02 Sep 2024
Mahindra Sales Figures August 2024 - YoY Comparison
Mahindra & Mahindra Reports 26% Growth in Export CV Sales and 0.78% Dip in Domestic Sales.
Mahindra & Mahindra, a leading manufacturer of commercial vehicles, experienced mixed results in its sales performance for August 2024. However, its LCV > 3.5T + MHC segments showed exceptional growth. This category saw an impressive 81% surge in truck sales, underscoring Mahindra's strong position in the heavier segments of the commercial vehicle market.
Despite this success, Mahindra faced challenges in its overall domestic sales. In August 2024, domestic commercial vehicle sales dropped by 0.78%, with the number of units sold decreasing from 30,657 in August 2023 to 30,418 in August 2024. This decline reflects a challenging market environment that has impacted the company's domestic performance.
The Mahindra sales report for August 2024 included data on sales of different types of vehicles. Let's examine the sales data for each category.
LCV<2T
The category registered sales of 2,957 units in August 2024, compared to 3,896 units in August 2023. The brand witnessed a 24% sales loss.
LCV 2 T–3.5 T
Mahindra closed the August 2024 sales with 14,661 units, whereas the units sold by LCV 2 T–3.5 T were 17,800 in the same month of last year. The brand experienced an 18% loss in the 2024 FY.
LCV > 3.5T + MHCV
The LCV > 3.5T + MHCV segment experienced 81% growth in August. To illustrate, the segment sold 3,474 CVs in August 2024, compared to 1,917 units in August 2023.
3 Wheelers (Including Electric 3Ws)
The 3-wheeler category, including the electric segment, also registered an increase in sales. In August 2024, 9,326 units of 3-wheelers and electric 3-wheelers were sold, compared to 7,044 units in August 2023. As a result, the brand registered a 32% rise.
Check Mahindra Export CV Sales Statistics August 2024
Mahindra & Mahindra, a leading global commercial vehicle (CV) manufacturer with a strong presence in over 100 countries, saw a shift in its export CV sales in August 2024. Sales volume increased to 3,060 units, up from 2,423 units in August 2023, marking a 26% profit rise. This growth further solidifies Mahindra & Mahindra's position as a key player in the global commercial vehicle market.
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