Auto major Mahindra & Mahindra Ltd. reported a steady rise in April sales, led by strong tractor demand and a sharp jump in exports.
The company’s total sales for April rose 14% year-on-year to 94,627 units. Passenger vehicle sales grew at a relatively moderate pace, rising 8% to 56,331 units compared to 52,330 units in the same month last year.
Growth was sharper in the farm segment, with tractor sales climbing 21% year-on-year to 48,411 units, up from 40,054 units. Exports surged 47% to 4,970 units from 3,381 units a year ago.
Shares of Mahindra & Mahindra Ltd. ended Thursday’s session 1.84% lower at ₹3,094.20. The stock has remained under pressure, declining 18% so far this year.
