M&M reaches new high after strong car sales in February; increases by 20% in 1 month | Markets News – Business Standard

Shares of Mahindra & Mahindra (M&M) hit a new high of Rs 1,974.60, up 2 per cent on the BSE in intraday trade on Friday after the company reported a healthy 24 per cent growth in overall car sales of 72,923 vehicles for the month of February 2024. The company had sold 58,801 vehicles in the same month last year.

However, overall tractor sales fell 16 percent to 21,672 units last month against 25,791 units sold in February 2023. In the export market, the company sold 1,551 tractors, a growth of 32 percent over last year.

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First print: March 01, 2024 | 10:34 am IST