02 Dec 2024
Mahindra Sales Figures November 2024 - YoY Comparison
Mahindra & Mahindra, a prominent manufacturer of commercial vehicles, demonstrated strong performance in November 2024, driven by significant growth in key segments. The company's 3-wheeler category, including electric variants, experienced exceptional growth, showcasing its leadership in sustainable mobility solutions.
In November 2024, Mahindra's domestic CV sales increased by 4.54%, rising from 28,779 units in November 2023 to 30,085 units in November 2024. This growth reflects the company's resilience in navigating a dynamic market environment.
The Mahindra sales report for November 2024 provides a detailed breakdown of sales performance across different categories.
LCV < 2T
This category experienced a sales decline, registering 3,098 units in November 2024 compared to 4,083 units in November 2023. The segment witnessed a 24% drop, indicating challenges in this lightweight segment.
LCV 2T – 3.5T
Mahindra closed November 2024 with sales of 18,063 units in this segment, up from 17,284 units in November 2023. The company achieved a modest 5% growth in this category, highlighting steady demand for these vehicles.
LCV > 3.5T + MHCV
The heavier segment of LCV > 3.5T and MHCVs posted a 4% increase in sales. Mahindra sold 881 units in November 2024, up from 844 units in the same month last year. This growth underlines Mahindra's strengthening position in this segment.
3-Wheelers (Including Electric 3Ws)
The 3-wheeler category, including electric 3-wheelers, saw robust growth of 22%. Mahindra sold 8,043 units in November 2024, compared to 6,568 units in November 2023. This segment’s performance underscores the increasing adoption of sustainable mobility solutions.
Check Mahindra Export CV Sales Statistics – November 2024
Mahindra & Mahindra showcased remarkable growth in its export CV sales in November 2024. The company exported 2,776 units, compared to 1,816 units in November 2023. This significant 52.86% increase reflects Mahindra's expanding global footprint and demand for its products in international markets.
Despite challenges in certain segments, Mahindra & Mahindra continues to solidify its position as a leading player in the commercial vehicle market. The company's focus on innovation and sustainability contributes to its overall success.
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