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Mahindra & Mahindra reported 15% growth in tractors sales for January 2025. The company sold 27,557 tractors in month of January 2025 compared to 23,948 tractors in January 2024. Domestic tractors sales were up 15% at 26,305 units while exports were up 28% at 1,252 units.
Commenting on the performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra said, “We have sold 26305 tractors in the domestic market during January'25 at a growth of 15% over last year. Better soil moisture levels due to the above normal southwest monsoon and high-water storage levels in major reservoirs has aided increase in Rabi sowing. Continued Government support on various rural schemes, government support on Agri subsidies and expectations of higher budget allocation in the upcoming Union budgets are positives to boost tractor demand going forward. In the exports market, we have sold 1252 tractors, a growth of 28% over last year.”
Total sales includes domestic sales of 82,028 units (up 14% YoY) and exports of 3,404 units (up 95% YoY).
Domestic sales include passenger vehicle sales of 50,659 units (up 18% YoY) and commercial vehicle & three wheelers sales 31,369 units (up 8% YoY).
According to Veejay Nakra, President, Automotive Division, M&M, “We began the new year by selling 50659 SUVs, a growth of 18% and 85432 total vehicles, a growth of 16%. Our Electric Origin SUVs, BE6 and XEV 9E garnered a lot of interest at the recently concluded Bharat Mobility Global Expo held in New Delhi. We commenced the test drive for these vehicles on the 14th of January and are excited about bringing these vehicles to our customers. Bookings for these vehicles will ommence on 14th February.”
Mahindra & Mahindra Ltd gained for a fifth straight session today. The stock is quoting at Rs 3002.95, up 1.06% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.92% on the day, quoting at 23462.45. The Sensex is at 77335.47, up 0.75%. Mahindra & Mahindra Ltd has slipped around 2.56% in last one month.
Meanwhile, Nifty Auto index of which Mahindra & Mahindra Ltd is a constituent, has slipped around 1.16% in last one month and is currently quoting at 22495.7, up 1.67% on the day. The volume in the stock stood at 13.45 lakh shares today, compared to the daily average of 25.69 lakh shares in last one month.
The benchmark February futures contract for the stock is quoting at Rs 3021.65, up 1.19% on the day. Mahindra & Mahindra Ltd is up 81.87% in last one year as compared to a 8.13% spurt in NIFTY and a 18.33% spurt in the Nifty Auto index.
The PE of the stock is 33.87 based on TTM earnings ending September 24.
Sundram Fasteners Ltd rose 1.96% today to trade at Rs 1068. The BSE Auto index is up 0.35% to quote at 52952.28. The index is down 1.57 % over last one month. Among the other constituents of the index, Apollo Tyres Ltd increased 0.72% and Mahindra & Mahindra Ltd added 0.71% on the day. The BSE Auto index went up 25.61 % over last one year compared to the 9.14% surge in benchmark SENSEX.
Sundram Fasteners Ltd has lost 7.23% over last one month compared to 1.57% fall in BSE Auto index and 4.05% drop in the SENSEX. On the BSE, 2 shares were traded in the counter so far compared with average daily volumes of 3481 shares in the past one month. The stock hit a record high of Rs 1504.1 on 18 Jul 2024. The stock hit a 52-week low of Rs 1002.05 on 15 Mar 2024.