National, July 03, 2023: Mahindra & Mahindra Ltd. (M&M Ltd.), one of India’s leading automotive companies, today announced that its overall auto sales for the month of June 2023 stood at 62,429 vehicles.
In the Utility Vehicles segment, Mahindra sold 32,585 vehicles in the domestic market and overall, 33,986 vehicles, including exports. The sales volume for SUVs were restricted by a short-term disruption in engine-related parts at the supplier end. The semiconductor supply constraints on specific parts like Air Bag ECU continued this month as well.
The domestic sales for Small Commercial Vehicles (LCV < 3.5T) stood at 19,798 vehicles.
According to Veejay Nakra, President, Automotive Division, M&M Ltd., “With strong demand for the SUV Portfolio, we have continued our growth trend with domestic sale of 32,585 units and 22% growth in June. The XUV700 reached an important milestone as it launched in Australia with a high decibel launch amidst great enthusiasm from customers as well as our partners. We continue to deliver a healthy YoY growth in HCVs and 3-Wheelers segments as well. The SUVs volumes were restricted by a short-term disruption in engine-related parts at the supplier end. The constraints on semiconductor related parts like Air Bag ECU continued during the month too.”
Passenger Vehicles Sales Summary (Domestic) – June 2023
| Passenger Vehicles Sales Summary (Domestic) – June 2023 | ||||||
| Category | June | YTD June | ||||
| F24 | F23 | % Change | F24 | F23 | % Change | |
| Utility Vehicles | 32585 | 26620 | 22% | 100162 | 75420 | 33% |
| Cars + Vans | 3 | 260 | -99% | 10 | 890 | -99% |
| Passenger Vehicles | 32588 | 26880 | 21% | 100172 | 76310 | 31% |
| Commercial Vehicles and 3 Wheelers Sales Summary (Domestic) – June 2023 | ||||||
| Category | June | YTD June | ||||
| F24 | F23 | % Change | F24 | F23 | % Change | |
| LCV < 2T | 3063 | 3410 | -10% | 9392 | 9567 | -2% |
| LCV 2 T – 3.5 T | 16735 | 16405 | 2% | 48540 | 47462 | 2% |
| LCV > 3.5T + MHCV | 1161 | 616 | 88% | 3320 | 1953 | 70% |
| 3 Wheelers (including electric 3Ws) | 6377 | 4008 | 59% | 17780 | 10662 | 67% |
| Exports – June 2023 | ||||||
| Category | June | YTD June | ||||
| F24 | F23 | % Change | F24 | F23 | % Change | |
| Total Exports | 2505 | 2777 | -10% | 6934 | 7508 | -8% |
About Mahindra
Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 260,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate.
The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise.
Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise/ For updates subscribe to https://www.mahindra.com/newsroom
