Mahindra & Mahindra has reported wholesales of 34,694 SUVs, which marks solid 57% year-on-year growth (April 2022: 22,168 units). Compared to March 2023 sales of 35,997, April 2023 numbers are down 3.61% month on month. The company also sold four sedans/vans last month, down 99% on April 2022’s 358 units.
M&M’s performance comes despite disruptions in the supply chain of crash sensors and airbag ECUs due to unavailability of semiconductors. According to Veejay Nakra, President, Automotive Division, M&M Ltd., “After a record-breaking year in FY2023, we continued our growth trend in SUVs by selling 34,694 units, registering a growth of 57% in April. We continue to keep a close watch on the dynamic supply chain situation, which is an industry phenomenon.”
In the electric vehicle segment, M&M has made robust gains on the retail front. As per Vahan data, the company has sold a total of 499 units in April 2023, which gives it a market share of 9.69% and puts it into second place behind EV market leader Tata Motors.