Mahindra & Mahindra Reports 20% Surge in May Sales
Mahindra & Mahindra experienced a 20% boost in vehicle sales in May, with a total of 99,636 units sold, including exports. Growth in utility and commercial vehicle segments contributed to this increase despite supply chain challenges.
- Country:
- India
Mahindra & Mahindra has reported a significant 20% increase in vehicle sales for May, with totals reaching 99,636 units, inclusive of exports.
The company recorded 58,021 units sold in the domestic utility vehicle segment alone, marking an 11% rise compared to the previous year. Including exports, total utility vehicle sales reached 59,573 units. Domestic sales for commercial vehicles saw a 19% surge, totaling 24,079 units. Nalinikanth Gollagunta, CEO of the Automotive Division, referenced ongoing supply chain challenges, yet hailed the robust demand fueling this sales growth.
(With inputs from agencies.)
- READ MORE ON:
- Mahindra & Mahindra
- sales
- growth
- vehicles
- May
- utility
- commercial
- domestic
- exports
- supply chain
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