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Mahindra Auto reports a 17% growth in May 2024
Industry News- Jun 03,24
The Mahindra Group 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; a strong presence in renewable energy, agriculture, logistics, hospitality and real estate.
Mahindra & Mahindra Ltd. (M&M Ltd.), one of India’s leading automotive companies, announced that its overall auto sales for the month of May 2024 stood at 71,682 vehicles, with a growth of 17%, including exports.
In the utility vehicles segment, Mahindra sold 43,218 vehicles in the domestic market achieving a growth of 31% and overall, 44,283 vehicles; including exports. The domestic sales for Commercial Vehicles stood at 19,826.
According to Veejay Nakra, President, Automotive Division, M&M Ltd., “We sold a total of 43,218 SUVs in May reaching a remarkable growth of 31% with 71,682 total vehicles, a 17% growth over last year. As we opened bookings on 15th May, we were delighted to receive an overwhelming response for the XUV3XO. Within the first hour of opening bookings, we hit the 50000 mark. The belief that our customers have shown towards us, reiterates the strong disruptive proposition of XUV3XO. We have already started deliveries from May, 26.”
|
Passenger Vehicles Sales Summary (Domestic) – May 2024 |
||||||
|
Category |
May |
YTD May |
||||
|
F25 |
F24 |
% Change |
F25 |
F24 |
% Change |
|
|
Utility Vehicles |
43218 |
32883 |
31% |
84226 |
67577 |
25% |
|
Cars + Vans |
0 |
3 |
-100% |
0 |
7 |
-100% |
|
Passenger Vehicles |
43218 |
32886 |
31% |
84226 |
67584 |
25% |
|
Commercial Vehicles and 3 Wheelers Sales Summary (Domestic) – May 2024 |
||||||
|
Category |
March |
YTD March |
||||
|
F25 |
F24 |
% Change |
F25 |
F24 |
% Change |
|
|
LCV < 2T * |
3156 |
2913 |
8% |
6528 |
6329 |
3% |
|
LCV 2 T – 3.5 T |
13781 |
15631 |
-12% |
29473 |
30703 |
-4% |
|
LCV > 3.5T + MHCV |
2889 |
1518 |
90% |
5927 |
3261 |
82% |
|
3 Wheelers |
5967 |
5851 |
2% |
11471 |
11403 |
1% |
|
Exports – May 2024 |
||||||
|
Category |
May |
YTD May |
||||
|
F25 |
F24 |
% Change |
F25 |
F24 |
% Change |
|
|
Total Exports * |
2671 |
2616 |
2% |
4528 |
4429 |
2% |
* Includes sales made by subsidiary
company Mahindra Last Mile Mobility Limited w.e.f. September 01, 2023
Mahindra Auto
Mahindra Group
farm equipment
utility vehicles
information technology
financial services
renewable energy
agriculture
logistics
hospitality
real estate
Mahindra & Mahindra Ltd.
Commercial Vehicles
Veejay Nakra
XUV3XO
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