Mahindra & Mahindra Ltd.'s income increased in the third quarter of fiscal 2024, even as earnings met estimates.
Other Key Highlights
Highest ever Q3 volumes at 211,000, up 20% YoY
Highest ever utility-vehicle volumes at 119,000
Open bookings of SUVs at 226,000, as on Feb. 1
At 21%, M&M enjoys highest revenue market share in SUV segment
M&M’s LCV market share at 49.6%, up 310 bps year-on-year
In tractors, M&M’s market share was at 41.8% in Q3, up 80 bps YoY
M&M's electric three-wheeler volumes rose 54% YoY
M&M is the market leader in E3W with 54% market share
M&M Group Highlights
Mahindra Lifespaces clocks residential pre-sales of Rs 433 crore
Club Mahindra’s total income up 8% year-on-year at Rs 363 crore
Mahindra Logistics revenue up 5% year-on-year at Rs 1,397 crore
India’s largest renewables InvIT listing completed in Jan. 24
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