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Data● Neutral for Mahindra & Mahindra
M&M September vehicle sales rise 15% to 1,14,874; SML Mahindra sales climb 18%
The brief
- M&M sold 1,14,874 vehicles, up 15% year on year, including 64,000 SUVs
- SML Mahindra sales rose 18% to 1,124 units, while its stock fell 4%
- The sales update informs outlooks for M&M and SML Mahindra investors
September vehicle sales and auto stocks
Indian automakers reported higher September sales, with Mahindra & Mahindra selling 1,14,874 vehicles, up 15% year on year, and Bajaj Auto selling 5,38,443 units, up 5%. Despite higher sales at several companies, the Nifty Auto fell 3% to 25,507 as shares including Bajaj Auto declined.
Thursday, 1 October
- M&M September vehicle sales rise 15% to 1,14,874; SML Mahindra sales climb 18%