Mahindra Auto sells 32,915 SUVs with a 66% growth and 64,335 vehicles across portfolio with a 37% growth in January 2023
Auto
Mumbai, 1 February 2023: Mahindra & Mahindra Ltd. (M&M Ltd.), one of India’s leading automotive companies, today announced that its overall auto sales for the month of January 2023 stood at 64,335 vehicles.
In the Utility Vehicles segment, Mahindra sold 32,915 vehicles in January 2023, despite disruptions in supply chain of Crash Sensors and Air Bag ECUs due to unavailability of semi-conductors. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 33,040 vehicles in January 2023
Exports for the month were at 3,009 vehicles. In the Commercial Vehicles segment, Mahindra sold 21,724 vehicles in January 2023
According to Veejay Nakra, President, Automotive Division, M&M Ltd., “The successful launches of Thar RWD and our first all-electric SUV, XUV400, have received very encouraging response from our customers in the first month of 2023. Our Utility Vehicles saw a growth of 66% and we saw an overall growth of 37%. We continue to keep a close watch on the dynamic supply chain situation”.
| Passenger Vehicles Sales Summary (Domestic) – January 2023 | ||||||
|---|---|---|---|---|---|---|
| Category | January | YTD January | ||||
| F23 | F22 | % Changes | F23 | F22 | % Changes | |
| Utility Vehicles | 32,915 | 19,848 | 66% | 290,764 | 168,751 | 72% |
| Cars*+ Vans | 125 | 116 | 8% | 2134 | 1878 | 14% |
| Passenger Vehicles | 33,040 | 19,964 | 65% | 292,898 | 170,629 | 72% |
*Above Domestic Sales Includes sales of subsidiary company Mahindra Electric Mobility Ltd.
| Commercial Vehicles and 3 Wheelers Sales Summary (Domestic) - January 2023 | ||||||
|---|---|---|---|---|---|---|
| Category | January | YTD January | ||||
| F23 | F22 | % Changes | F23 | F22 | % Changes | |
| LCV 2T | 2,675 | 2,984 | -10% | 34,519 | 24,485 | 41% |
| LCV 2 T – 3.5 T | 18,101 | 17,529 | 3% | 163,425 | 107,710 | 52% |
| LCV > 3.5T + MHCV | 948 | 598 | 59% | 7,480 | 4,919 | 52% |
| 3 Wheelers (including electric 3Ws) | 6,562 | 2,868 | 129% | 47,473 | 22,224 | 114% |
| Exports – January 2023 | ||||||
|---|---|---|---|---|---|---|
| Category | January | YTD January | ||||
| F23 | F22 | % Changes | F23 | F22 | % Changes | |
| Total Exports | 3,009 | 2,865 | 5% | 27,742 | 26,536 | 5% |
About Mahindra
Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 260,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate.
The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise.
Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise/ For updates subscribe to https://www.mahindra.com/news-room
Media contact information
Nayana Borthakur
Head - Communications
Automotive & Farm Equipment Sector
Mahindra & Mahindra Limited
Email - [email protected]
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