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Car Sales: This Indian car company is earning a lot, these vehicles changed the luck! booming sales

Mahindra: Mahindra & Mahindra’s consolidated net profit for the second quarter ended September of the current financial year increased 44 percent to Rs 2,773 crore. The group had made a net profit of Rs 1,929 crore in the same quarter of the previous financial year.

Mahindra & Mahindra: Mahindra & Mahindra’s consolidated net profit for the second quarter ended September of the current financial year increased 44 percent to Rs 2,773 crore. The group had made a net profit of Rs 1,929 crore in the same quarter of the previous financial year. The company’s operating income rose to Rs 29,870 crore during the quarter as against Rs 21,470 crore in the corresponding quarter of the previous fiscal. 

On a standalone basis, Mahindra & Mahindra’s second quarter revenue jumped 57 per cent to Rs 20,839 crore from Rs 13,314 crore in the year-ago quarter. Net profit on a standalone basis rose 46 per cent to Rs 2,090 crore during the quarter. The auto major sold 1,74,098 vehicles in the second quarter, which is 75 percent higher than the figure of 99,334 in the corresponding quarter of the previous financial year.

Best selling cars

If we talk about October 2022 only, Mahindra has sold 7,438 units of Scorpio. However, it sold 3,304 units in the same period last year. That is, its sales have increased by 125 percent (on a year-on-year basis). But, still it is not the best selling car of the company. More than any other car has been sold. 

Yes, you will be surprised to know that the best selling SUV of the company is not Scorpio but Bolero. In the last month i.e. October 2022, 8,772 units of Bolero were sold, with this it remained at the top in terms of sales for the company. At the same time, Mahindra XUV300 was at number three, with total sales of 6,282 units in October 2022.

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