Mumbai, September 01, 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 August 2023 stood at 70,350 vehicles, a growth of 19%, 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.
According to Veejay Nakra, President, Automotive Division, M&M Ltd., “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%. We also registered an overall growth of 19% for the month of August. While demand for our key SUV brands continue to be strong, we are keeping a close watch on the availability of semi-conductors and select parts, for sustained and smooth scaleup.”
Passenger Vehicles Sales Summary (Domestic) – August 2023
Passenger Vehicles Sales Summary (Domestic) – August 2023 |
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|---|---|---|---|---|---|---|
| Category | August | YTD August | ||||
| F24 | F23 | % Change | F24 | F23 | % Change | |
| Utility Vehicles | 37270 | 29516 | 26% | 173637 | 132790 | 31% |
| Cars + Vans | 0 | 336 | -100% | 10 | 1425 | -99% |
| Passenger Vehicles | 37270 | 29852 | 25% | 173647 | 134215 | 29% |
Commercial Vehicles and 3 Wheelers Sales Summary (Domestic) – August 2023 |
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|---|---|---|---|---|---|---|
| Category | August | YTD August | ||||
| F24 | F23 | % Change | F24 | F23 | % Change | |
| LCV < 2T | 3896 | 3896 | 0% | 16688 | 17156 | -3% |
| LCV 2 T – 3.5 T | 18768 | 16940 | 11% | 83811 | 80847 | 4% |
| LCV > 3.5T + MHCV | 949 | 646 | 47% | 5264 | 3407 | 55% |
| 3 Wheelers (including electric 3Ws) | 7044 | 4793 | 47% | 31305 | 19806 | 58% |
Exports – August 2023 |
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|---|---|---|---|---|---|---|
| Category | August | YTD August | ||||
| F24 | F23 | % Change | F24 | F23 | % Change | |
| Total Exports | 2423 | 2912 | -17% | 11897 | 13218 | -10% |
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.