Overall, Auto sales record a growth of 45% across the portfolio

Mahindra & Mahindra Ltd. announced that its overall auto sales for the month of December 2022 stood at 56,677 vehicles.

The SUV segment recorded a growth of 62% in December

In the Utility Vehicles segment, Mahindra sold 28,333 vehicles in December 2022. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 28,445 vehicles in December 2022.

Exports

Exports for the month were at 3,100 vehicles. In the Commercial Vehicles segment, Mahindra sold 20,080 vehicles in December 2022.

According to Veejay Nakra, President, Automotive Division, M&M Ltd., “Continuing interest from our customers has led to strong demand across our portfolio in December 2022. We have seen a growth of 61% in our Passenger Vehicles and a 45% overall growth. Due to continuing international disruptions and increasing coronavirus cases, we are keeping a close watch on the dynamic supply chain situation.”

Farm Equipment Sector

Domestic tractor sales record a growth of 30%

Domestic sales in December 2022 were at 21,640 units, as against 16,687 units in December 2021.

Total tractor sales (Domestic + Exports) during December 2022 were at 23,243 units, as against 18,269 units for the same period last year. Exports for the month stood at 1,603 units.

Commenting on the performance, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd., said, “We have sold 21,640 tractors in the domestic market during December 2022, a growth of 30% over last year. Rabi crop sowing has progressed very well and is higher than last year's acreage and also higher than the average of the last 5 years. Wheat and oil seeds are expected to be a bumper harvest. On the back of strong Rabi sowing, good Kharif procurement and likely exports of wheat, the sentiments continue to remain upbeat in the farming sector, leading to strong demand for tractors and farm implements. In the exports market, we have sold 1,603 tractors, a growth of 1% over last year.”