Mahindra & Mahindra passenger vehicle sales up by 21% in June

India's automotive giant Mahindra & Mahindra reported a 21 per cent increase in domestic passenger vehicles sales on Monday. It sold 32,588 units in June 2023, as compared to 26,880 units of passenger vehicles in the same month last year.

Domestic sales of utility vehicles were at 32,585 units last month, as against 26,620 units in 2022, registering a growth of 22 per cent, Mahindra & Mahindra said in a statement.

"With strong demand for the SUV portfolio, we have continued our growth trend with domestic sales of 32,585 units and 22 per cent growth in June," M&M Ltd President, Automotive Division Veejay Nakra said.


However, SUV volumes were restricted by a short-term disruption in engine-related parts at the supplier end, he added.

"The constraints on semiconductor related parts like air bag ECU continued during the month too," Nakra said.

Sales of three-wheelers, including electric 3Ws, registered a growth of 59 per cent. As many as 6,377 units were sold in June 2023, as compared to 4,008 units in year-ago period.