Auto
Mumbai, 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 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
About Mahindra
Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 260000 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