Mahindra & Mahindra Ltd on Thursday reported a 22 per cent increase in passenger vehicle sales at 32,886 units in May, as compared to the same month last year.

The company had posted a total passenger vehicle sales of 26,904 units in May 2022, Mahindra & Mahindra (M&M) said in a regulatory filing.

Utility vehicles sales last month were at 32,883 units, as against 26,632 units in the year-ago period, a growth of 23 per cent, it added.

Also read: Bajaj Auto sales rise 29% to 3,55,148 units in May

Sales of cars and vans were at 3 units as compared to 272 units in May last year.

"We continue our growth trend, backed by strong demand in SUVs," M&M President, Automotive Division Veejay Nakra said.

He, however, said, "The sales volume for both SUVs and 'Pik-Ups' were restricted by a short-term disruption in engine-related parts at the supplier-end. The semiconductor supply constraints on specific parts like Air Bag ECU, continued during the month too."

Also read: Hyundai Motor sales in May rises 16% to 59,601 units

Total exports were at 2,616 units last month, up 29 per cent from 2,028 units in May 2022, the company said.

Tractor performance

In the farm equipment sector, M&M said its total tractor sales were at 34,126 units as compared to 35,722 units in May last year, down 4 per cent.

Also read: Toyota reports highest-ever monthly sales in May at 20,410 units

Domestic tractor sales declined 3 per cent at 33,113 units as compared to 34,153 units in the same month a year ago.

Tractor exports were also down 35 per cent at 1,013 units from 1,569 units in May 2022, M&M said.

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