Image Courtesy: Mint
Mahindra & Mahindra Ltd., an Indian automobile manufacturer, revealed that their total auto sales in December 2022 were 56,677 vehicles.
Mahindra sold 28,333 vehicles in the utility vehicles segment in December 2022, while the passenger vehicles segment (which comprises UVs, Cars, and Vans) sold 28,445 vehicles, according to a filing.
In December, the business sold 3,100 automobiles for export. Mahindra sold 20,080 vehicles in the commercial vehicle market in December 2022.
According to the statement, Mahindra Auto sold 28,333 SUVs, representing a 62 percent increase.
According to Veejay Nakra, President, Automotive Division, M&M Ltd., “Continuing interest from our customers have led to strong demand across our portfolio in December 2022. We have seen growth of 61 percent in our passenger vehicles and a 45 percent overall growth. Due to continuing international disruptions and increasing coronavirus cases, we are keeping a close watch on the dynamic supply chain situation.”
Aside from that, the firm released sales numbers for its Farm Equipment Sector (FES), which is part of the Mahindra Group.
While announcing its tractor sales figures, the company stated that domestic sales in December 2022 were 21,640 units, up from 16,687 units in December 2021.
Total tractor sales (domestic + exports) in December 2022 were 23,243 units, up from 18,269 units in the same time the previous year. Exports for the month totaled 1,603 units, according to the report.
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 percent over last year. Rabi crop sowing has progressed very well and is higher than last year acreage and also higher than the average of last 5 years. Wheat and oil seeds are expected to be 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 percent over last year.”