Mahindra sells 35,976 SUVs in March, its highest ever
Published On: Monday, April 3, 2023 | By: Team KnowMyStock
Mahindra & Mahindra (M&M) on Monday said its total sales increased by 21 percent year-on-year to 66,091 units in March. Mahindra & Mahindra has announced that the company's SUV sales for the month of March 2023 stood at 35,976. This sets a new record for Mahindra’s passenger vehicles division with its SUVs, cars, and vans bringing in total sales of 35,997 units. When compared the March 2022’s 27,603 units, the company has achieved a 31 percent growth in its sales this year. It was the company's highest-ever utility vehicle wholesales in a month.M&M said its exports last month stood at 2,115 units, as against 3,160 units in the year-ago period, a drop of 33 percent. For the last financial year, the company sold 3,56,961 utility vehicles, an increase of 60 percent over 2,23,682 units in 2021-22.
Veejay Nakra, President, Automotive Division, M&M Ltd. said “Our SUV business recorded all-time high numbers, with a growth of 31% in March 2023, while it recorded a 60% overall growth in F23, on the back of good demand across the portfolio."
“We would like to thank our associates, dealers, partners, suppliers, and customers, who have made this a remarkable year," he further added. .
Tags: #M&M #highestsales #SUV's
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