Mahindra & Mahindra commercial vehicles Sales Increased By 4.51% in May 2023

Mahindra sold 25,913 vehicles in the Commercial Vehicles sector in May 2023. Light commercial vehicle sales under 2 tons decreased by 10% to 2,913 units in May 2023, compared to 3,228 units in May 2022.

Mahindra is a market leader in the commercial vehicle segment, with decades of experience. Mahindra has a solid reputation in both India and the international market.

Furthermore, the brand has always received positive responses from other countries and has a strong presence in over 100 countries. The Mahindra Group is well-known in agriculture, tourism, real estate, logistics, and alternative energy.

In the Indian domestic market, the Three Wheelers category including electric three-wheelers saw a 61% increase in sales.

In the month of May 2023, the Mahindra & Mahindra brand recorded a 4.51% increase in domestic sales. In May 2023, the company sold 25,913 commercial vehicle units, up from 24,794 in May 2022. Mahindra is a commercial vehicle market pioneer in the SCV and LCV segments.

Let’s take a look at Mahindra’s Truck Sales statistics

Mahindra Domestic Sales

Mahindra sold 25,913 vehicles in the Commercial Vehicles sector in May 2023. Light commercial vehicle sales under 2 tons decreased by 10% to 2,913 units in May 2023, compared to 3,228 units in May 2022. Light commercial vehicle sales under 3.5 tons decreased by 7% to 16,140 units in May 2023, compared to 17,289 units in May 2022.

The sale of LCVs weighing more than 3.5 tonnes and Medium and Heavy Commercial Vehicles increased by 60% to 1,009 units in May 2023, compared to 632 units in May 2022. The sale of 3 Wheelers including electric three-wheelers increased by 61% to 5,851 units in May 2023, compared to 3,645 units in May 2022.

Mahindra Year-to-Year sales

Mahindra export sales

The Mahindra Export CV Sales Figure for May 2023 indicates a 29% increase. In May 2023, total export units are 2,616 up from 2,028 in May 2022.

“In May, we sold 33,931 units, representing a 23% increase in domestic sales. We delivered a significant YoY increase in 3-Wheelers as well as export categories. A short-term supplier outage in engine-related parts hampered sales volume for both SUVs and Pik-Ups. The semiconductor supply shortages for key parts, such as the Air Bag ECU, persisted throughout the month," says Veejay Nakra, President of Mahindra & Mahindra Ltd.'s Automotive Division.