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01 Dec 2023
Automobile

Mahindra Records a 16% Increase in Domestic CV Sales in Nov 2023

By News Date 01 Dec 2023

Mahindra Records a 16% Increase in Domestic CV Sales in Nov 2023

Mahindra sold 28,779 commercial vehicles in the domestic market. 

The LCV < 2T category recorded the highest growth of 54% in truck sales in India.

Mahindra Trucks is one of the most popular CV manufacturers in India. The brand has published its truck sales data for Nov 2023 and accomplished remarkable growth. They sold 28,779 units in November 2023, compared with 24,789 in Nov 2022. As a result, the data indicates a growth of 16%. 

The sales of various classifications were likewise featured in the Mahindra CV sales figures for November 2023. Let's now examine the brand's category-by-category sales data.

LCV<2T 

The category registered sales of 4,083 units in Nov 2023, compared to 2,643 units in November 2022. The brand witnessed an excellent 54% increase in sales growth. 

LCV 2 T–3.5 T 

Mahindra closed the November 2023 sales with 17,284 units, whereas the sold units of LCV 2 T–3.5 T were 16,193 in the same month last year. The brand experienced 7% growth in the financial years. 

LCV > 3.5T + MHCV 

The LCV > 3.5T + MHCV segment experienced 12% growth in the month of November. To illustrate, the segment sold 844 CVs in Nov 2023, compared to 755 in Nov 2022. 

3 Wheelers (Including Electric 3Ws)

The 3-wheeler category, including the electric segment, also registered a note-worthy growth. They sold 6,568 units of the 3-wheelers & electric 3-wheelers in Nov 2023, compared to 5,198 units in Nov 2022. As a result, the

brand registered an excellent growth rate of 26%.

Official Statement For Mahindra CV Sales Report, Nov 2023

According to Veejay Nakra, President, Automotive Division, M&M Ltd., “We continue our growth trend, backed by strong demand for our SUV portfolio. In November, we sold a total of 39,981 units, a growth of 32%. While we saw a healthy festive season, we faced supply challenges on select parts during the month. We are keeping a close watch and taking appropriate steps to mitigate the challenges.”

Check Mahindra Export CV Sales Statistics Nov 2023

Mahindra is one of the largest and most admired multinational federations of companies, with an impressive range across 100+ nations. The Mahindra Export CV Sales Figure for November 2023 records sales of 1,816, while the sales figure in Nov 2022 was 3,122, showing a decline of 42%. 

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