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03 Oct 2023
Automobile

Mahindra's CV Sales Soar by 16.30% in Sep 2023

By News Date 03 Oct 2023

Mahindra's CV Sales Soar by 16.30% in Sep 2023

Mahindra has sold 31,918 commercial vehicles in the domestic market.

The LCV > 3.5T + MHCV category recorded the highest growth of 42% in truck sales in India.

Mahindra Trucks is one of India's leading commercial vehicle brands, and their recent sales data for September 2023 showcases impressive growth. They successfully sold 31,918 units in September 2023, marking a substantial increase from the 27,440 units sold in September 2022, reflecting a remarkable growth rate of 16.30%.

Furthermore, the sales figures also provide a breakdown of sales across different categories, offering a detailed look at Mahindra's category-wise sales data for September 2023.

Mahindra's category-wise sales data for September 2023

LCV<2T

The category registered sales of 3,941 units in Sep 2023, compared to 4,452 units in Sep 2022. The segment sees a drop of 11% in sales. 

LCV 2 T–3.5 T

Mahindra closed the Sep 2023 sales with 18,917 units, whereas the sold units of LCV 2 T–3.5 T were 16,413 in the same month last year. The brand experienced a 15% increase in sales growth. 

LCV > 3.5T + MHCV

The LCV > 3.5T + MHCV segment witnessed a remarkable growth of 42% in the month of Sep. To illustrate, the segment sold 1,139 commercial vehicles in Sep 2023, compared to 801 in Sep 2022.

3 Wheelers (Including Electric 3Ws)

The 3-wheeler category, including the electric segment also registered a note-worthy growth. They sold 7,921 units of the 3-wheelers and electric 3-wheelers in September 2023, compared to 5,774 units in September 2022. Therefore, the brand registered an excellent growth of 37%.

Official Statement For Mahindra CV Sales Report, September 2023

According to Veejay Nakra, President of the Automotive Division at M&M Ltd., “We are excited to achieve our highest ever sale of SUVs for the third consecutive month. This month, we saw a growth of 20% with 41,267 vehicles. We also registered an overall growth of 17%. In September, we also crossed the 1 Lakh unit mark for our Bolero Maxx Pik Up trucks, making it the fastest-selling pickup in the country to reach that mark. While demand for our key SUV brands continues to be strong, we are keeping a close watch on the availability of semiconductors and select components to meet the strong festive season demand.”

Check Mahindra Export CV Sales Statistics September 2023

Mahindra Export CV Sales Statistics September 2023

Mahindra is one of the largest and most admired multinational federations of companies, with a wide reach across 100+ countries. The Mahindra Export CV Sales Figure for Sep 2023 records sales of 2,419, whereas the sales figure in Sep 2022 was 2,538, showing a decrease of 5%.

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