July 4, 2022
Blog Admin
In June 2022 Mahindra records 60% YoY growth in SUV sales
Mahindra’s June 2022 SUV sales stood at 26,620 units, recording a 60 per cent YoY growth.
However, when compared on an MoM basis, the sales declined by a mere 0.04 per cent as compared to in May 2022, when it sold 26,632 units. The company’s total passenger vehicle sales for the month of June 2022 stand at 26,880 units, a YoY increment of 59 per cent over the 16,913 units sold in June last year.
Relishing the development, Veejay Nakra, President, Automotive Division, M&M Ltd., said, “Q1FY23 is our second consecutive highest SUV sales quarter.We sold 26,620 SUVs in June and overall, 54096 vehicles, registering a growth of 64%.This has been made possible due to continued robust demand for all our brands including XUV700, Thar, Bolero and XUV300. ”
He added, “We had a blockbuster launch of the Scorpio-N and it has generated tremendous buzz and anticipation. The supply chain situation continues to remain dynamic; we are monitoring the situation closely.”
The all-new Mahindra Scorpio-N was recently launched in India and it’s priced from Rs 11.99 lakh to Rs 19.49 lakh, ex-showroom, for the manual variants.
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