Mahindra -; Mahindra logs auto sales of 53,726 units in May 2022; posts overall growth of 208%

1 Jun 2022 , 02:49 PM

Mahindra & Mahindra Ltd., one of India’s leading automotive companies, announced that its overall auto sales for the month of May 2022 stood at 53,726 vehicles.

In the Utility Vehicles segment, Mahindra reported sales of 26,632 vehicles in May 2022. The Passenger Vehicles segment (which includes UVs, Cars, and Vans) sold 26,904 vehicles in May 2022. Exports for the month stood at 2,028 vehicles.

In the Commercial Vehicles segment, Mahindra clocked sales of 21,149 vehicles in May 2022.

All the Light Commercial Vehicle Segments of 3.5T and the heavy commercial vehicles continued their growth trajectory in May 2022.

Veejay Nakra, President of the Automotive Division, commented, “With sales of 26,632 SUVs in May, the growth momentum for all our brands continued as they perform well including XUV700 and Thar. The company is witnessing strong bookings and has a robust pipeline. M&M launched the Scorpio-N, which is generating very high interest levels and promises to be yet another blockbuster from Mahindra.

Our Commercial Vehicles have also registered strong robust across segments. We are closely monitoring the supply chain-related issues, which continue to constraint volumes, and are taking appropriate actions to mitigate the impact.”

At around 2.54 PM, Mahindra & Mahindra was trading at Rs1,044.70 up by Rs10.8 or 1.04% from its previous closing of Rs1,033.90 on the BSE. The scrip touched intraday high and low of Rs1,056.60 and Rs1,014.70 respectively.