brands including XUV700, Thar, Bolero and XUV300,” Veejay Nakra, President, Automotive Division, M&M Ltd, stated in a press release.
“Our Commercial Vehicles also registered growth and exports were up at 32 per cent. The supply chain situation continues to remain dynamic, and we are monitoring the situation closely,” Mr Nakra stated.
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