Mahindra Auto sales rose by 9% YoY in August at 76,755 units

Mahindra sales in August: Mahindra & Mahindra a leading SUV manufacturer in India, on Monday said that its total wholesales have grown 9 per cent on a year-on-year basis. Mahindra recorded total wholesales of 76,755 units in August.

Mahindra recorded a surge in demand for its SUVs. In 2023, the SUV manufacturer’s total dispatches to its dealers stood at 70,350 units in August 2023. August 2024 recorded a surge of 6,405 units on a year-on-year basis.

Mahindra & Mahindra President Farm Equipment Sector Hemant Sikka said, "The upcoming festive season, above normal monsoon, bumper Kharif harvest, and favourable terms of trade for farmers are likely to drive the growth of the tractor industry going forward,"

Mahindra's domestic market sales:

The Mumbai-based auto manufacturer’s passenger vehicle sales in the domestic market saw an upsurge, rising by 16 per cent on a year-on-year basis. As per the company statement, August 2024 recorded domestic sales of 43,277 units last month, registering 6,007 units more as compared to the 37,270 units in August last year.

Mahindra's exports in August 2024:

Mahindra saw a rise of 26 per cent on a year-on-year basis in its exports. The auto manufacturer recorded exports of 3,060 units in August 2024, a rise of 637 units from 2,423 units in the year-ago period.

Mahindra & Mahindra also highlighted that its total tractor sales in August 2024 stood at 21,917 units. This has witnessed an increase of 1 per cent on a year-on-year basis over 21,676 units in the year-ago period.

In August, Mahindra launched the Thar Roxx, the five-door version of Thar in India at an aggressive pricing of Rs 12.99 lakh (ex-showroom) for the base petrol variant and Rs 13.99 lakh (ex-showroom) for the base diesel variant. Thar Roxx is equipped with both petrol and diesel engine options and offers a comprehensive list of features to the customers.

(with PTI inputs)