Mahindra Auto records highest ever SUV sales of 43,708 units, a growth of 36% and highest ever total volume of 80,679 in October 2023
Mumbai, 01 November 2023: Mahindra & Mahindra Ltd. announced. (M&M Ltd.), one of India’s leading automobile companies, today announced that its total vehicle sales for the month of October 2023 amounted to 80,679 Automotive, with a growth of 32%, including exports.
In the multi-use vehicle segment, Mahindra recorded the highest sales for the fourth month in a row. In October, it sold the company 43,708 Vehicles in the local market, with a growth of 36%. In general, 44,264 Vehicles, including exports. Domestic sales of commercial vehicles reached 25,715 units, which is also the highest ever.
according to Vijay Nakra, Head of Automotive Division, M&M Ltd.“In October, we recorded the highest volumes ever at 80,679 vehicles, a growth of 32%. Both SUVs and autonomous vehicles achieved the highest sales volumes ever for the third month in a row at 43,708 and 25,715 vehicles, respectively. While Strong festive demand should push us to continue the growth momentum in November, as we will be closely monitoring some supply challenges.
| Passenger Vehicle Sales Summary (Domestic) – October 2023 | ||||||
|---|---|---|---|---|---|---|
| category | October | Until October | ||||
| F24 | F23 | % changes | F24 | F23 | % changes | |
| SUVs | 43708 | 32226 | 36% | 258612 | 199278 | 30% |
| Cars + mini trucks | 0 | 72 | -100% | 10 | 1743 | -99% |
| Passenger cars | 43708 | 32298 | 35% | 258622 | 201021 | 29% |
| Commercial Vehicles and Three-Wheeler Sales Summary (Domestic) – October 2023 | ||||||
|---|---|---|---|---|---|---|
| category | October | Until October | ||||
| F24 | F23 | % changes | F24 | F23 | % changes | |
| Light commercial vehicles < 2 tons* | 4335 | 4562 | -5% | 24964 | 26170 | -5% |
| Light commercial vehicles 2 tons – 3.5 tons | 20349 | 15728 | 29% | 123077 | 112988 | 9% |
| Light Commercial Vehicles > 3.5 tons + Light Commercial Vehicles (MHCV). | 1031 | 690 | 49% | 7434 | 4898 | 52% |
| 3 wheels (including electric 3Ws) | 9402 | 5081 | 85% | 48628 | 30661 | 59% |
| Exports – October 2023 | ||||||
|---|---|---|---|---|---|---|
| category | October | Until October | ||||
| F24 | F23 | % changes | F24 | F23 | % changes | |
| Total exports * | 1854 | 2755 | -33% | 16170 | 18511 | -13% |
*Includes sales made by subsidiary Mahindra Last Mile Mobility Limited as of September 1, 2023
About Mahindra
Founded in 1945, the Mahindra Group is one of the largest and most admired multinational companies, with 260,000 employees in more than 100 countries. It has a leading position in agricultural equipment, utility vehicles, IT and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in the areas of renewable energy, agriculture, logistics, hospitality and real estate.
The Mahindra Group has a clear focus on global ESG leadership, enabling rural prosperity and enhancing urban living, with the aim of making a positive difference in the lives of communities and stakeholders to enable them to thrive.
Learn more about Mahindra at www.mahindra.com / Twitter and Facebook: @MahindraRise/ For updates, subscribe at https://www.mahindra.com/newsroom
Media contact information
Nayana Borthakur
Head – Communications
Automotive and agricultural equipment sector
Mahindra & Mahindra Limited
e-mail – (email protected)
