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 Auto reports a 17% growth in May 2024

 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
(including electric 3Ws) *

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

 

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