Mahindra’s domestic PV sales down, CV segment grows 47% in January

Mahindra & Mahindra has reported domestic wholesales (PV and CV) of 43,943 units in January 2022, which was 19.2 percent higher than the same period last year.

In the passenger vehicle segment, Mahindra sold 19,964 units, down 3 percent YoY. In the commercial vehicles segment, Mahindra sold 23,973 units (+47% YoY) compared to 16,229 units for the same period last year.

According to Veejay Nakra, CEO, Automotive Division, Mahindra & Mahindra, “We continued our growth trajectory with an overall growth of 20% in January 2022. Our commercial vehicles registered growth across all segments and ended the month with an overall impressive growth of 58%. We launched the ‘Highest Mileage or Give Truck Back’ guarantee on our entire HCV, ICV and LCV truck range, which has received a very positive response from the market. Despite various global supply chain challenges, we fulfilled our commitment of billing the first 14,000 XUV700s by January 2022 and have registered close to 100,000 bookings since launch, a major milestone in the Indian SUV Industry. We continue to closely monitor the semiconductor related parts issue and take corrective action as appropriate.”