Mahindra and Mahindra (M&M) is trading higher by 2% at Rs 885 after the company reported 11% year-on-year growth in its auto sales numbers at 47,824 units in February 2013. The company had sold total 43,087 units in February 2012.
“The Passenger Vehicles segment (which includes the utility vehicles and Verito) registered a growth of 14%, having sold 23,421 units in February 2013, as against 20,573 units during February 2012,” M&M said in a statement.
The company's domestic sales stood at 44,399 units during February 2013, as against 40,461 units during February 2012, an increase of 10%, it added.
The 4 wheeler commercial segment, which includes the passenger and load vehicles, registered a sale of 15,167 units, while the 3 wheeler segment clocked 4,803 units in February 2013. Exports for the month of February 2013 stood at 3,425 units, the company said.
The stock opened at Rs 873 and hit a high of Rs 891 on NSE. A combined 2.25 million shares have changed hands on the counter so far on NSE and BSE.
“The Passenger Vehicles segment (which includes the utility vehicles and Verito) registered a growth of 14%, having sold 23,421 units in February 2013, as against 20,573 units during February 2012,” M&M said in a statement.
The company's domestic sales stood at 44,399 units during February 2013, as against 40,461 units during February 2012, an increase of 10%, it added.
The 4 wheeler commercial segment, which includes the passenger and load vehicles, registered a sale of 15,167 units, while the 3 wheeler segment clocked 4,803 units in February 2013. Exports for the month of February 2013 stood at 3,425 units, the company said.
The stock opened at Rs 873 and hit a high of Rs 891 on NSE. A combined 2.25 million shares have changed hands on the counter so far on NSE and BSE.