Mumbai (Maharashtra) [India], April 3 (ANI): Mahindra and Mahindra on Monday announced a 31 per cent growth in its auto sales for March 2023 with 35,976 units.

The company said it clocked the highest-ever annual sales of its sports utility vehicles (SUVs) at 3,56,961 units, with a 60 per cent growth.

Also Read | IPL 2023 CSK vs LSG Free Live Streaming Online on JioCinema: Get TV Channel Telecast Details of Chennai Super Kings vs Lucknow Super Giants T20 Cricket Match on Star Sports.

In the passenger vehicle segment which includes utility vehicles, cars and vans, the company sold 35,997 units in March 2023, which is a growth of 30 per cent, and recorded an annual sale of 3,59,253 vehicles with a 59 per cent growth.

Veejay Nakra, President, Automotive Division, M&M, said, "We are delighted to close the year with a growth of 50 per cent for the auto sector on annual basis and the highest ever numbers, in almost all segments of the business. Our SUV business recorded all-time high numbers, with a growth of 31 per cent in March 2023, while it recorded a 60 per cent overall growth in FY23, on the back of good demand across the portfolio."

Also Read | Google Blue Check Marks: Tech Giant Testing Blue Ticks for Verified Ads Following Twitter and Meta Trends.

Nakra said the pick-up segment recorded the highest-ever annual volume with a strong 43 per cent growth, consolidating its leadership position.

He added, "We would like to thank our associates, dealers, partners, suppliers, and customers, who have made this a remarkable year."

The commercial vehicle segment recorded a sale of 22,282 vehicles in March 2023 with a 12 per cent growth, and an annual sale of 248,576 vehicles with a 40 per cent growth.

The light commercial vehicle (LCV) segment recorded its highest-ever annual sales of 1,98,121 units in the financial year 2022-23 (FY23). Mahindra truck and bus division also registered good performance with 1,469 units in March 2023 with a 77 per cent growth and an annual sale of 10,036 units with a 56 per cent growth.

Exports for March were at 2,115 vehicles, and the company sold 5,697 units of three-wheelers in March 2023. (ANI)

(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)