Mahindra Auto sells highest ever SUVs at 41,267 vehicles, a 20% growth, and overall, 75,604 vehicles in September 2023
Auto
The domestic sales for Commercial Vehicles stood at 23,997 units
Mumbai, October 03, 2023: Mahindra & Mahindra Ltd. (M&M Ltd.), one of India’s leading automotive companies, today announced that its overall auto sales for the month of September 2023 stood at 75,604 vehicles, a growth of 17%, including exports.
In the utility vehicles segment, Mahindra recorded the highest sales for the third consecutive month. In September, the company sold 41,267 vehicles in the domestic market, and overall, 42,260 vehicles, including exports. The domestic sales for commercial vehicles stood at 23,997 units.
According to Veejay Nakra, President, Automotive Division, M&M Ltd., “We are excited to achieve our highest ever sale of SUVs for the third consecutive month. This month we saw a growth of 20% with 41,267 vehicles. We also registered an overall growth of 17%. In September, we also crossed the 1 lakh unit mark for our Bolero Maxx Pik Up trucks, making it the fastest selling pick up in the country to reach that mark. While demand for our key SUV brands continue to be strong, we are keeping a close watch on the availability of semi-conductors and select components to meet the strong festive season demand”.
Passenger Vehicles Sales Summary (Domestic) – September 2023
| Passenger Vehicles Sales Summary (Domestic) – September 2023 | ||||||
|---|---|---|---|---|---|---|
| Category | September | YTD September | ||||
| F24 | F23 | % Change | F24 | F23 | % Change | |
| Utility Vehicles | 41267 | 34262 | 20% | 214904 | 167052 | 29% |
| Cars + Vans | 0 | 246 | -100% | 10 | 1671 | -99% |
| Passenger Vehicles | 41267 | 34508 | 20% | 214914 | 168723 | 27% |
| Commercial Vehicles and 3 Wheelers Sales Summary (Domestic) – September 2023 | ||||||
|---|---|---|---|---|---|---|
| Category | September | YTD September | ||||
| F24 | F23 | % Change | F24 | F23 | % Change | |
| LCV < 2T * | 3941 | 4452 | -11% | 20629 | 21608 | -5% |
| LCV 2 T – 3.5 T | 18917 | 16413 | 15% | 102728 | 97260 | 6% |
| LCV > 3.5T + MHCV | 1139 | 801 | 42% | 6403 | 4208 | 52% |
| 3 Wheelers (including electric 3Ws) * | 7921 | 5774 | 37% | 39226 | 25580 | 53% |
| Exports – September 2023 | ||||||
|---|---|---|---|---|---|---|
| Category | September | YTD September | ||||
| F24 | F23 | % Change | F24 | F23 | % Change | |
| Total Exports * | 2419 | 2538 | -5% | 14316 | 15756 | -9% |
* 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 260,000 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
Media contact information
Nayana Borthakur
Head - Communications
Automotive & Farm Equipment Sector
Mahindra & Mahindra Limited
Email - [email protected]
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