Mahindra & Mahindra Posts Impressive Growth in Auto and Tractor Sales

Mahindra & Mahindra reported a notable 14% year-on-year increase in auto sales for June. Utility vehicle sales surged by 18%, and domestic three-wheeler sales saw a 37% rise. The company's tractor sales, including exports, also grew by 13%. Their CEO celebrated the record-breaking quarterly SUV sales.

Mahindra & Mahindra demonstrated robust performance in June, announcing a 14% rise in overall auto sales. Their utility vehicle sales reached 47,306 units, marking an 18% increase, while domestic three-wheeler sales jumped 37% to 8,454 units.

Accompanying the positive trend, the three-wheeler segment recorded an impressive 37% growth compared to June last year. Exports, however, showed a modest hike of 1% to 2,634 units.

In the farm equipment sector, tractor sales grew by 13%, achieving 53,392 units. This, alongside a 13% increase in exports, paints a promising picture for Mahindra & Mahindra, which wrapped up the quarter with record-breaking SUV sales.

(With inputs from agencies.)