Mahindra posted a 26 per cent YoY rise in total sales to 83,691 units in July. SUV sales grew 20% to 49,871 units, supported by new launches. Tractor sales rose 5 per cent domestically and 6 per cent in exports. Strong rural demand and favourable monsoon supported growth, the company said.
-1754033785440_d.png "Mahindra & Mahindra vehicle sales up 26 pc to 83,691 units in July")
Representational Image. File Pic
Mahindra & Mahindra on Friday posted a 26 per cent year-on-year increase in total sales at 83,691 units in July, as compared to 66,444 units in the same month last year.
In the utility vehicles segment, the Mumbai-based automaker sold 49,871 units in the domestic market, a growth of 20 per cent, as compared to 41,623 units in July last year. "Our SUV growth has been supported by the recent launch of XUV 3XO 'REVX' Series & the commencement of deliveries for Pack two variants of the BE 6 and XEV 9E models," Mahindra & Mahindra (M&M) CEO Automotive Division Nalinikanth Gollagunta said.
The company said its tractor sales in the domestic market stood at 26,990 units last month, as against 25,587 units in July 2024, a growth of 5 per cent. Total tractor sales (domestic and exports) last month were at 28,708 units, as against 27,209 units for the same period last year.
"This performance was driven by sustained land preparation activities, supported by robust cash flows in rural markets following the conclusion of Rabi crop harvesting," M&M President - Farm Equipment Business Veejay Nakra said.
Additionally, the normal progression of monsoon across most regions further contributed to good demand during the onset of sowing for the Kharif season, he added. "In the exports market, we have sold 1,718 tractors, a growth of 6 per cent over last year," Nakra said.
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.
Subscribe today by clicking the link and stay updated with the latest news!" Click here!
