Mahindra & Mahindra announced its production, sales and export figures for month of December 2024 as under: Dec-24Dec-23% change Production            53,361            44,495 20%Sales            66,676            58,369 14%Exports              3,092              1,819 70%Powered by Capital Market - Live News

Mahindra & Mahindra recorded total tractor sales of 22,943 units in month of December 2024 compared to 19,138 units in December 2023, recording a growth of 20%. The company sold 22,019 tractors in domestic market and exports stood at 924 tractors. Commenting on the performance, Hemant Sikka, President � Farm Equipment Sector, Mahindra & Mahindra said �We have sold 22019 tractors in the domestic market during December 2024, a growth of 22% over last year. Sentiments have remained positive in December on account of positive cash flow momentum from Kharif harvest. Additionally, favourable reservoir levels have resulted in strong sowing for the rabi season, further bolstering demand for tractors. Looking ahead, the tractor industry is poised for significant growth, underpinned by positive agricultural sentiments and favourable terms of trade for farmers. In the exports market, we have sold 924 tractors.�Powered by Capital Market - Live News

Mahindra & Mahindra announced that total sales rose 16% to 69,768 units in month of December 2024 compared to 60,188 units in December 2023. Total sales include domestic sales of 66,676 units (higher by 14%) and exports of 3,092 units (higher by 70%) in December 2024. The company recorded 18% growth in passenger vehicle sales at 41,424 units while commercial vehicle sales rose 9% to 25,252 units. According to Veejay Nakra, President, Automotive Division, M&M, �We sold 41424 SUVs, a growth of 18% and 69768 total vehicles, a growth of 16% in December. The year ended on a high, as we became the only Indian auto company to attain the Dow Jones Sustainability Index (DJSI) world leader status within the Auto Sector. The DJSI ranking is one of the most respected global benchmarks for ESG performance, covering over 13,000 companies across various industries and we are ranked 1st among all global auto OEMs.�Powered by Capital Market - Live News

Mahindra & Mahindra announced the incorporation of Velos Hybren on 09 December 2024 as a wholly owned subsidiary of Mahindra Susten (a subsidiary of Mahindra Holdings, which is a wholly owned subsidiary of Mahindra & Mahindra). Velos Hybren has been incorporated for production and sale of Power and Generating Electricity, Independent Power Producer (IPP), Distributed Energy including rooftop solar installation for commercial, industrial, institutional and residential segment, through various renewable energy sources and energy storage systems etc. Powered by Capital Market - Live News

Mahindra & Mahindra`s s Farm Equipment Sector sold 33,378 tractors in month of November 2024 compared to 32,074 tractors in November 2023, recording a growth of 4%. Domestic tractors sales stood at 31,746 units (higher by 2% YoY) while export were at 1,632 units (higher by 62% YoY). Commenting on the performance, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra said �We have sold 31746 tractors in the domestic market during November 2024, a growth of 2% over last year. With the Kharif harvest season getting completed, farmers are progressing with Rabi sowing. The marginal decline in the industry is due to shift in festive season of Diwali and Dhanteras as compared to the previous year. With very good reservoir levels and higher MSP for key Rabi crops, farmers sentiments are positive and cash flows healthy. Good progress in Rabi sowing and a good Rabi crop is expected to further boost demand for tractors in coming months. In the exports market, we have sold 1632 tractors, a growth of 62% over last year.�Powered by Capital Market - Live News