Mahindra Auto sells 32,883 SUVs with a 23% growth, and overall, 61,415 vehicles with 14% growth in May 2023
Auto
The sales volume for both SUVs and Pik-Ups were restricted by a short-term disruption in engine-related parts at the supplier end
Mumbai, June 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 May 2023 stood at 61,415 vehicles.
In the Utility Vehicles segment, Mahindra sold 32,883 vehicles in the domestic market and overall, 33,931 vehicles, including exports. The domestic sales for Small Commercial Vehicles (LCV < 3.5T) stood at 19,053 vehicles. The sales volume for both SUVs and Pik-Ups 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 also continued in this month.
According to Veejay Nakra, President, Automotive Division, M&M Ltd., “We continue our growth trend, backed by strong demand in SUVs. We sold a total of 33,931 units, translating into a domestic growth of 23% in May. We have delivered a healthy YoY growth in 3-Wheelers and export segments as well. The sales volume for both SUVs and Pik-Ups 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 during the month too.”
Passenger Vehicles Sales Summary (Domestic) – May 2023
| Passenger Vehicles sales summary (Domestic) – May 2023 | ||||||
|---|---|---|---|---|---|---|
| Category | May | YTD May | ||||
| F24 | F23 | % Changes | F24 | F23 | % Changes | |
| Utility Vehicles | 32883 | 26632 | 23% | 67577 | 48800 | 38% |
| Cars + Vans | 3 | 272 | -99% | 7 | 630 | -99% |
| Passenger Vehicles | 32886 | 26904 | 22% | 67584 | 49430 | 37% |
| Commercial Vehicles and 3 Wheelers sales summary (Domestic) - May 2023 | ||||||
|---|---|---|---|---|---|---|
| Category | May | YTD May | ||||
| F24 | F23 | % Changes | F24 | F23 | % Changes | |
| LCV < 2T | 2913 | 3228 | -10% | 6329 | 6157 | 3% |
| LCV 2 T – 3.5 T | 16140 | 17289 | -7% | 31805 | 31057 | 2% |
| LCV > 3.5T + MHCV | 1009 | 632 | 60% | 2159 | 1337 | 61% |
| 3 Wheelers (including electric 3Ws) | 5851 | 3645 | 61% | 11403 | 6654 | 71% |
| Exports – May 2023 | ||||||
|---|---|---|---|---|---|---|
| Category | May | YTD May | ||||
| F24 | F23 | % Changes | F24 | F23 | % Changes | |
| Total Exports | 2616 | 2028 | 29% | 4429 | 4731 | -6% |
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/newsroom
Media contact information
Nayana Borthakur
Head - Communications
Automotive & Farm Equipment Sector
Mahindra & Mahindra Limited
Email – [email protected]
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