According to the data released by the company, Mahindra’s total sales in February 2022 has been 54,455 units and the company has achieved a huge increase of 89 percent in sales compared to February 2021. At the same time, a particularly heavy demand has been registered for the company’s SUVs.
Last month, the company has registered the highest monthly volume in the SUV segment and has registered a bumper growth of 79 percent in the sales of this segment. SUVs like the new Mahindra Thar and XUV700 have contributed strongly to the sales in February 2022 while both these vehicles have a waiting period of several months.
The company’s total sales in the passenger vehicle segment has been 27,663 units, while Mahindra bought 15,391 units of vehicles in the month of February last year. Mahindra’s passenger segment vehicle sales have increased by 80 percent in February this year as compared to last year.
This was a significant increase in demand so far to 1,98,292 units, up 41 per cent as compared to 1,40,516 units sold in the corresponding period last year. Utility vehicle sales grew 79 percent to 27,551 units in February 2022, up from 15,390 units sold in February 2021.
While YTD sales grew by 41 per cent from 1,38,887 units sold in April to February 2021, over 1,96,302 units sold in the same period of 2022. Car and van sales have also seen a significant increase from 112 units sold in February 2022.
Let us inform that in February 2021, the company had sold only 11 units of vehicles in this segment, due to which a growth of 918 percent has been seen in February this year. The YTD figures for the period 2022 were 1,990 units, which is 22 per cent higher than the 1,629 units sold in the same period of 2021.
To further strengthen its presence in the SUV segment, Mahindra is gearing up to launch the updated Mahindra XUV300 sub-compact SUV in India. There has been a growth of 245 percent in the commercial vehicle and three wheeler segment in February 2022.
In the sub-2-ton segment, 4,048 units were sold last month as compared to 1,175 units sold in February last year. YTD sales have increased by 29 per cent to 28,533 units from 22,148 units sold in the same period last year.
LCV sales in the 2-ton to 3.5-tonne category have grown by 107 per cent to reach 15,431 units in February 2022 as against a total of 7,446 units of vehicles sold in this segment in February 2021. This resulted in a growth of 9 per cent in YTD sales to 1,23,141 units as against 1,13,417 units sold in the same period of 2021.
Mahindra has also registered a growth of 54 percent in total exports last month. Exports which were 1,827 units in February 2021 increased to 2,814 units in February 2022. YTD exports grew by 81 per cent to 29,350 units as against 16,255 units shipped in the same period last year.