Not true Mahogany, but material from bigger trees yields wide stable boards and is more widely available. Good for necks and solid bodies, but not so fine or as stable as true Mahogany when cut for back & sides.
N.B many timbers are Mahogany colour, e.g – Luan, Utile & Sapele, most are inferior to true Mahogany, though Utile can make very straight strong neck material. Sapele is best avoided as the alternating stripy grain is difficult to plane and bend.