Mahindra reports 21% increase in June passenger vehicle sales at 32,588 units
Mahindra & Mahindra (M&M) said that its domestic sales of utility vehicles were at 32,585 units last month, as against 26,620 units in the year-ago period, a growth of 22 per cent. "With strong demand for the SUV portfolio, we have continued our growth trend with domestic sales of 32,585 units and 22 per cent growth in June," M&M Ltd President, Automotive Division Veejay Nakra said. He stated that the SUV 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," Nakra said. Sales of three-wheelers, including electric 3Ws, were at 6,377 units, as compared to 4,008 units in June 2022, a growth of 59 per cent, the company said. Recently, the company launched its flagship XUV 700 SUV in Australia as part of its global expansion strategy.
The SUV is priced from $36,990 (approx. ₹30,35,639) in Australia for the AX7 variant. The model is priced at ₹20,56,300 in India which means it costs nearly ₹10 lakh more in Australia owing to custom duties and taxes.
Waiting period of the SUV in India was recently reduced from the previous 48 months to 40 months. In the country, Mahindra XUV700 SUV is currently on sale with a base price of ₹14.01 lakh (ex-showroom). The vehicle is offered in five different variants: MX, AX3, AX5, AX7, and AX7L.
Buyers can choose from a range of colors including Everest White, Midnight Black, Dazzling Silver, Red Rage, and Electric Blue. For the MX variant, which is available in both manual transmission (MT) and automatic transmission (AT), customers can expect a waiting period of around 15-16 weeks. The AX3 variant, available in MT and AT options, has a slightly longer
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