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
SOURCE: Mahindra
