Mahindra & Mahindra Ltd.'s total sales surged 50% in August to 59,257 units, according to an exchange filing on Tuesday. This compared to analyst estimates of 62,000 units.
Commercial vehicle sales rose 28% to 42,337 units, three-wheeler sales jumped 42% to 14,922 units, while total exports soared 71% to 6,054 units.
M&M's tractor sales saw a modest uptick of 5% to 29,507 units, compared to estimates of 28,950 units; majority of which were domestic sales.
Domestic sales were up 5% to 27,595 units while exports came in at 1,912 units compared to the expected 1,916 units.
The auto giant's share price climbed over 2% to Rs 3,368 apiece on the NSE after the auto sales data was released.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
