M&M records sales of 59,049 vehicles overall in August 2022

Mahindra & Mahindra Limited (M&M Ltd.) announced that its overall auto sales for the month of June 2022 stood at 54,096 vehicles.

In the Utility Vehicles segment, Mahindra sold 29,516 vehicles in August 2022. The Passenger Vehicles segment (which includes UVs, cars and vans) sold 29,852 vehicles in August 2022.

Exports for the month were at 2,912 vehicles. In the Commercial Vehicles segment, Mahindra sold 21,492 vehicles in August 2022.

According to Veejay Nakra, President, Automotive Division, M&M Ltd., “August was a very exciting month for us, with launches across many segments. Demand across our portfolio remains strong and is enhanced with the blockbuster launches of Scorpio-N, Scorpio Classic, and the new Bolero MaXX Pik-up. We registered the highest ever SUV volume of 29,516 in August, registering a growth of 87% over August ‘21. Our commercial vehicles continue to deliver strong performance, registering strong growth across segments. The supply chain situation continues to remain dynamic for select product lines, and we are taking appropriate actions to minimise impact.”

Farm Equipment sector sells 20,138 units in India during August 2022

Domestic sales in August 2022 were at 20,138 units, as against 19,997 units during August 2021.

Total tractor sales (Domestic + Exports) during August 2022 were at 21,520 units, as against 21,360 units for the same period last year. Exports for the month stood at 1,382 units.

Commenting on the performance, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd., said, “We have sold 20,138 tractors in the domestic market during August 2022, with a growth of 1% over last year. The monsoon has been overall positive, with 8% higher than LPA; however, the spatial distribution has been deficient in key paddy states of eastern India, thus impacting paddy sowing. We are optimistic that tractor purchases on auspicious days in the festive season will lead to a revival in demand as farmers start preparations for harvesting operations. We are preparing for strong tractor demand in the festive season. In the export market, we have sold 1,382 tractors, a growth of 1% over last year.”

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