Mahindra posts robust sales volume in November 2022
Modified On Dec 03, 2022 03:44 PM
The Bolero pikup segment recorded a 34% jump
Mahindra and Mahindra, one of India’s top commercial vehicle maker brands posted a strong sales volume in November. Full-range CV maker, Mahindra is a leader in India’s small and light commercial vehicle segment with a strong portfolio including the popular Bolero pikup, Supro Profit Truck, and Jeeto.
According to the number announced by the company, all segments of commercial vehicles have registered double-digit growth, indicating a strong demand for trucks in the market. In the November 2022 sales number, Mahindra’s light truck segment (2-3.5-tonne GVW), posted a total sale of 16,193 units up 34%, followed by light trucks (above 2-tonne GVW) of 2,643 units up 10%. The light, medium, and heavy trucks segment posted a sales volume of 755 units growing by 45%. While the three-wheelers (including the fast-growing electric vehicle) category sold 5,198 units, a growth of a whopping 103%.
Speaking on the company’s performance in the month, Veejay Nakra, President, Automotive Division, M&M, “Our sales volume continued to grow in November powered by robust demand across our portfolio. We sold 30,238 SUVs in November, registering a growth of 56%. We have also registered a strong growth of 31% in our Commercial Vehicles. The supply chain situation continues to be dynamic due to continuing international disruptions. We are keeping a close watch and are taking appropriate steps.”
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