GoMechanic
Use Code BLOG50 on the
app and get upto 50% OFF
Friday, March 29, 2024
HomeFeatured ArticlesMahindra Sales October 2022 | Festive Indeed!

Mahindra Sales October 2022 | Festive Indeed!

Another month, another sales report. This time we have India’s very own SUV maker Mahindra in the house. Here’s how the OEM did in October 2022; the month of festivities.

Mahindra Sales October 2022

New Mahindra Logo
New Mahindra Logo

With the likes of Scorpio N, Thar, XUV 700 and XUV 300 up its sleeve, Mumbai-based Mahindra and Mahindra announced a total sale of 61,114 vehicles for the festive month of October 2022.

Subscribe To The GoMechanic YouTube Channel

Breaking up the big number, the passenger car segment that includes UVs, cars and vans sold a huge 32,298 vehicles while utility vehicles alone clocked in as many as 32,226 units which is a 60.45% growth for the company on a YoY basis as compared to the 20,034 units sold in October 2021. This has proudly made the OEM the biggest SUV seller in India for the 2nd time in a row.

Mahindra Cars Sales Difference Growth
October 2022 32,298 12,168 Units 60.45% YoY
October 2021 20,130

 

Passenger Vehicle Sales Summary (Domestic) October 2022
Category October YTD October
Utility Vehicles 32,226 20,034 61% 199278 112050 78%
Cars + Vans 72 98 -25% 1743 1435 21%
Passenger Vehicles 32,298 20,130 60% 201,021 113,485 77%

 

But what’s even better for Mahindra is its Year to Date number (YTD) which has swung up by 78% YoY with 1,99,278 units (YTD in FY23) over 1,12,050 units (YTD in FY22). While Cars and Vans including KUV 100, Marazzo and e-Verito don’t account for significant sales, even then the YTD in FY23 stood at 1,743 units, up from 1,435 units clocking a green growth of 77% despite a YoY decline of 25%. YTD sales in FY23 for Mahindra finally crossed the 2 lakh threshold when compared to 1,13,485 units sold a year ago in FY22, clocking in an impressive 77% growth.

Also Read: 5 Common Problems With The Mahindra XUV 700

Exports

Coming to exports, the month of October did not bring much luck, with 2,755 units exported as compared to the 3,174 units exported a year ago marking a 13% YoY decline. However, YTD export sales in FY 23 went up to 18,511 units up from 17,553 units a year ago, accounting for little growth of about 5%.

Celebrations for Mahindra

Upcoming EV Cars In India Teased
3 Upcoming EV Cars In India Teased By Mahindra

While the export and cars + vans segment did show a bit of a decline, overall the festive month of October has brought a lot of luck for the OEM. According to the President of, the Automotive Division, M&M Ltd., Veejay Nakra, “Our sales volume continued to grow in October on the back of strong festive demand. We sold 32,226 SUVs in October, registering a growth of 61% fuelled by robust demand across our portfolio”.

Must Read:Maruti Suzuki Brezza CNG | All You Need To Know

Sankul Nagpal
Sankul Nagpal
Advocate || Creative and Legal Content and Copyright Specialist || Freelancer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Trending Articles