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Mahindra records highest ever SUV sales for second consecutive month

Mahindra announced that it recorded 87% year-over-year growth in domestic passenger vehicle (PV) sales in the month of August 2022. The automaker recorded total PV sales of 29,852 during the months against 15,973 in the same period last year. Sales of SUVs also increased by 87%, from 15,786 in August 2021 to 29,516 units in August 2022. Sales of cars and vans were also up 80% year-on-year, with Mahindra having sold 336 units in August 2022 against 187 units. at the same time last year. Mahindra recorded a 6.4% month-on-month sales growth as it sold 29,852 passenger vehicles in the month of August 2022, compared to 28,053 passenger vehicles in July.

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Mahindra’s SUV sales continue to rise as it posted the highest monthly SUV sales on record for the second month in a row.

Commenting on the performance, Veejay Nakra, President of Automotive Division of M&M Ltd. said: “August was a very exciting month with launches in many segments for us. Demand in our portfolio remains strong and is bolstered by the successful launches of Scorpio-N, Scorpio Classic and the new Bolero MaXX Pik-up. We recorded the highest SUV volume ever with 29,516 in August, recording an 87% growth from August 21.

Mahindra’s three-wheeler segment grew 85% year-over-year.

Moving to Mahindra’s commercial vehicle arm, sales of light commercial vehicles (LCVs) under 2 tons increased by 125% from 1,734 units in August 2021 to 3,896 units in August 2022, while sales of LCVs between 2 tonnes and 3.5 tonnes have also increased significantly. 157%, from 6,595 to 16,940. Sales of light commercial vehicles over 3.5 tons and medium and heavy commercial vehicle segments were up 28% year-on-year, with Mahindra selling 656 units. Sales of three-wheelers also increased by 85% to 4,793 units.

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The Mahindra Scorpio-N saw over 1 lakh bookings within the first 30 minutes of bookings opening.

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In terms of exports, Mahindra exported 2912 units in the month of August 2022, marking an 8% drop from August 2021 figures. Mahindra also recently launched the Scorpio, and the SUV garnered up to 1 lakh in bookings within the first 30 minutes of opening bookings. Deliveries of the SUV are expected to start in Navratri 2022, and Mahindra plans to deliver 20,000 units of the SUV before the end of this year.