Mahindra & Mahindra Ltd. (M&M Ltd.), one of India’s leading automotive companies, today announced that its overall auto sales for the month of December 2022 stood at 56,677 vehicles.
02 JANUARY, 2023 | India
Mumbai, 2 January 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 December 2022 stood at 56,677 vehicles.
In the Utility Vehicles segment, Mahindra sold 28,333 vehicles in December 2022. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 28,445 vehicles in December 2022.
Exports for the month were at 3,100 vehicles. In the Commercial Vehicles segment, Mahindra sold 20,080 vehicles in December 2022.
According to Veejay Nakra, President, Automotive Division, M&M Ltd., “Continuing interest from our customers have led to strong demand across our portfolio in December 2022. We have seen growth of 61% in our Passenger Vehicles and a 45% overall growth. Due to continuing international disruptions and increasing coronavirus cases, we are keeping a close watch on the dynamic supply chain situation.”
Passenger vehicles sales summary (Domestic) – December 2022
| Category | December | YTD December | ||||
| F23 | F22 | % Change | F23 | F22 | % Change | |
| Utility Vehicles | 28,333 | 17,469 | 62% | 257,849 | 148,903 | 73% |
| Cars + Vans | 112 | 253 | -56% | 2009 | 1762 | 14% |
| Passenger Vehicles | 28,445 | 17,722 | 61% | 2,59,858 | 1,50,665 | 72% |
*Above Domestic Sales Includes sales made in subsidiary company Mahindra Electric Mobility Ltd
Commercial Vehicles and 3 Wheelers Sales Summary (Domestic) – December 2022
| Category | December | YTD December | ||||
| F23 | F22 | % Change | F23 | F22 | % Change | |
| LCV <2T | 3,031 | 2,822 | 7% | 31,844 | 21,501 | 48% |
| LCV 2 T – 3.5 T | 16,170 | 12,532 | 29% | 1,45,351 | 90,181 | 61% |
| LCV > 3.5T + MHCV | 879 | 584 | 51% | 6,532 | 4,321 | 51% |
| 3 Wheelers (including electric 3Ws) | 5,052 | 2,480 | 104% | 40,911 | 19,356 | 111% |
Exports – December 2022
| Category | December | YTD December | ||||
| F23 | F22 | % Change | F23 | F22 | % Change | |
| Total Exports | 3,100 | 3,017 | 3% | 24,733 | 23,671 | 4% |
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/news-room
Media contact information
Pramuch Goel
VP & Head – Group Communications
Mahindra Group
Email – [email protected]
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