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04 Oct 2022

Mahindra CV Domestic Sales Increased by 120% in September 2022

By News Date 04 Oct 2022

Mahindra CV Domestic Sales Increased by 120% in September 2022

LCV < 2T segment gained the highest growth of 192 % in the domestic market 

Mahindra is considered the market leader in the SCV (Small Commercial Vehicle) segment. It obtained a huge profit in the month of September 2022 with a 120% hike in sales. The company sold 27,440 commercial vehicle units, an increase of 120% as compared to 12,449 units in September 2021.

Categorised CV sales data of this brand witnessed good sales growth in every segment. The highest growth recorded by the LCV < 2T was 192%, with 4,452 units sold in September 2022 compared to the 1,525 units in September 2021. Other segments also witnessed a growth in CV sales in India as LCV 2T - 3.5 T, LCV > 3.5T + MHCV, 3-wheeler and Electric 3-wheeler segment registered a growth of 126%, 17% and 94%, respectively. 

Mahindra CV Sales Figure September 2022

According to Veejay Nakra, President, Automotive Division, M&M Ltd., “September was a very thrilling month with a robust start to the festive season. We continue to see very substantial demand and performance across our portfolio of products, from SUVs, LCVs less than 3.5 tons and our Last Mile Mobility brands. We are pleased that our SUVs have recorded the highest ever sales of 34,262 vehicles as well as highest ever overall volumes of 64,486 vehicles for the month of September.”

Mahindra Export CV Sales Statistics 2022

The export CV sales figure 2022 of Mahindra is 2538 units, slightly increased by 9 units compared to the 2529 units of last year in September. However, the cumulative Commercial Vehicle Sales Data in September 2022 raised by 10% compared to the previous year. 

Mahindra brand is considered one of the largest multinational federations of companies. It has 26,000 employees in over 100 nations. The company launched a new product recently in the cargo Electric 3-wheeler segment with a clear focus on leading ESG globally. According to the vision of the company Mahindra Group, it wishes to enable rural prosperity and enhance urban living, with a goal to drive positive change in the lives of stakeholders.

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