Mahindra & Mahindra Reports 20% Increase in October Auto Sales

Mahindra & Mahindra shared its October auto sales on November 1.

The company sold 96,648 units, marking a 20% increase from last year’s 80,679 units.

A CNBC-TV18 poll had expected October sales to be 88,000 units.

M&M’s tractor sales reached 65,453 units, which is 30% higher than the 50,460 units sold last October. The market had predicted total tractor sales of 50,500 units.

Additionally, sources told CNBC-TV18 on Thursday, October 31, that M&M plans to launch two new electric vehicle models on November 26, 2024. -

This launch will introduce the company’s first ground-up electric vehicle. M&M aims to strengthen its presence in the competitive EV market.

The new models will include a luxury sports utility vehicle (SUV) and another SUV designed for off-road use.

The launch is expected to take place in Chennai. It will be a world premiere for Mahindra Group’s electric SUV lineup.