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Mahindra records 20% increase in January sales to 46,804 units

Total sales of Mahindra and Mahindra increased 19.55% to 46,804 units last month.

Via Automatic table HT
Update on:
February 1, 2022, 05:58 ONLY

File photo of Mahindra XUV700.
File photo of Mahindra XUV700.

Mahindra and Mahindra on Tuesday announced that their total sales for January rose 19.55% to 46,804 units. The automaker’s total sales were 39,149 units in January last year.

The auto group has sold 19,964 passenger cars in the domestic market compared with 20,634 units it sold in January last year.

It registered an increase in commercial vehicle sales at 23,979 units last month compared to 16,229 units in January 2021.

The company exported 2,861 units last month compared with 2,286 units sold in the same month last year. M&M Automotive Division CEO Veejay Nakra said the brand continues its growth trajectory with an overall growth of 20% in January 2022, however, the automaker is also watching closely. There is an ongoing shortage of semiconductors. It plans to take corrective measures as needed.

(Also read | Nissan sales | Sales of Maruti Suzuki | Honda sales | Sales of Hyundai | Sales of Tata Motors | Sales of MG Motor | Sales of Skoda | Kia car for sale)

Mahindra recently announced that their XUV700 SUV has received almost a thousand pre-orders. The company hopes to hit the 10,000 mark on what becomes the fastest SUV to achieve the feat. Mahindra launched the XUV700 SUV last year and it belongs to the MX series. It is powered by a 2.0 liter turbocharger The GDi Stallion petrol engine can produce 195 hp and 380 Nm of torque. It also comes in a variant that comes with the 2.2-litre Commonrail Turbo diesel mHawk producing 153bhp and 360Nm of torque.

Mahindra has also teamed up with an electric two-wheeler manufacturer Electric hero to jointly produce electric vehicles for India. The cooperation between Hero Electric and Mahindra Group is worth it 150 crore and will continue for the next five years.

Date of first publication: February 1, 2022, 05:58 PM IST

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