Mahindra Auto Sales: Mahindra & Mahindra recently released the June 2023 sales report. In this, the company reported that they have registered a growth of 21 per cent year-on-year in the domestic passenger segment. Mahindra & Mahindra’s vehicle sales rose 21 percent year-on-year to 32,588 units in June this year. The company said it sold 26,880 vehicles in June last year. Mahindra & Mahindra (M&M) sold 32,585 vehicles in the domestic market in June 2022, up 22 percent from 26,620 vehicles sold in the same month a year ago.
SUV production stopped
Vijay Nakra, President, Automotive Division, M&M Ltd. Said, “With strong demand in the SUV (Sports Utility Vehicle) segment, we continued our growth streak with a 22 percent growth in the domestic market at 32,585 units in June. . However, production of the SUV was halted for some time due to non-delivery of engine-related parts by the supplier, he added.
Semiconductor problems
Impairments also continued during the month for semiconductor-related components such as air bag ECUs, Nakara said. According to a PTI-Bhasha report, the company said sales of three-wheelers, including electric three-wheelers, stood at 6,377 units in the month under review. This is 59 percent more than the 4,008 vehicles sold in June 2022.
