Mahindra & Mahindra Ltd. (M&M Ltd.) today announced that its overall car sales for April 2022 were 45,640 units. Mahindra sold 22,168 cars in the commercial vehicle segment in April 2022. In April 2022, the passenger vehicle segment (which includes SUVs, cars and pickup trucks) sold 22,526 units. Exports for the month totaled 2,703 vehicles.
Mahindra Tractors sold 17,402 commercial vehicles in April 2022, up 23% from the previous month. In April 2022, the 2T, Pickup (2T to 3.5T), >3.5T and heavy-duty light commercial vehicle segments all continued to grow.
“We continued our growth trajectory in the SUV market with sales of 22,168 vehicles, registering an increase of 22%,” said Veejay Nakra, president of the automotive division of M&M Ltd. Our Commercial Vehicles division experienced growth in all areas and exports increased by 35%. Demand for our products remains high, with strong booking figures and a strong pipeline. Due to China’s shutdown, there have been a lot of supply chain issues. We will continue to monitor the situation closely and take corrective action if necessary.”
Similarly, the Mahindra Agricultural Equipment Sector (FES) has released its sale of tractors April 2022 figures, with domestic sales of 39,405 units in April 2022 compared to 26,130 units in April 2021.
In April 2022, total tractor sales (domestic + exports) were 40,939 units, compared to 27,523 units in the same month the previous year. Exports for the month totaled 1,534 units.
“We sold 39,405 tractors domestically in April 2022, up 51% from last year,” said Hemant Sikka, President of Agricultural Equipment Business, Mahindra & Mahindra Ltd. Demand drivers were on track, resulting in solid growth for our business. The Rabi harvest is going well in most markets. Due to the current global situation and India’s large wheat exports, the demand for the Indian wheat crop has been extremely strong, resulting in farmers receiving higher open market prices for their production than the MSP. Oilseeds also have a higher market price in the local market.
“IMD and Skymet predicted a normal monsoon this year, which speaks well for the upcoming Kharif season and will help the tractor sector to continue to develop. We sold 1,534 tractors to the export market, which is a 10% increase from the previous year,” he added.
First published: May 03, 2022, 10:45 a.m. IST