Mahindra & Mahindra's March sales up y-o-y by 31%

3 Apr 2023 , 10:21 AM

Mahindra & Mahindra Ltd. (M&M Ltd.), one of India’s leading automotive companies, announced that its auto sales for the month of March 2023 stood at 35,976 vehicles, a 31% increase over the previous corresponding period. 

The company also achieved its highest-ever annual sales of SUVs, with 356,961 units sold, registering a 60% yoy increase. 

In the Passenger Vehicle segment (which includes UVs, Cars, and Vans), the company sold 35,997 units (a 30% increase) in March 2023, for an annual total of 359,253 vehicles (a 59% increase).

In March 2023, the Commercial Vehicle category witnessed a sales of 22,282 vehicles, indicating a 12% growth. The annual sales figure for the segment was recorded at 248,576 vehicles, showing a significant growth of 40%. 

The LCV segment, specifically for vehicles between 2 to 3.5 tons, had a successful year, with the highest ever annual sales figure of 198,121 units in FY23. The Mahindra Truck and Bus Division, catering to LCVs above 3.5 tons and MHCVs, also showed promising performance with 1,469 units sold in March 2023 (77% growth) and an annual sale of 10,036 units (56% growth).

Exports for the month totaled 2,115 vehicles, with the company selling 5,697 three-wheelers in March 2023.

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