Mahindra & Mahindra's Record-Breaking Sales Surge in October

Mahindra & Mahindra reported its highest-ever monthly sales in October, totaling 96,648 units, a 20% increase from the previous year. The company's utility vehicle sales grew by 25%, reaching 54,504 units. The Farm Equipment Sector also achieved record sales, fueled by favorable agricultural factors.

In an impressive feat, Mahindra & Mahindra recorded its highest-ever monthly sales in October with a total of 96,648 units, marking a significant 20% increase from last year. This growth was driven by outstanding performance in both utility vehicles and farm equipment sectors.

The Mumbai-based auto giant reported a 25% rise in domestic utility vehicle sales, achieving 54,504 units compared to 43,708 units the previous year. M&M's President of the Automotive Division, Veejay Nakra, highlighted the momentum generated by the festive season, with landmark booking numbers for the Thar ROXX.

In parallel, M&M's Farm Equipment Sector witnessed record domestic sales of 64,326 tractors. Hemant Sikka, President of FES, attributed this growth to a favorable monsoon and government support for key Rabi crops. The company remains optimistic about sustained demand in the months ahead.

(With inputs from agencies.)