Mahindra Auto sells 58,801 vehicles with an 8% growth; SUVs registers 10% growth in February 2023
Auto
Mumbai, 1 March 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 February 2023 stood at 58,801 vehicles.
In the Utility Vehicles segment, Mahindra sold 30,221 vehicles in February 2023, despite disruptions in supply chain of Crash Sensors and Air Bag ECUs due to unavailability of semi-conductors. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 30,358 vehicles in February 2023.
Exports for the month were at 2,250 vehicles. In the Commercial Vehicles segment, Mahindra sold 20,843 vehicles in February 2023.
According to Veejay Nakra, President, Automotive Division, M&M Ltd., “We continue our trend of selling more than 30,000 SUVs per month and February saw a growth of 10% in the segment and an overall growth of 8%. Our recent launches (Thar RWD and XUV400) have received a very positive response and we see good demand across our portfolio as well. We are monitoring and taking appropriate steps on the supply chain scenario of semi-conductors, which continue to be dynamic”.
| Passenger Vehicles Sales Summary (Domestic) – February 2023 | ||||||
|---|---|---|---|---|---|---|
| Category | February | YTD February | ||||
| F23 | F22 | % Changes | F23 | F22 | % Changes | |
| Utility Vehicles | 30,221 | 27,551 | 10% | 320,985 | 196,302 | 64% |
| Cars + Vans | 137 | 112 | 22% | 2271 | 1990 | 14% |
| Passenger Vehicles | 30,358 | 27,663 | 10% | 323,256 | 198,292 | 63% |
| Commercial Vehicles and 3 Wheelers Sales Summary (Domestic) - February 2023 | ||||||
|---|---|---|---|---|---|---|
| Category | February | YTD February | ||||
| F23 | F22 | % Changes | F23 | F22 | % Changes | |
| LCV < 2T | 2,515 | 4,048 | -38% | 37,034 | 28,533 | 30% |
| LCV 2 T – 3.5 T | 17,241 | 15,431 | 12% | 180,693 | 123,141 | 47% |
| LCV > 3.5T + MHCV | 1,087 | 687 | 58% | 8,567 | 5,606 | 53% |
| 3 Wheelers (including electric 3Ws) | 5,350 | 3,812 | 40% | 52,823 | 26,036 | 103% |
| Exports – February 2023 | ||||||
|---|---|---|---|---|---|---|
| Category | February | YTD February | ||||
| F23 | F22 | % Changes | F23 | F22 | % Changes | |
| Total Exports | 2,250 | 2,814 | -20% | 29,992 | 29,350 | 2% |
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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