Mahindra Auto sells 43,068 SUVs, a 31% growth and total volumes of 73,944, a growth of 15% in January 2024
Mumbai, February 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 January 2024 stood at 73,944 vehicles, a growth of 15%, including exports.
In the Utility Vehicles segment, Mahindra sold 43,068 vehicles in the domestic market, a growth of 31% and overall, 43,866 vehicles, including exports. The domestic sales for Commercial Vehicles stood at 23,481.
According to Veejay Nakra, President, Automotive Division, M&M Ltd., “In January, we sold a total of 43,068 SUVs, a healthy 31% growth and total 73,944 vehicles, a 15% growth over last year. We began the year with the launch of 2024 XUV700, with a whole host of new features that elevates comfort, tech and sophistication to the next level. Honouring the spirit of ‘Viksit Bharat’ this Republic Day, we flagged off the “Drivers of Change” initiative that honours women achievers across various fields and highlights their role as a driving force in India’s progression towards an advanced and inclusive society.”
Passenger Vehicles Sales Summary (Domestic) – January 2024
| Passenger Vehicles Sales Summary (Domestic) – January 2024 | ||||||
| Category | January | YTD January | ||||
| F24 | F23 | % Change | F24 | F23 | % Change | |
| Utility Vehicles | 43068 | 32915 | 31% | 376832 | 290764 | 30% |
| Cars + Vans | 0 | 125 | -100% | 13 | 2134 | -99% |
| Passenger Vehicles | 43068 | 33040 | 30% | 376845 | 292898 | 29% |
| Commercial Vehicles and 3 Wheelers Sales Summary (Domestic) – January | ||||||
| Category | January | YTD January | ||||
| F24 | F23 | % Change | F24 | F23 | % Change | |
| LCV < 2T * | 4039 | 2675 | 51% | 35935 | 34519 | 4% |
| LCV 2 T – 3.5 T | 17116 | 18101 | -5% | 162223 | 163452 | -1% |
| LCV > 3.5T + MHCV | 2326 | 948 | 145% | 20897 | 7480 | 179% |
| 3 Wheelers (including electric 3Ws) * |
5649 | 6562 | -14% | 66152 | 47473 | 39% |
| Exports – January 2024 | ||||||
| Category | January | YTD January | ||||
| F24 | F23 | % Change | F24 | F23 | % Change | |
| Total Exports * | 1746 | 3009 | -42% | 21551 | 27742 | -22% |
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 260,000 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.
