Mahindra's Domestic CV Sales Dip by 7.70% in Dec 2023

Mahindra Sold 23,195 Commercial Vehicles in the Domestic Market

The LCV > 3.5T + MHCV category recorded the highest growth of 170% in truck sales in India.

Mahindra, a prominent commercial vehicle manufacturer in India, reported a 7.70% decrease in domestic commercial vehicle (CV) sales for December 2023. The sales figures reveal a decline from 25,132 units in December 2022 to 23,195 units in December 2023.

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

LCV<2T 

The category registered sales of 2,849 units in Dec 2023, compared to 3,031 units in December 2022. The brand witnessed a 6% loss in sales growth. 

LCV 2 T–3.5 T 

Mahindra closed the December 2023 sales with 12,668 units, whereas the sold units of LCV 2 T–3.5 T were 16,170 in the same month last year. The brand experienced a 22% decline in the financial year. 

LCV > 3.5T + MHCV 

The LCV > 3.5T + MHCV segment experienced a growth of 170% in December. To illustrate, the segment sold 2,371 CVs in Dec 2023, compared to 879 in Dec 2022. 

3 Wheelers (Including Electric 3Ws)

The 3-wheeler category, including the electric segment, also registered a note-worthy growth. They sold 5,307 units of the 3-wheelers & electric 3-wheelers in Dec 2023, compared to 5,052 units in Dec 2022. As a result, the brand registered a  growth rate of 5%.

Official Statement For Mahindra CV Sales Report, Dec 2023

According to Veejay Nakra, President, Automotive Division, M&M Ltd., “In December, we sold a total of 35,171 SUVs, a healthy growth of 24% over last year. We continued to face some supply challenges on select parts. We are working closely with our suppliers to mitigate these challenges going forward”.

Check Mahindra Export CV Sales Statistics Dec 2023

Mahindra, a globally renowned multinational federation, holds a distinguished presence across 100+ countries. The figures for Mahindra's Export Commercial Vehicle (CV) Sales in December 2023 reflect a sales count of 1,819 units, marking a notable decline from 3,100 units in December 2022, representing a significant 41% decrease.

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