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Mahindra's Net Profit Grows 42% To Rs. 1,268 Crore In Q3 FY2021


Highlights
Revenue for October-December 2020 period stood at Rs. 21,625.95 crore
Vehicle sales in the domestic market stood at 1,15,272 units
Mahindra & Mahindra (M&M) has released its financial results for the third quarter of Financial Year 2020-21. In the quarter that ended on December 31, 2020, the company's consolidated net profit stood at ₹ 1,268.23 crore, a massive 42 per cent growth compared to ₹ 891.54 crore profit registered by M&M during in Q3 FY2020. The company's consolidated revenue for October 2020 - December 2020 period stood at ₹ 21,625.95 crore, an 11 per cent growth compared the ₹ 19,430.29 crore revenue reported by the automaker for the same period in FY2020.
Mahindra reported that its net profit after tax, from continuing and discontinued operations stood at ₹ 704.39 crore

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Mahindra Thar Bags Over 39,000 Bookings; Receives 200-250 Orders Per Day


Mahindra Thar Bags Over 39,000 Bookings; Receives 200-250 Orders Per Day
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Highlights
The new Mahindra Thar registers about 250 orders every day
The waiting period is about 5 months, going up to 8 months on select trim
The new-generation Mahindra Thar is a roaring success for the manufacturer and is witnessing high demand from the day of the launch. Now, Mahindra & Mahindra has announced that the all-new off-roader has received over 39,000 bookings since the model first went on sale on October 2, 2020. The model has been consistently raking in bookings and bagged over 6,000 bookings in January 2021 alone. Mahindra revealed the details in a media interaction during the FY2021 Q3 earning call and also divulged that the SUV receives an average of 200-250 bookings every day.

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