The auto major's total sales stood at 66,800 units in May 2024, registering a growth of 11.47% on YoY basis.
Exports for the period under review grew by 3.67% YoY to 2,597 units.
Meanwhile, the company also reduced its stake in Switzerland's Gamaya from 15.04% to 4.33% due to a shareholding reorganisation.
The Mahindra Group enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India. It is the world's largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate.
M&M's standalone net profit jumped 31.58% to Rs 2,038.21 crore on 11.24% increase in revenue from operations to Rs 25,108.97 crore in Q4 FY24 over Q4 FY23.
The scrip fell 0.04% to currently trade at Rs 2,697.30 on the BSE.