Mahindra Auto sells 40,631 SUVs, a 13% growth and total volumes of 68,413 in March 2024

Bengaluru, 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 68,413 vehicles, a growth of 4%, including exports.

In the Utility Vehicles segment, Mahindra sold 40,631 vehicles in the domestic market, a growth of 13% and overall, 41,161 vehicles, including exports. The domestic sales for Commercial Vehicles stood at 20,930.

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 40,631 SUVs, with a growth of 13% and 68,413 total vehicles, a 4% growth over last year.”

Passenger Vehicles Sales Summary (Domestic) – March 2024

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

 

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