Mahindra & Mahindra Ltd. (M&M Ltd.), one of India’s leading automotive companies, today announced that its overall auto sales for the month of February 2022 stood at 54,455 vehicles.
In the Utility Vehicles segment, Mahindra sold 27,551 vehicles in February 2022. The Passenger Vehicles segment (which includes UVs, cars and vans) sold 27,663 vehicles in February 2022. Exports for the month were at 2,814 vehicles.
In the Commercial Vehicles segment, Mahindra sold 20,166 vehicles in February 2022, with a growth of 119%. All the Light Commercial Vehicle Segments of <2T, Pickups (2T to 3.5T), >3.5T and the heavy commercial vehicles continued their robust growth trajectory in February 2022.
According to Veejay Nakra, Chief Executive Officer, Automotive Division, M&M Ltd., “With an overall sale of 54,455 vehicles, we have achieved a growth of 89% in February 2022. All segments showed robust growth, including SUVs at 79%, which registered the highest ever monthly volume. We expect demand to continue to remain strong as the Covid situation eases further. We continue to closely monitor the semi-conductor related parts supply and take corrective action as appropriate.”
Passenger Vehicles Sales Summary (Domestic) – February 2022
| Category | February | YTD February | ||||
| F22 | F21 | % Change | F22 | F21 | % Change | |
| Utility Vehicles | 27,551 | 15,380 | 79% | 196,302 | 138,887 | 41% |
| Cars + Vans | 112 | 11 | 918% | 1,990 | 1,629 | 22% |
| Passenger Vehicles | 27,663 | 15,391 | 80% | 198,292 | 140,516 | 41% |
*Above Domestic Sales Includes sales made in subsidiary company Mahindra Electric Mobility Ltd
Commercial Vehicles Sales Summary (Domestic) – February 2022
| Category | February | YTD February | ||||
| F22 | F21 | % Change | F22 | F21 | % Change | |
| LCV <2T | 4,048 | 1,175 | 245% | 28,533 | 22,148 | 29% |
| LCV 2 T – 3.5 T | 15,431 | 7,446 | 107% | 123,141 | 113,417 | 9% |
| LCV > 3.5T + MHCV | 687 | 581 | 18% | 5,606 | 3,478 | 61% |
| 3 Wheelers (including electric 3Ws) | 3,812 | 2,357 | 62% | 26,036 | 16,064 | 62% |
Exports – February 2022
| Category | February | YTD February | ||||
| F22 | F21 | % Change | F22 | F21 | % Change | |
| Total Exports | 2,814 | 1,827 | 54% | 29,350 | 16,255 | 81% |
SOURCE: Mahindra
