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Electric CV sales in November witnessed a tremendous 166% YoY growth with a total of 541 units being sold in the month. The sales numbers also show a 7% MoM decline when compared to 582 units sold in October.
MBMC and UMC are the governing bodies of Mira-Bhayandar and Ulhasnagar, respectively, in Maharashtra. MBMC aims to encourage environmentally friendly alternatives in the state by introducing 57 electric buses.
In November 2023, the electric three-wheeler market in India witnessed significant growth. Mahindra Last Mile Mobility (MLMM) emerges as the market leader, securing a 9% share with over 35,000 units sold in FY2023.
Officials from IFFCO reveal an ambitious plan to procure 2500 drones, signalling a commitment to lead the adoption of nano fertilizers across the country.
In the first half of the year, the brand generated business of over INR 300 crore. A significant hike in defence business turnover is expected by the second half of the year.
The COCO Service Centre aims to deliver an unparalleled experience for customers seeking electric vehicle service. With its capacity to service over 3,000 vehicles annually, it accounts for approximately 30% of the overall sales.
Eicher trucks also experienced a gain of 3.41% with CV sales reaching 4,128 units for the month. Volvo trucks also witnessed a 12% growth in CV sales.
In November 2023, VST sold 295 units of tractors in the domestic market. This figure represents a 46.07% decline compared to the 547 tractors sold in November 2022.
While the company saw a drop in domestic sales, it flourished significantly in the international market. The brand experienced a +116% year-on-year (YoY) change for the export category with a total of 437 CV units being sold during the month.
Mahindra reported a growth of 16% with total CV sales reaching 28,779 units in the month compared to last year’s total of 24,789 units.
The company reported total (Domestic + Export) sales of 74,172 units (CVs + PVs) in Nov 2023. Previously total numbers were at 75,478 units in November 2022.
In the domestic market, Escorts Kubota sold 7,855 tractors in November 2023, surpassing the previous year’s sales of 7,359 tractors.
Mahindra Domestic tractor sales were 31,069 units in November 2023, compared to 29,180 units in November 2022.
The state-of-the-art Tata Prima VX Tipper truck is designed for high productivity, better safety and enhanced comfort for the drivers.
The utilization of drone technology in agriculture has the potential to significantly enhance productivity, optimize resource utilization, and streamline farming processes.
