Anand Mahindra: Mahindra Group Chairman Anand Mahindra has shared an old advertisement related to the price of Mahindra Jeep on his Twitter handle.
Anand Mahindra, known for his inspiring tweets, tweeted, “From the archives of a good friend whose family has been monitoring the distribution of our vehicles for decades. Ah, those good old days…when prices were moving in the right direction.”
shared old ad
The ad shared by Anand Mahindra reads, “Jeep…prices have come down. Mahindra & Mahindra is pleased to announce an immediate price reduction of Rs 200 for the WILLYS Model CJ 3B JEEP. New price: Rs 12,421.”
A good friend, whose family has been distributing our vehicles for decades fished this out from their archives. Aaah the good old days…when prices headed in the right direction! pic.twitter.com/V69sMaM98X
— anand mahindra (@anandmahindra) March 6, 2022
Profit up 57% in December quarter
On the other hand, Mahindra & Mahindra released its third quarter results on Thursday. The company reported a 57 per cent growth in net profit for the quarter ended December 2021. The company has benefited from increasing revenues despite supply chain constraints and cost overruns due to semiconductor shortages.
Increase in export of vehicles and tractors
The company’s chairman Anand Mahindra said that during October-December, there was an increase in the export of its vehicles and tractors.
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Despite being hit by the pandemic, the car company saw good demand in 2021, but production was under pressure due to global chip shortages and falling commodity prices. Last year, many big Indian car companies passed the burden of increasing the cost on the customers and increased the prices of their vehicles.
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