Mahindra & Mahindra posts 87 laptop soar in home passenger automobiles gross sales in August

Mahindra & Mahindra on Thursday reported an 87 per cent enhance in home passenger automobiles gross sales at 29,852 items in August.
The firm had bought 15,973 items in the identical month final yr, M&M stated in a regulatory submitting.’

Sales of vehicles and vans have been at 336 items within the month underneath overview, up from 187 items within the year-ago month.

In the industrial automobiles section, the corporate stated it bought 21,492 automobiles in August 2022, as in opposition to 8,814 items in the identical month final yr.

M&M President, Automotive Division Veejay Nakra stated the demand throughout the corporate’s portfolio remained sturdy and new launches comparable to Scorpio-N, Scorpio Classic and new Bolero MaXX Pik-up additionally helped in driving development.

“The supply chain situation continues to remain dynamic for select product lines and we are taking appropriate actions to minimize impact,” he added.

In the tractors section, M&M stated complete gross sales grew marginally to 21,520 items final month, as in comparison with 21,360 items in August 2021.
Domestic tractor gross sales have been at 20,138 items as in opposition to 19,997 items within the year-ago month, whereas exports have been at 1,382 items final month, as in opposition to 1,363 items in August 2021.

“We are optimistic that tractor purchases on auspicious days in the festive season will lead to revival in demand, as farmers start preparation for harvesting operations. We are preparing for strong tractor demand in the festive season,” M&M President – Farm Equipment Sector Hemant Sikka stated.