M&M auto sales up 19% YoY in August, SUVs see highest-ever sales
Mahindra & Mahindra Ltd on Friday announced that its overall auto sales rose by 19 per cent and stood at 70,350 vehicles for the month of August including exports.
In the Utility Vehicles segment, Mahindra sold its highest-ever SUVs of 37,270 vehicles in the month, in the domestic market, and overall, 38,164 vehicles, including exports. The domestic sales for Commercial Vehicles stood at 23,613 units.
«We are excited to witness another record month, as we clocked our highest-ever SUV domestic sales of 37,270 in a month with a growth of 26%,» said Veejay Nakra, President, Automotive Division, M&M.
Nakra said that while demand for the company's key SUV brands continued to be strong, they are keeping a close watch on the availability of semi-conductors and select parts, for sustained and smooth scaleup.
The company's farm equipment sector said that the tractor sales in domestic market in August 2023 stood at 20,647 units, as against 20,138 units during August 2022.
Meanwhile, the total tractor sales including exports stood at 21,676 units, as against 21,520 units for the same period last year.
