Mahindra & Mahindra Ltd. (M&M Ltd.), one of India’s leading automotive companies, today announced that its overall auto sales for the month of October 2023 stood at 80,679 vehicles, a growth of 32%, including exports.
In the Utility Vehicles segment, Mahindra recorded the highest sales for the fourth consecutive month. In October, the company sold 43,708 vehicles in the domestic market, a growth of 36% and overall, 44,264 vehicles, including exports. The domestic sales for Commercial Vehicles stood at 25,715 units, also the highest-ever.
According to Veejay Nakra, President, Automotive Division, M&M Ltd., “In October, we clocked the highest ever volumes at 80,679 vehicles, a growth of 32%. Both SUVs and CVs individually achieved highest ever volumes for the third consecutive month at 43,708 and 25,715 vehicles respectively. While the strong festive demand should see us continue our growth momentum in November, we will keep a close watch of select supply related challenges.”
| Passenger Vehicles Sales Summary (Domestic) – October 2023 | ||||||
|---|---|---|---|---|---|---|
| Category | October | YTD October | ||||
| F24 | F23 | % Change | F24 | F23 | % Change | |
| Utility Vehicles | 43708 | 32226 | 36% | 258612 | 199278 | 30% |
| Cars + Vans | 0 | 72 | -100% | 10 | 1743 | -99% |
| Passenger Vehicles | 43708 | 32298 | 35% | 258622 | 201021 | 29% |
| Commercial Vehicles and 3 Wheelers Sales Summary (Domestic) – October 2023 | ||||||
|---|---|---|---|---|---|---|
| Category | October | YTD October | ||||
| F24 | F23 | % Change | F24 | F23 | % Change | |
| LCV < 2T * | 4335 | 4562 | -5% | 24964 | 26170 | -5% |
| LCV 2 T – 3.5 T | 20349 | 15728 | 29% | 123077 | 112988 | 9% |
| LCV > 3.5T + MHCV | 1031 | 690 | 49% | 7434 | 4898 | 52% |
| 3 Wheelers (including electric 3Ws) | 9402 | 5081 | 85% | 48628 | 30661 | 59% |
| Exports – October 2023 | ||||||
|---|---|---|---|---|---|---|
| Category | October | YTD October | ||||
| F24 | F23 | % Change | F24 | F23 | % Change | |
| Total Exports * | 1854 | 2755 | -33% | 16170 | 18511 | -13% |
* Includes sales made by subsidiary company Mahindra Last Mile Mobility Limited w.e.f. September 01, 2023
SOURCE: Mahindra
