Mahindra Auto sells 32,585 SUVs with a 22% growth, Overall sales up 15% to 62,429 vehicles in June 2023

Mumbai : Mahindra & Mahindra Ltd. (M&M Ltd.), one of India’s leading automotive companies, today announced that its overall auto sales for the month of June 2023 stood at 62,429 vehicles.

In the Utility Vehicles segment, Mahindra sold 32,585 vehicles in the domestic market and overall, 33,986 vehicles, including exports. The sales volume for SUVs were restricted by a short-term disruption in engine-related parts at the supplier end. The semiconductor supply constraints on specific parts like Air Bag ECU continued this month as well. The domestic sales for Small Commercial Vehicles (LCV < 3.5T) stood at 19,798 vehicles.

According to Veejay Nakra, President, Automotive Division, M&M Ltd., “With strong demand for the SUV Portfolio, we have continued our growth trend with domestic sale of 32,585 units and 22% growth in June. The XUV700 reached an important milestone as it launched in Australia with a high decibel launch amidst great enthusiasm from customers as well as our partners. We continue to deliver a healthy YoY growth in HCVs and 3- Wheelers segments as well. The SUVs volumes were restricted by a short-term disruption in engine-related parts at the supplier end. The constraints on semiconductor related parts like Air Bag ECU continued during the month too.”

Meanwhile, Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), part of the Mahindra Group, today announced its tractor sales numbers for June 2023. Domestic sales in June 2023 were at 43,364 units, as against 39,825 units during June 2022. Total tractor sales (Domestic + Exports) during June 2023 were at 44,478 units, as against 41,848 units for the same period last year. Exports for the month stood at 1,114 units.