The auto major's total sales stood at 68,614 units in April 2024, registering a growth of 13.44% on YoY basis.
On the other hand, exports for the period under review rose 2.43% YoY to 1,857 units.
The Mahindra Group is one of the largest multinational federation of companies. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate.
The auto major's standalone net profit surged 60.59% to Rs 2,453.98 crore in Q3 FY24 as against Rs 1,528.06 crore recorded in Q3 FY23. Revenue from operations increased 16.7% year on year (YoY) to Rs 25,288.51 crore in the quarter ended 31 December 2023.
The scrip fell 0.56% to currently trade at Rs 2,180 on the BSE.