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01 Nov 2023
Automobile

Mahindra's Domestic CV Sales Soar by 35% in Oct 2023

By News Date 01 Nov 2023

Mahindra's Domestic CV Sales Soar by 35% in Oct 2023

Mahindra Sold 35,117 Unit Commercial Vehicles in the Domestic Market 

The 3-wheelers (counting E-3 wheeler) classification recorded the most noteworthy development of 85% in truck deals in India.

Mahindra Trucks is one of the most renowned CV manufacturers in India. The brand has published its truck sales data for Oct 2023 and accomplished remarkable growth. They sold 35,117 units in October 2023, compared with 26,061 in Oct 2022. As a result, the data indicates a growth of 35%. 

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

LCV<2T 

The category registered sales of 4,335 units in Oct 2023, compared to 4,562 units in October 2022. The segment faced a dip of 5%.

LCV 2 T–3.5 T 

Mahindra closed the October 2023 sales with 20,349 units, whereas the sold units of LCV 2 T–3.5 T were 15,728 in the same month last year. The brand experienced 29% growth in the financial years. 

LCV > 3.5T + MHCV 

The LCV > 3.5T + MHCV segment witnessed excellent growth of 49% in the month of October. To illustrate, the segment sold 1,031 CVs in October 2023, compared to 690 in Oct 2022. 

3 Wheelers (Including Electric 3Ws)

The 3-wheeler category, including the electric segment, also registered a note-worthy growth. They sold 9,402 units of the 3-wheelers  & electric 3-wheelers in Oct 2023, compared to 5,081 units in Oct 2022. As a result, the brand registered an excellent growth of 85%.

Official Statement For Mahindra CV Sales Report, Oct 2023

According to Veejay Nakra, President, Automotive Division, M&M Ltd., “In October, we clocked the highest ever volumes at 80,679 vehicles, a growth of 32%. Both SUVs and CVs individually achieved highest highest-ever volumes for the third consecutive month at 43,708 and 25,715 vehicles respectively. While the strong festive demand should see us continue our growth momentum in November, we will keep a close watch of select supply related challenges.”

Check Mahindra Export CV Sales Statistics Oct 2023

Mahindra is one of the biggest and most admired multinational federations of companies, with an impressive range across 100+ nations. The Mahindra Export CV Sales Figure for October 2023 records sales of 1,854, while the sales figure in October 2022 was 2,755, showing a decline of 33%. 

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