M&M total sales up 17% at 75,604 units in September

Mahindra & Mahindra Ltd on Sunday reported a 17 per cent year-on-year growth in overall auto sales at 75,604 units in September 2023.

Passenger vehicles sales were at 41,267 units last month as against 34,508 units in September 2022, a growth of 20 per cent, M&M said in a statement.

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The company further said its utility vehicles sales were at 41,267 units as against 34,262 units in the year-ago month, up 20 per cent.

M&M had nil sales of cars and vans last month although it sold 246 units in the category in September 2022.

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"While demand for our key SUV brands continues to be strong, we are keeping a close watch on the availability of semi-conductors and select components to meet the strong festive season demand," M&M President, Automotive Division, Veejay Nakra said.

M&M said its total exports declined 5 per cent last month at 2,419 units as compared to 2,538 units in September 2022.