Thar, Bolero Neo, Scorpio N, and XUV700 boost Mahindra SUV sales for March as company reports 21% growth
Mahindra & Mahindra reported selling 35,976 SUVs in India during the month of March. The automaker experienced its highest-ever increase in the segment of 31%. With 66,091 units sold, the business achieved its highest-ever revenue total. Mahindra & Mahindra reported a 21% increase in overall revenue.
The company’s sales have risen ever since Mahindra Thar’s release in 2020. Sales in March were boosted by the Mahindra XUV700, Bolero Neo, and Scorpio-N. The waiting time for the majority of these SUVs is longer than 18 months.
Veejay Nakra, President, Automotive Division, M&M Ltd. said “Our SUV business recorded all-time high numbers, with a growth of 31% in March 2023, while it recorded a 60% overall growth in F23, on the back of good demand across the portfolio.”
“We would like to thank our associates, dealers, partners, suppliers, and customers, who have made this a remarkable year,” he further added.