Mahindra gain a 56 percent rise in vehicle sales for November 2022
Mahindra & Mahindra said on Thursday that domestic passenger car sales increased by 56 percent to 30,392 units in November 2022. In the same month last year, the business sold 19,458 units, according to M&M's regulatory filing.
Sales of utility vehicles increased by 56 percent to 30,238 units from 19,384 units in the same month last year. In comparison to 74 units sold in the same month last year, 154 units of automobiles and vans were sold this month.
The increase in November revenues, according to M&M President of the Automotive Division Veejay Nakra, was driven by strong demand for the company's whole line of products.
Mahindra said that 19,591 units of commercial vehicles were sold overall last month.
The business noted that overall tractor sales increased 10 percent to 30,528 units from 27,681 units in the same month last year. Domestic tractor sales increased by 12 percent to 29,180 units from 26,094 units in November of the previous year.
According to Veejay Nakra, President of the 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. The supply chain situation continues to be dynamic due to continuing international disruptions. We are keeping a close watch and are taking appropriate steps."
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