Mumbai, Oct 1
Mahindra and Mahindra Limited (M&M Limited), one of India's top automobile manufacturers, on Wednesday recorded overall auto sales of 1,00,298 vehicles in September -- a 16 per cent growth compared to the same month last year.
The company also reported a record surge in customer demand during the Navratri festive season, with SUV retails rising by more than 60 per cent and commercial vehicle retails growing by over 70 per cent in the first nine days of the festival.
In the utility vehicles segment, Mahindra sold 56,233 units in the domestic market, a 10 per cent increase from last year, while total UV sales including exports reached 58,714 units.
The company's domestic commercial vehicle sales stood at 26,728 units -- reflecting 18 per cent growth.
However, the company noted that SUV billing numbers in September were slightly impacted due to a shortage of trailers in the last 10 days of the month.
Commenting on the performance, Nalinikanth Gollagunta, CEO of Mahindra's Automotive Division, said that the robust growth was supported by GST 2.0 and pent-up demand ahead of the festive season.
"In September, we achieved SUV sales of 56,233 units, a growth of 10 per cent and total vehicle sales of 1,00,298 units, a 16 per cent growth compared to the same month last year," he said.
"Thanks to strong festive demand, we witnessed over 60 per cent growth in SUV retails and over 70 per cent growth in CV retails during the first nine days of Navratri compared to last year," he added.
On the exports front, Mahindra shipped 4,320 vehicles in September, registering a 43 per cent jump year-on-year.
In the three-wheeler segment, including electric models, the company sold 13,017 units in the domestic market, posting 30 per cent growth.
— IANS
Reader Comments
Amazing growth numbers! The 60% jump in SUV retails during Navratri shows how much Indians trust Mahindra for family vehicles. Hope they can fix the trailer shortage issue soon.
Impressive export growth of 43%! Mahindra is truly becoming a global brand. The electric three-wheeler sales growth at 30% is also noteworthy for sustainable mobility.
While the numbers look good, I hope Mahindra focuses on improving after-sales service. My XUV700 has been facing some niggling issues. Good performance should be backed by good service.
Commercial vehicle growth of 18% and 70% during Navratri is fantastic! This indicates strong economic activity and small business growth. Mahindra Bolero and Jeeto are workhorses for Indian entrepreneurs.
The timing with GST 2.0 and festive season seems perfect. Many families prefer buying vehicles during auspicious periods like Navratri. Smart strategy by Mahindra to capitalize on this tradition.
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