Mahindra becomes the No. 1 SUV player in the industry

Mahindra & Mahindra Ltd. announced its overall auto sales for the month of September 2022. Mahindra’s Utility Vehicles segment recorded its highest monthly sales of 34,262 SUVs, growing 166% over last year to become the No. 1 UV player in the industry.

Highest-ever quarterly sales recorded
Overall, the automotive business recorded its highest overall monthly sales of 64,486 vehicles with a growth of 129% and the highest-ever quarterly sales of 1,79,673 vehicles with a growth of 77% over last year.

Exports
Exports for the month were at 2,538 vehicles. In the Commercial Vehicles segment, Mahindra sold 21,666 vehicles in August 2022.

According to Veejay Nakra, President, Automotive Division, M&M Ltd., “September was a very exciting month with a strong start to the festive season. We continue to see very strong demand and performance across our portfolio of products, from SUVs, LCVs less than 3.5 tons and our last-mile mobility brands. We are delighted that our SUVs have registered the highest ever sales of 34,262 vehicles as well as highest ever overall volumes of 64,486 vehicles for the month of September.”

Mahindra’s Farm Equipment Sector registered the highest ever monthly tractor sales in India at 47,100 units during September 2022

Domestic sales in September 2022 were at 47,100 units, as against 39,053 units during September 2021.

Total tractor sales (domestic + exports) during September 2022 were at 48,713 units, as against 40,331 units for the same period last year.

Exports for the month stood at 1,613 units.

Commenting on the performance, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd., said, “We have sold 47,100 tractors in the domestic market during September 2022, a growth of 21% over last year. This is our highest ever sale in a month. Demand remained strong during the month owing to a festive boost, which we expect to continue in October as well. With the Kharif crop harvest starting soon and crop prices holding firm, the sentiment is positive. The above normal monsoon has improved the reservoir levels, leading to the high moisture content in the soil, which is very positive for higher food grain production in the upcoming Rabi season. In the export market, we have sold 1,613 tractors, with a growth of 26% over last year.”