Monthly Update12 Sept 2024, 08:17 pm
Mahindra & Mahindra's August 2024 Production and Sales Report: A 25% Increase in Total Sales
AI Summary
Mahindra & Mahindra Ltd. has released its production, sales, and export figures for August 2024. The company has reported a 25% increase in total sales compared to August 2023. Key highlights include a significant rise in utility vehicle sales, the introduction of electric vehicles, and a considerable increase in e-rickshaw and e-cart sales.
Key Highlights
- Utility vehicle sales increased by 20% in August 2024 compared to August 2023.
- Mahindra Last Mile Mobility Limited, a subsidiary company, contributed significantly to e-rickshaw, e-cart, and 3W-Goods sales.
- The company introduced electric versions of the KUV100 and XUV300 in August 2024.
- E-rickshaw and e-cart sales increased by 113% and 109% respectively in August 2024 compared to August 2023.
- Total sales increased by 25% in August 2024 compared to August 2023.