Mahindra’s Sales April 2022 : Mahindra’s sales increased by 25% in April, 22% increase in the SUV segment
The month of April has seen a significant increase in sales of Tata and Mahindra. These two companies have captured the SUV market. Mahindra’s sales have increased by 25 percent in April. The company has increased the SUV segment by 22%.
Mahindra’s Sales April 2022
Automaker Mahindra & Mahindra has released its April sales report. Mahindra & Mahindra (M&M) said on Monday that its total sales in April rose 25 percent to 45,640 units. The company had total sales of 36,437 units in April 2021.
Mahindra’s Sales April 2022 : Sales of passenger and commercial vehicles
In the domestic market, Mumbai-based Auto Pramukh’s passenger vehicle sales rose 23 percent to 22,526 units last month from 18,285 units in April last year, the auto chief said in a statement. Sales of commercial vehicles last month rose to 20,411 units from 16,147 units in April 2021. The company said its exports last month stood at 2,703 units, up from 2,005 units in the same period a year ago.
Increase in the SUV segment
Vijay Nakra, Chairman (Automotive Division), Mahindra & Mahindra, said, “We saw a 22 percent growth in the SUV segment with sales of 22,168 vehicles.” Our commercial vehicles have grown in all sectors and exports have also increased by 35 percent. Demand for products remains strong with strong booking numbers and pipelines, he said.
Total sales of tractors
Nakra said there were many supply chain challenges due to the lockdown in China. We are closely monitoring the developments and will take appropriate action. The Mumbai-based company said its total domestic sales in the agricultural equipment sector last month stood at 39,405 units as against 26,130 units in April 2021. Last month, total sales of tractors stood at 40,939 units as against 27,523 units a year ago. Exports in April stood at 1,534 units.
Continuous development of the tractor industry
Hemant Sikka, M&M Chairman, Agricultural Equipment Sector, said that our business saw strong growth and demand increased. Rabi harvesting has made good progress in the markets. Between the current global situation and high wheat exports from India, the demand for Indian wheat crop has been very high and this has benefited the farmers. He said that farmers are getting higher value in the open market for their produce as compared to MSP. In addition, oilseeds are gaining higher market value in the domestic market. Sikka said both IMD and Skymet have forecast a normal monsoon for this year and it is very good for the upcoming Kharif season and will support sustained growth for the tractor industry.