Mahindra Auto sells 32, 226 SUV’s and 61,114 vehicles overall in October 2022; continues to be #1 SUV player for 2nd consecutive month
Auto
Mumbai, November 1, 2022: Mahindra & Mahindra Ltd. (M&M Ltd.), one of India’s leading automotive companies, today announced that its overall auto sales for the month of October 2022 stood at 61,114 vehicles.
In the utility vehicles segment, Mahindra sold 32,226 vehicles in October 2022. The passenger vehicles segment (which includes UVs, cars and vans) sold 32,298 vehicles in October 2022.
Exports for the month were at 2,755 vehicles. In the commercial vehicles segment, Mahindra sold 20,980 vehicles in October 2022.
According to Veejay Nakra, President, Automotive Division, M&M Ltd., “Our sales volume continued to grow in October on the back of strong festive demand. We sold 32,226 SUVs in October, registering a growth of 61 percent fueled by robust demand across our portfolio. Our commercial vehicles also registered strong growth for the month. “
Passenger vehicles sales summary (Domestic) – October 2022
| Category | October | YTD October | ||||
| F23 | F22 | % Change | F23 | F22 | % Change | |
| Utility Vehicles | 32,226 | 20,034 | 61% | 1,99,278 | 1,12,050 | 78% |
| Cars + Vans | 72 | 96 | -25% | 1,743 | 1,435 | 21% |
| Passenger Vehicles | 32,298 | 20,130 | 60% | 2,01,021 | 1,13,485 | 77% |
*Above Domestic Sales Includes sales made in subsidiary company Mahindra Electric Mobility Ltd
Commercial Vehicles and 3 Wheelers Sales Summary (Domestic) – October 2022
| Category | October | YTD October | ||||
| F23 | F22 | % Change | F23 | F22 | % Change | |
| LCV <2T | 4,562 | 3,175 | 44% | 26,170 | 16,270 | 61% |
| LCV 2 T – 3.5 T | 15,728 | 11,178 | 41% | 1,12,988 | 65,600 | 72% |
| LCV > 3.5T + MHCV | 690 | 724 | -5% | 4,898 | 3,216 | 52% |
| 3 Wheelers (including electric 3Ws) | 5,081 | 3,527 | 44% | 30,661 | 14,312 | 114% |
Exports – October 2022
| Category | October | YTD October | ||||
| F23 | F22 | % Change | F23 | F22 | % Change | |
| Total Exports | 2,755 | 3,174 | -13% | 18,511 | 17,553 | 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
Pramuch Goel
VP & Head - Group Communications
Mahindra Group
Email – [email protected]
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