Mahindra & Mahindra Ltd.’s auto phase posted an general gross sales of 46,804 items in January, an increase of 19.52% over the previous month, whilst the corporate proceed to carefully monitor the chip scarcity associated elements crunch.
M&M’s passenger automobile gross sales too rose 12.65% over December to 19,964 items in January.
“Regardless of varied world provide chain challenges, we fulfilled our dedication of billing the primary 14000 XUV700s by January 2022 and have registered near 1,00,000 bookings since launch, a serious milestone within the Indian SUV Trade,” Veejay Nakra, CEO of Automotive Division at M&M, stated within the assertion.
The Farm Tools phase gross sales additionally noticed a pointy rise in gross sales because the tractor gross sales jumped 24.15% over the previous month to 22,682 items in January.
Hemant Sikka, President of the Farm Tools sector at M&M, stated that it expects the momentum to recuperate within the coming months on account of fine progress of Kharif procurement bringing liquidity within the arms of farmers and Rabi acreage displaying indicators of development over final yr.