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Mahindra Truck Sales Growth Hiked By 9.23% In February 2023

News Date 01 Mar 2023

Mahindra Truck Sales Growth Hiked By 9.23% In February 2023

The LCV > 3.5T + MHCV segment created the highest growth of 58%, followed by the electric and 3-wheeler segments, with a gain of 40%      

Mahindra Trucks & Buses has shared its performance of February 2023 in its sales report. And it is visible that the brand has done a good job of recording a 9.23% growth in domestic sales by selling 26,193 units of commercial vehicles. The total sold units also cover all the categories and segments, including the electric and 3-wheeler segment in this truck sales figures 2023 February. Mahindra is one of the highest-rated brands and comes with years of experience. 

The table shows the truck sales statistics 2023 for all the categories provided by the company. All of the following data is for the Mahindra truck sales in India. For the LCV<2T category vehicles, the brand sold 2,515 units which were 4,048 in February 2022 and decreased by 38%. 

Similarly, the company sold 17,241 units of the LCV 2 T – 3.5 T category vehicles, with an increase of 12% as the sold units in February 2022 was 15,431. Also, the LCV > 3.5T + MHCV truck sales in India ended the month with 1,087 sold units compared to the 687 units. As a result, the segment increased sales by 58%. 

The 3-wheelers & electric 3-wheelers segment sold 5,350 units, an increase of 40% against the 3,812 units of February last year. 

Mahindra Export Truck Sales Report February 2023

The export sales of Mahindra declined in the February 2023 sales report. The brand sold 2,250 units of commercial vehicles which were 2,814 units in February last year. As a result, the sales dropped by 20%.

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