Mahindra & Mahindra total sales grow 37% to 64,335 units in January

Auto major Mahindra & Mahindra (M&M) Ltd on Wednesday posted a 37 per cent growth in total vehicle sales at 64,335 units in January.

It had registered a total sales of 46,808 units in January 2022.

The total passenger vehicles sale was up 65 per cent at 33,040 units compared to 19,646 units sold in January 2022.

The utility vehicle domestic sales during the previous month grew 66 per cent at 32,915 units as against 19,848 units in January 2022 despite disruptions in the supply chain of crash sensors and airbag ECUs due to the unavailability of semiconductors, the company said in a statement on Wednesday.

The commercial vehicles domestic sales increased 3 per cent at 21,724 units in January 2023 as against 21,111 units in the corresponding period last year.

Exports grew 5 per cent at 3,009 units in January from 2,865 vehicles shipped out in the year-ago period, the company said.

The company also sold 6,562 three-wheeler units, including electric three-wheelers, in the domestic market, registering a growth of 129 per cent over the same month last year, it said.

"Our utility vehicles saw a growth of 66 per cent and we saw an overall growth of 37 per cent. We continue to keep a close watch on the dynamic supply chain situation," Veejay Nakra, President of automotive division at M&M Ltd, said.