01 Oct 2024
Mahindra & Mahindra Reports 5.74% Increase in Domestic Sales and 25% Growth in Export CV Sales
Mahindra & Mahindra, a leading manufacturer of commercial vehicles, recorded strong performance in September 2024. Its LCV > 3.5T + MHCV segments showed notable growth, with an impressive 25% rise in sales, solidifying Mahindra’s standing in the heavier segments of the commercial vehicle market.
In September 2024, Mahindra's domestic commercial vehicle sales rose by 5.74%, with units sold increasing from 31,918 in September 2023 to 33,750 in September 2024. This increase reflects Mahindra’s resilience and ability to thrive in a competitive market environment.
The Mahindra sales report for September 2024 includes data on sales across different vehicle categories. Below is a breakdown of the sales data for each segment:
LCV < 2T
In September 2024, this category registered sales of 3,444 units, compared to 3,941 units in September 2023. The brand witnessed a 13% decline in this segment.
LCV 2T–3.5T
Mahindra closed September 2024 with 16,988 units sold, slightly down from 17,438 units in September 2023. This represents a modest 3% sales decline.
LCV > 3.5T + MHCV
The LCV > 3.5T + MHCV segment experienced significant growth, with sales rising by 25%. Specifically, 3,274 CVs were sold in September 2024, compared to 2,618 units in September 2023.
3-Wheelers (Including Electric 3Ws)
The 3-wheeler category, which includes electric 3-wheelers, also saw a substantial increase in sales. In September 2024, Mahindra sold 10,044 units, compared to 7,921 units in September 2023. This marked a 27% rise.
Check Mahindra Export CV Sales Statistics for September 2024
Mahindra & Mahindra, a global leader in commercial vehicle manufacturing, saw a substantial shift in its export CV sales for September 2024. Export sales volume rose to 3,027 units, up from 2,419 units in September 2023, marking a 25% profit increase. This growth highlights Mahindra’s robust global presence and competitive edge in international markets.
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