Mahindra & Mahindra Ltd. (M&M Ltd.), one of India’s leading automotive companies, today announced that its overall auto sales for the month of November 2022 stood at 58,303 vehicles.
05 DECEMBER, 2022 | India
Mumbai, December 1, 2022: Mahindra & Mahindra Ltd. (M&M Ltd.), one of India’s leading automotive companies, today announced that its overall auto sales for the month of November 2022 stood at 58,303 vehicles.
In the Utility Vehicles segment, Mahindra sold 30,238 vehicles in November 2022. The Passenger Vehicles segment (which includes UVs, cars and vans) sold 30,392 vehicles in November 2022.
Exports for the month were at 3,122 vehicles. In the Commercial Vehicles segment, Mahindra sold 19,591 vehicles in November 2022.
According to Veejay Nakra, President, Automotive Division, M&M Ltd., “Our sales volume continued to grow in November powered by robust demand across our portfolio. We sold 30,238 SUVs in November, registering a growth of 56%. We have also registered a strong growth of 31% in our Commercial Vehicles segment. The supply chain situation continues to be dynamic due to continuing international disruptions. We are keeping a close watch and are taking appropriate steps.”
Passenger Vehicles sales summary (Domestic) – November 2022
| November | October | YTD October | ||||
| F23 | F22 | % Change | F23 | F22 | % Change | |
| Utility Vehicles | 30,238 | 19,384 | 56% | 2,29,516 | 1,31,434 | 75% |
| Cars + Vans | 154 | 74 | 108% | 1,897 | 1,509 | 26% |
| Passenger Vehicles | 30,392 | 19,458 | 56% | 231,413 | 132,943 | 74% |
*Above Domestic Sales Includes sales made in subsidiary company Mahindra Electric Mobility Ltd
Commercial Vehicles and 3 Wheelers Sales Summary (Domestic) – October 2022
| November | October | YTD October | ||||
| F23 | F22 | % Change | F23 | F22 | % Change | |
| LCV <2T | 2,643 | 2,409 | 10% | 28,813 | 18,679 | 54% |
| LCV 2 T – 3.5 T | 16,193 | 12,049 | 34% | 1,29,181 | 77,649 | 66% |
| LCV > 3.5T + MHCV | 755 | 521 | 45% | 5,653 | 3,737 | 51% |
| 3 Wheelers (including electric 3Ws) | 5,198 | 2,564 | 103% | 35,859 | 16,876 | 112% |
Exports – October 2022
| November | October | YTD October | ||||
| F23 | F22 | % Change | F23 | F22 | % Change | |
| Total Exports | 3,122 | 3,101 | 1% | 21,633 | 20,654 | 5% |
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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