Mahindra & Mahindra's April sales up y-o-y by 36%

3 May 2023 , 04:58 AM

On Tuesday, Mahindra & Mahindra reported a 36% increase in total sales to 62,294 units in April. In April 2022, the company dispatched 45,640 units to dealers overall.

The company’s domestic wholesale sales of passenger cars increased by 54% last month to 34,698 units from 22,526 in April of last year, according to a statement from the Mumbai-based automaker.

Sales of commercial vehicles surged last month to 25,783 units from 20,411 units in the same month last year.

According to the company, export shipments dropped 33% last month to 1,813 units from 2,703 units in the same period last year.

After a record-breaking year in FY23, M&M Automotive Division President Veejay Nakra stated to ET that the business continued its success in SUVs by selling 34,694 units, showing an increase of 57% in April.

The dynamic supply chain issue, which is an industry phenomenon, is one that we continue to closely monitor, he added.

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