Mahindra Sales Rose 17% In May At 71,682 Units

Mahindra & Mahindra said on Saturday that its total wholesales increased 17 per cent year-on-year to 71,682 units in May.

The company's total dispatches to its dealers stood at 61,415 units in May 2023.

The Mumbai-based auto major's passenger vehicle sales in the domestic market rose 31 per cent to 43,218 units last month against 32,886 units in May 2023, it said in a statement.

Exports rose 2 per cent year-on-year to 2,671 units last month from 2,616 units in May 2023.

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Mahindra's Farm Equipment Sector (FES) reported a 9 per cent increase in total tractor sales at 37,109 units as against 34,126 units for the same period last year.

"Coupled with the timely arrival of the southwest monsoon in Kerala and northeast states and the forecast of an above normal monsoon, this has improved the on-ground sentiments of farmers," Mahindra & Mahindra President, Farm Equipment Sector, Hemant Sikka, said.

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Land preparation activities for Kharif crops are expected to begin on time, which is likely to boost tractor demand in the coming months, he added.