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Mahindra CV Domestic Sales Witnessed 4.51% Growth in May 2023

News Date 01 Jun 2023

Mahindra CV Domestic Sales Witnessed 4.51% Growth in May 2023

Mahindra Sold 25,913 CV Units in May 2023 in The Domestic Market

The Three Wheelers category witnessed a remarkable sales growth of 61% in the Indian domestic market.

Mahindra & Mahindra brand saw a domestic sales growth of 4.51% in the month of May 2023. The company sold 25,913 commercial vehicle units in May 2023 as compared to 24,794 units in May 2022. Mahindra company is a pioneer in the SCV and LCV segment of the commercial vehicle market. 

Mahindra CV sales data for May 2023 highlighted significant sales growth in every category. The LCV < 2T category registered a 10% sales decline in May 2023. In the same period, this category sold 2,913 units compared to 3,228 units in May 2022. 

Similarly, the category of 3-wheelers (including Electric Vehicles) witnessed a 61% remarkable sales growth. Mahindra sold 5,851 3-wheelers in India in May 2023 compared with the sales of 3,645 units in May 2022. The category of LCV 2T - 3.5 T registered a downfall of 7% sales in India. As per the Mahindra Truck Sales Report May 2023, the company sold 16,140 units compared to 17,289 units in May 2022. 

The category of LCV > 3.5T + MHCV observed a marvellous sales growth of 60%. It noticed 1009 Mahindra truck sales in India in May 2023 in relation to 632 units sold in May 2022. 

Mahindra Domestic Sales Report

Official Statement For Mahindra CV Sales Report May 2023

As per Veejay Nakra, President of the Automotive Division of Mahindra & Mahindra Ltd.,  “We continue our growth trend, backed by strong demand in SUVs. We sold a total of 33,931 units, translating into a domestic growth of 23% in May. We have delivered a healthy YoY growth in 3-Wheelers and export segments as well. The sales volume for both SUVs and Pik-Ups were restricted by a short-term disruption in engine-related parts at the supplier end. The semiconductor supply constraints on specific parts, like Air Bag ECU, continued during the month too.”

Check Mahindra Export CV Sales Statistics May 2023

Mahindra Export CV Sales Report

One of the biggest corporate confederations in the world is Mahindra. With 2,60,000 workers, this corporation serves a network of over 100 nations. The brand just introduced a new CV product in the cargo electric 3W market for leading ESG globally. The Mahindra Export CV Sales Figure May 2023 shows 2,616 selling units, compared to the 2,028 units sold in May 2022, showing an increase of 29%. The Mahindra Corporation is well-known in the fields of agriculture, tourism, real estate, logistics, and alternative energy.

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