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After a record-breaking year in FY’23, the growth trend in SUVs continues
Mumbai, May 02, 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 April 2023 stood at 62,294 vehicles.
In the Utility Vehicles segment, Mahindra sold 34,694 vehicles in April 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 34,698 vehicles in April 2023.
Exports for the month were at 1,813 vehicles. In the Commercial Vehicles segment, Mahindra sold 20,231 vehicles in April 2023.
According to Veejay Nakra, President, Automotive Division, M&M Ltd., “After a record-breaking year in F23, we continued our growth trend in SUVs by selling 34,694 units, registering a growth of 57% in April. Our Commercial vehicles registered growth of 16% during this month and we are optimistic in further consolidating our position in the < 3.5-ton LCV segment with our recently launched All New range of Bolero Maxx Pik-Up, which promises to be a game changer. We continue to keep a close watch on the dynamic supply chain situation, which is an industry phenomenon”.
|Passenger Vehicles sales summary (Domestic) – April 2023|
|Cars + Vans||4||358||-99%|
|Commercial Vehicles and 3 Wheelers sales summary (Domestic) - April 2023|
|LCV < 2T||3,416||2,929||17%|
|LCV 2 T – 3.5 T||15,665||13,768||14%|
|LCV > 3.5T + MHCV||1,150||705||63%|
|3 Wheelers (including electric 3Ws)||5,552||3,009||85%|
|Exports – April 2023|
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/newsroom
Media contact information
Head - Communications
Automotive & Farm Equipment Sector
Mahindra & Mahindra Limited
Email – [email protected]