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01 Feb 2023

Mahindra Commercial Vehicle Sales Increased by 17.96% in January 2023

By News Date 01 Feb 2023

Mahindra Commercial Vehicle Sales Increased by 17.96% in January 2023

The Three-Wheeler market sales report grew with a great margin of 129% in the Mahindra Truck Sales Report January 2023.     

Mahindra Truck & Buses recorded a growth of 17.96% in the truck sales data for the first month of 2023. The commercial vehicle manufacturing brand has observed good growth in almost all segments. They sold 28,286 units in January 2023 against the 23,979 units in January last year. Mahindra is a leading brand in the commercial vehicle segment, with experience of many decades.

Let’s look at the Truck Sales statistics 2023 for all the categories of this brand. The LCV < 2T category registered a decline of 10% as it sold 2,675 units in January 2023 against the 2,984 units in January 2022. Similarly, the LCV 2T - 3.5T category increased by 3% by selling 18,101 units against the 17,529    units of January 2022. 

The LCV < 3.5T + MHCV segment of this brand grew with a good percentage of 59% in the Truck Sales figures 2023 January. The category sold 948 units and did a growth of 59% as compared to the 598 units of January 2023. The category which created the biggest increase in January 2023 remained the three-wheeler segment, including the electric 3-wheelers. The segments recorded grew 129% with 6,562 units, while it had 2,868 units in January 2022. As a result, Mahindra closed the truck sales in India with a 17.96% growth. 

Mahindra Export Truck Sales Report January 2023

Mahindra has a great reputation in India and the overseas market too. Also, the brand has always received good responses from other countries and has a great presence in close to 100 countries. In the January 2023 export sales, the brand registered a growth of 5% as it sold 3,009 commercial vehicles against the 2,865 units of January 2022.

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