Mahindra Auto Sells 32,585 SUVs With 22% Growth In June'23
Mahindra & Mahindra's overall auto sales for the month of June 2023 stood at 62,429 vehicles.
In the Utility Vehicles segment, Mahindra sold 32,585 vehicles in the domestic market and overall, 33,986 vehicles, including exports.
Mahindra says that the sales volume for SUVs were restricted by a short-term disruption in engine-related parts at the supplier end. The semiconductor supply constraints on specific parts like Air Bag ECU continued this month as well.
The domestic sales for Small Commercial Vehicles (LCV < 3.5T) stood at 19,798 vehicles.
Passenger Vehicles Sales Summary (Domestic) – June 2023
Category | June | YTD June | ||||
F24 | F23 | % Change | F24 | F23 | % Change | |
Utility Vehicles | 32,585 | 26620 | 22% | 1,00,162 | 75,420 | 33% |
Cars + Vans | 3 | 260 | -99% | 10 | 890 | -99% |
Passenger Vehicles | 32,588 | 26880 | 21% | 1,00,172 | 76,310 | 31% |
According to Veejay Nakra, President of Automotive Division at M&M, “With strong demand for the SUV Portfolio, we have continued our growth trend with domestic sale of 32,585 units and 22% growth in June. We continue to deliver a healthy YoY growth in HCVs and 3-Wheelers segments as well.”
Commercial Vehicles and 3 Wheelers Sales Summary (Domestic) - June 2023
Category | June | YTD June | ||||
F24 | F23 | % Change | F24 | F23 | % Change | |
LCV < 2T | 3063 | 3410 | -10% | 9392 | 9567 | -2% |
LCV 2 T – 3.5 T | 16735 | 16405 | 2% | 48540 | 47462 | 2% |
LCV > 3.5T + MHCV | 1161 | 616 | 88% | 3320 | 1953 | 70% |
3 Wheelers (including electric 3Ws) | 6377 | 4008 | 59% | 17780 | 10662 | 67% |
Exports – June 2023
Category | June | YTD June | ||||
F24 | F23 | % Change | F24 | F23 | % Change | |
Total Exports | 2505 | 2777 | -10% | 6934 | 7508 | -8% |
