Mahindra records highest ever SUV sales, Total volume grows 36% in Oct
Mumbai: Mahindra & Mahindra Ltd. (M&M Ltd.), has announced that its overall auto sales for the month of October 2023 stood at 80,679 vehicles, a growth of 32%, including exports. In the Utility Vehicles segment, Mahindra recorded the highest sales for the fourth consecutive month. In October, the company sold 43,708 vehicles in the domestic market, a growth of 36% and overall, 44,264 vehicles, including exports. The domestic sales for Commercial Vehicles stood at 25,715 units, also the highest-ever. According to Veejay Nakra, President, Automotive Division, M&M Ltd., “In October, we clocked the highest ever volumes at 80,679 vehicles, a growth of 32%. Both SUVs and CVs individually achieved highest ever volumes for the third consecutive month at 43,708 and 25,715 vehicles respectively. While the strong festive demand should see us continue our growth momentum in November, we will keep a close watch of select supply related challenges.”
Farm Equipment sales drop
Mahindra & Mahindra’s Farm Equipment Sector (FES) reports marginal drop of 3% in sales in October. Domestic sales in October 2023 were at 49,336 units, as against 50,539 units during October 2022. Total tractor sales (Domestic + Exports) during October 2023 were at 50,460 units, as against 51,994 units for the same period last year. Exports for the month stood at 1,124 units.