M-;M passenger car sales surge y-o-y by 60% in Oct

2 Nov 2022 , 08:33 AM

Mahindra & Mahindra Ltd. stated on Tuesday that domestic passenger car sales increased by 60% to 32,298 units in October 2022. Mahindra & Mahindra (M&M) stated in a statement that the business sold 20,130 units during the same month last year.

Sales of utility vehicles increased by 61% to 32,226 units from 20,034 units in the same month last year.

However, sales of cars and vans decreased 25% to 72 units from 96 units in October 2021.

The robust holiday demand helped our sales volume expand in October, according to M&M President of the Automotive Division Veejay Nakra.

M&M reported that in October 2022, it sold 20,980 units of commercial vehicles.

When compared to October 2021, when there were 47,017 tractor sales, last month’s total sales increased by 11% to 51,994 units.

According to the firm, domestic tractor sales increased by 11% to 50,539 units this month from 45,420 units in the same month last year, while exports fell by 9% to 1,455 units from 1,597 units in that same month last year.

For feedback and suggestions, write to us at [e-mail]