Among the many vehicle brands in India, Mahindra & Mahindra (M&M) has cemented its position as one of the leading automobile manufacturers. The company previously announced sales of its domestic passenger vehicle for May 2022, showing robust growth. M&M reported 236% year-over-year (YoY) sales growth with 26,904 units sold in May 2022 compared to 8,004 units in May 2021. M&M’s overall automotive sales for May 2022 were 53,723 vehicles.
In the commercial vehicle segment, M&M sold 26,632 vehicles in May 2022 with a jump of 244% year-on-year (YoY). For commercial vehicles, the company sold 21,149 vehicles in May 2022, and total exports for the month saw a 5% increase with 2,028 vehicles exported last month compared to May 2021. Overall, Mahindra & Mahindra has been on an upward trend. in the sales of its vehicles in different segments.
With the company showing steady growth in vehicle sales, Mahindra & Mahindra has an attractive portfolio of vehicles in the pipeline. Mumbai-based entrepreneur and leading car dealer Karan Asrani is overwhelmed by the bumper sales of M&Ms throughout the year. Mr. Asrani is the CEO of Krishna Group, which is associated with Mahindra & Mahindra. Moreover, his company is associated with the other automotive giants like Mahindra First Choice, Tata Motors and My TVS.
While Krishna Group deals in the sale of passenger vehicles and commercial vehicles, Karan is excited about the launch of M&M’s Scorpio-N. The vehicle has already aroused great enthusiasm and is already attracting great interest from customers. The unveiling of Scorpio-N is expected to take place across India on June 27, 2022. Mr. Asrani further joked that there have been a lot of inquiries about the dealership of Mahindra & Mahindra.
On top of that, he said, “The Scorpion is a beast that has its own heritage in the Indian market. We have customers who have owned Scorpio for over 15 years. They are loyal to the model, and I can’t wait for the new model to launch soon. More so, Karan Asrani gloats over how commercial vehicles have seen drastic growth in the Indian retail market. For light duty vehicles, M&M’s Bolero City Pickup was a huge hit as they were sold like pancakes by Karan Asrani’s Krishna Group.
In conclusion, Karan Asrani said that he is waiting for the launch of automobiles in the electric vehicle segment. As EVs continue to increase in number across India, the entrepreneur is confident that M&M will once again have its dominance in the EV market.