Mahindra & Mahindra Ltd.’s total passenger vehicle sales rose 10% year-on-year to 30,538 units in February.
The company continues to sell more than 30,000 SUVs per month despite disruption in supply chain of crash sensors and air bag electronic control units, the company said in a release.
Sales Snapshots (YoY):
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Tractor Sales grew 26% to 25,791 units.
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Sales of medium capacity light commercial vehicles rose 12% to 17,241.
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Three wheeler sales jumped 40% to 5,350 units.
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Exports fell 20% to 2,250 units.
“Record Rabi crop acreage for wheat and oilseeds, high crop prices and better terms of trade for farmers is leading to positive sentiments in the rural markets,” Hemant Sikka, president of farm equipment sector at M&M, said in a statement.
Expected higher Rabi output will improve liquidity in the hands of the farmers, supporting tractor demand, he added.
