Mahindra & Mahindra Ltd. (M&M Ltd.), one of India’s leading automotive companies, today announced that its overall auto sales for the month of November 2023 stood at 70,576 vehicles, a growth of 21%, including exports.
In the utility vehicles segment, Mahindra sold 39,981 vehicles in the domestic market, a growth of 32% and overall, 40,764 vehicles, including exports. The domestic sales for commercial vehicles stood at 22,211.
According to Veejay Nakra, President, Automotive Division, M&M Ltd., “We continue our growth trend, backed by strong demand for our SUV portfolio. In November, we sold a total of 39,981 units, a growth of 32%. While we saw a healthy festive season, we faced supply challenges on select parts during the month. We are keeping a close watch and taking appropriate steps to mitigate the challenges”.
Passenger Vehicles Sales Summary (Domestic) –November 2023
| Category | November | YTD November | ||||
|---|---|---|---|---|---|---|
| F24 | F23 | % Change | F24 | F23 | % Change | |
| Utility Vehicles | 39,981 | 30238 | 32% | 298593 | 229516 | 30% |
| Cars + Vans | 0 | 154 | -100% | 10 | 1897 | -99% |
| Passenger Vehicles | 39,981 | 30392 | 32% | 298603 | 231413 | 29% |
Commercial Vehicles and 3 Wheelers Sales Summary (Domestic) –November 2023
| Category | November | YTD November | ||||
|---|---|---|---|---|---|---|
| F24 | F23 | % Change | F24 | F23 | % Change | |
| LCV < 2T * | 4083 | 2643 | 54% | 29047 | 28813 | 1% |
| LCV 2 T – 3.5 T | 17284 | 16193 | 7% | 140361 | 129181 | 9% |
| LCV > 3.5T + MHCV | 844 | 755 | 12% | 8278 | 5653 | 46% |
| 3 Wheelers (including electric 3Ws) * | 6568 | 5198 | 26% | 55196 | 35859 | 54% |
Exports –November 2023
| Category | November | YTD November | ||||
|---|---|---|---|---|---|---|
| F24 | F23 | % Change | F24 | F23 | % Change | |
| Total Exports * | 1816 | 3122 | -42% | 17986 | 21633 | -17% |
* Includes sales made by subsidiary company Mahindra Last Mile Mobility Limited w.e.f. September 01, 2023
SOURCE: Mahindra
