Mahindra & Mahindra Ltd. (M&M Ltd.), one of India’s leading automotive companies, today announced that its overall auto sales for the month of December 2023 stood at 60188 vehicles, a growth of 6%, including exports.
In the Utility Vehicles segment, Mahindra sold 35171 vehicles in the domestic market, a growth of 24% and overall, 36349 vehicles, including exports. The domestic sales for Commercial Vehicles stood at 17888.
Veejay Nakra, President, Automotive Division, M&M Ltd. said, “In December, we sold a total of 35171 SUVs, a healthy growth of 24% over last year. We continued to face some supply challenges on select parts. We are working closely with our suppliers to mitigate these challenges going forward”.
| Passenger Vehicles Sales Summary (Domestic) –December 2023 | ||||||
|---|---|---|---|---|---|---|
| Category | December | YTD December | ||||
| F24 | F23 | % Changes | F24 | F23 | % Changes | |
| Utility Vehicles | 35171 | 28333 | 24% | 333764 | 257849 | 29% |
| Cars + Vans | 3 | 112 | -97% | 13 | 2009 | -99% |
| Passenger Vehicles | 35,174 | 28445 | 24% | 333777 | 259858 | 28% |
| Commercial Vehicles and 3 Wheelers Sales Summary (Domestic) – December | ||||||
|---|---|---|---|---|---|---|
| Category | December | YTD December | ||||
| F24 | F23 | % Changes | F24 | F23 | % Changes | |
| LCV < 2T * | 2849 | 3031 | -6% | 31896 | 31844 | 0% |
| LCV 2 T – 3.5 T | 12668 | 16170 | -22% | 145107 | 145351 | 0% |
| LCV > 3.5T + MHCV | 2371 | 879 | 170% | 18571 | 6532 | 184% |
| 3 Wheelers (including electric 3Ws) * | 5307 | 5052 | 5% | 60503 | 40911 | 48% |
| Exports – December 2023 | ||||||
|---|---|---|---|---|---|---|
| Category | December | YTD December | ||||
| F24 | F23 | % Changes | F24 | F23 | % Changes | |
| Total Exports * | 1819 | 3100 | -41% | 19805 | 24733 | -20% |
* Includes sales made by subsidiary company Mahindra Last Mile Mobility Limited w.e.f. September 01, 2023
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.
