Mahindra & Mahindra, an automaker, reported on Thursday that its total sales for the month of August this year were 59,049, up 93.07 percent from the same month last year. August 2021 saw 30,585 M&M units sold. Utility vehicle sales as a category totaled 29,516 in August 2022, an increase of 87% over the corresponding month in 2021. 29,852 passenger vehicle units were sold in August of this year. For the month, 2,912 automobiles were exported. Mahindra sold 21,492 vehicles in the commercial vehicle market in August 2022.
According to Veejay Nakra, President, Automotive Division, M&M, "August was a very exciting month with launches across many segments for us. Demand across our portfolio remains strong and is enhanced with blockbuster launches of Scorpio-N, Scorpio Classic and new Bolero MaXX Pik-up. We registered highest ever SUV volume in August. Our commercial vehicles continue to deliver strong performance registering strong growth across segments."
Additionally, the Farm Equipment Sector (FES) of M&M's sold 20,138 units in August of this year compared to 19,997 units in August of the previous year.
Hemant Sikka, President - FES, M&M said, "We are optimistic that tractor purchases on auspicious days in the festive season will lead to revival in demand, as farmers start preparation for harvesting operations. We are preparing for strong tractor demand in the festive season. In the exports market, we have sold 1,382 tractors, a growth of 1 per cent over last year.”
Total tractor sales during August 2022 stood at 21,520 units, as against 21,360 units for the same period last year. Exports for the month stood at 1,382 units.