Mahindra & Mahindra Reports 20% Surge in May Sales

Mahindra & Mahindra experienced a 20% boost in vehicle sales in May, with a total of 99,636 units sold, including exports. Growth in utility and commercial vehicle segments contributed to this increase despite supply chain challenges.

Mahindra & Mahindra has reported a significant 20% increase in vehicle sales for May, with totals reaching 99,636 units, inclusive of exports.

The company recorded 58,021 units sold in the domestic utility vehicle segment alone, marking an 11% rise compared to the previous year. Including exports, total utility vehicle sales reached 59,573 units. Domestic sales for commercial vehicles saw a 19% surge, totaling 24,079 units. Nalinikanth Gollagunta, CEO of the Automotive Division, referenced ongoing supply chain challenges, yet hailed the robust demand fueling this sales growth.