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Mahindra Auto sells 40631 SUVs, a 13% growth and total volumes of 68413 in March 2024

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Home Newsroom Press Release Mahindra Auto sells 40631 SUVs, a 13% growth and total volumes of 68413 in March 2024
Author : mahindraadmin   Category : Auto   Published : 4/1/2024

Mumbai, April 01, 2024: Mahindra & Mahindra Ltd. (M&M Ltd.), one of India’s leading automotive companies, today announced that its overall auto sales for the month of March 2024 stood at 68413 vehicles, a growth of 4%, including exports.

In the Utility Vehicles segment, Mahindra sold 40631 vehicles in the domestic market, a growth of 13% and overall, 41161 vehicles, including exports. The domestic sales for Commercial Vehicles stood at 20930.

According to Veejay Nakra, President, Automotive Division, M&M Ltd., “We ended the financial year F24 on a positive note with Mahindra PikUps crossing 2 Lakh units during the year, which is the highest ever for any commercial vehicle in the load segment in India. In March, we sold a total of 40631 SUVs, with a growth of 13% and 68413 total vehicles, a 4% growth over last year.”

Passenger Vehicles Sales Summary (Domestic) – March 2024
Category March YTD March
F24 F23 % Change F24 F23 % Change
Utility Vehicles 40631 35976 13% 459864 356961 29%
Cars + Vans 0 21 -100% 13 2292 -99%
Passenger Vehicles 40631 35997 13% 459877 359253 28%
Commercial Vehicles and 3 Wheelers Sales Summary (Domestic) – March
Category March YTD March
F24 F23 % Change F24 F23 % Change
LCV < 2T * 4012 3385 19% 44093 40419 9%
LCV 2 T – 3.5 T 13601 17428 -22% 191603 198121 -3%
LCV > 3.5T + MHCV 3317 1469 126% 27114 10036 170%
3 Wheelers (including electric 3Ws) * 5279 5697 -7% 77589 58520 33%
Exports – March 2024
Category March YTD March
F24 F23 % Change F24 F23 % Change
Total Exports * 1573 2115 -26% 24663 32107 -23%

* Includes sales made by subsidiary company Mahindra Last Mile Mobility Limited w.e.f. September 01, 2023

About Mahindra

Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 260000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate.

The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise.

Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise/ For updates subscribe to https://www.mahindra.com/newsroom

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