Mahindra Auto April 2023 vehicle sale across portfolio jumps 36% to 62,294; SUV sale jumps 57% to 34,694
Mumbai: Auto major Mahindra & Mahindra Ltd Tuesday said its overall auto sales for the month of April 2023 stood at 62,294 vehicles.
In the Utility Vehicles segment, Mahindra sold 34,694 vehicles in April 2023, despite disruptions in supply chain of Crash Sensors and Air Bag ECUs due to the unavailability of semiconductors.
The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 34,698 vehicles in April 2023.
Exports for the month were at 1,813 vehicles. In the Commercial Vehicles segment, Mahindra sold 20,231 vehicles in April 2023.
M&M Ltd President, Automotive Division Veejay Nakra said “After a record-breaking year in F23, we continued our growth trend in SUVs by selling 34,694 units, registering a growth of 57% in April.”
Mahindra’s commercial vehicles registered a growth of 16% during this month and we are optimistic about further consolidating our position in the <3.5-ton LCV segment with our recently launched All New range of Bolero Maxx Pik-Up, which promises to be a game changer, he said.
“We continue to keep a close watch on the dynamic supply chain situation, which is an industry phenomenon,” he added.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles
CRR cut, AI ethics push, and SORR benchmark: Experts hail RBI’s pragmatic policy moves
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.
JP Morgan gives 'overweight' rating to Adani Group bonds
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress.
LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).
De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Latest News
UK: Manchester synagogue attack leaves 2 dead, suspect identified as British citizen of Syrian descent Jihad Al-Shamie
Zubeen Garg death case: Assam Police arrest bandmate, co-singer
With heavy hearts, devotees bid farewell to Goddess Durga across Northeast
13, including 10 children, die in two separate Durga idol immersion tragedies in Madhya Pradesh
