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    M&M auto sales up 17 per cent at 75,604 units in September


    Mahindra & Mahindra (M&M) has reported a 17% increase in its auto sales for September 2023, with overall sales reaching 75,604 units. Passenger vehicle sales saw a growth of 20%, while utility vehicle sales also increased by 20%. However, M&M had no sales of cars and vans last month. The company attributed the strong demand for SUVs but expressed concerns about the availability of semiconductors and select components.

    PV Segment: M&MAgencies
    Auto major Mahindra & Mahindra on Sunday reported a 17 per cent year-on-year growth in overall auto sales at 75,604 units in September 2023.

    Passenger vehicle 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.

    It 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.

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

    "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," said Veejay Nakra, M&M President, Automotive Division.

    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.

    The company reported a standalone net profit of Rs 2,774 crore for the quarter ended June 2023, up 98 per cent from Rs 1,404 crore clocked in the last year period.
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