In recent good news to the domestic automotive sector, India’s automotive major, Mahindra & Mahindra, has upped its wholesale dispatch level for June 2024. The movement in the company’s total wholesales significantly rose to 11% in the year to 69,397 units, compared to 62,429 units in the same period last year.
An upswing in passenger vehicle sales in the domestic markets and a better product mix have helped the Mumbai-based automaker post 23% growth in its sales last month at 40,022 units compared to 32,588 units in June 2023. This favorable performance has perhaps resulted from the good product mix that the company has adopted to suit the changing lifestyles of the Indian market.
Moreover, not satisfactorily, Mahindra & Mahindra’s export figure also recorded a rise of 4% to 2 597 units last month compared to 2 505 units in a similar period of the last financial year. This expansion in overseas markets demonstrates an increase in the international community’s awareness of the company’s products.
Mahindra & Mahindra’s weakest-performing stock rose to 0. 2% higher at ₹2,873. 5 The business partners share 85:85 on the Bombay Stock Exchange (BSE), which shows that the market believes in the firm’s good performance.
With the rapid change of market conditions in the Indian automotive industry, Mahindra & Mahindra’s impressive sales prove its readiness to address the changing trends of consumers in the domestic and global markets.
