Mahindra Clocks Robust 13% Sales Growth in April, Registers 70,471 Unit Sales

Mahindra & Mahindra's April sales climb 13% to 70,471 units. Passenger vehicle sales rose 18% while tractor sales grew 2%. Exports increased 2%. The company credits strong mandi arrivals and IMD's monsoon forecast for positive rural sentiments.

Mahindra & Mahindra on Thursday said its total wholesales increased 13 per cent year-on-year to 70,471 units in April as compared to the same month last year.

The company's total dispatches to its dealers stood at 62,294 units in April 2023.

The Mumbai-based auto major's passenger vehicle sales in the domestic market rose 18 per cent to 41,008 units last month against 34,698 units in April 2023, it said in a statement.

Total exports increased 2 per cent to 1,857 units last month from 1,813 units in the year-ago period.

The company said its tractor sales in April 2024 rose 2 per cent to 37,039 units as against 36,405 units in the same period last year.

''Government's wheat procurement operations are going on in full swing with good mandi arrivals, keeping the rural cash flows healthy,'' M&M President,“ Farm Equipment Sector Hemant Sikka said.

IMD's forecast of an above normal monsoon rains and festivals in the month of April have helped bring positivity in rural sentiments, he added.

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