Mahindra & Mahindra, the home-grown automaker, has released the monthly sales numbers for February 2022, during which, the company sold 27,663 passenger vehicles in India. Compared to the 19,964 vehicles sold in January 2022, the company saw a huge month-on-month growth of 38.5 per cent. At the same time, compared to 15,391 units sold in February 2021, Mahindra saw a much higher year-on-year growth of 80 per cent. Now, we have to consider the fact that last year during this period, Mahindra did not sell the XUV700, which is currently one of its top-sellers in the company's line-up, so, the growth is merely a one-off anomaly.
In February 2022, Mahindra's cumulative sales from the passenger and commercial vehicle segment, plus exports stood at 54,455 units. That's a huge growth of 89 per cent compared to the 28,777 vehicles sold in February 2021.
Also Read: Mahindra Reports 20% Growth In Volume At 46,804 Units In January 2022
Mahindra's total 3-wheeler sales, including electric vehicles, stood at 3.812 units, up by 62 per cent
Commenting on the company's overall performance, Veejay Nakra, Chief Executive Officer, Automotive Division, Mahindra & Mahindra said, "With an overall sale of 54,455 vehicles, we have achieved a growth of 89 per cent in February 2022. All segments showed robust growth including SUVs at 79 per cent, 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."
Total domestic sales from commercial vehicles, including electric three-wheelers, stood at 23,978 units. Compared to 11,559 commercial vehicles sold during the same month in 2021, Mahindra witnessed a triple-digit growth of 107 per cent in February 2022. The company says that all the Light Commercial Vehicle Segments of a sub-2 tonne, Pickups, over 3.5-tonne vehicles, and the heavy commercial vehicles continued their robust growth trajectory in February 2022.
Mahindra says that all the Light Commercial Vehicle Segments and the heavy commercial vehicles continued their robust growth trajectory in February 2022
As for exports, in February 2022, Mahindra's total exports stood at 2,814 vehicles, a big growth of 54 per cent compared to 1,827 vehicles that were exported during the same month in 2021. At the same time, compared to 2,861 vehicles exported in January 2022, the company saw a marginal decline of 1.6 per cent, on a month-on-month basis.
