Mahindra & Mahindra vehicle sales rise 26% to 83,691 units in July

Mahindra & Mahindra on Friday posted a 26 per cent year-on-year increase in total sales at 83,691 units in July, as compared to 66,444 units in the same month last year.

In the utility vehicles segment, the Mumbai-based automaker sold 49,871 units in the domestic market, a growth of 20 per cent, as compared to 41,623 units in July last year.

"Our SUV growth has been supported by the recent launch of XUV 3XO 'REVX' Series & the commencement of deliveries for Pack two variants of the BE 6 and XEV 9E models, Mahindra & Mahindra (M&M) CEO Automotive Division Nalinikanth Gollagunta said.

The company said its tractor sales in the domestic market stood at 26,990 units last month, as against 25,587 units in July 2024, a growth of 5 per cent.

Total tractor sales (domestic and exports) last month were at 28,708 units, as against 27,209 units for the same period last year.

"This performance was driven by sustained land preparation activities, supported by robust cash flows in rural markets following the conclusion of Rabi crop harvesting," M&M President - Farm Equipment Business Veejay Nakra said.

Additionally, the normal progression of monsoon across most regions further contributed to good demand during the onset of sowing for the Kharif season, he added.

"In the exports market, we have sold 1,718 tractors, a growth of 6 per cent over last year," Nakra said.