Mahindra & Mahindra Ltd. Recorded Commercial Vehicle Sales Of 20,959 Units In June 2023

Domestic sales of Light commercial vehicles under 2 tons decreased by 10% to 3,063 units in June 2023.

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.

Mahindra is a commercial vehicle market pioneer in the SCV and LCV segments. In the Indian domestic market, the Three Wheelers category saw a 59% increase in sales.

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

Mahindra Domestic commercial vehicles

Light commercial vehicle sales under 2 tons decreased by 10% to 3,063 units in June 2023, compared to 3,410 units in June 2022. Bolero MaXX Pik-up, which was released in April 2023, has increased segment sales.

Light commercial vehicle sales under 3.5 tons increased by 2% to 16,735 units in June 2023, compared to 16,405 units in June 2022.

The sale of LCVs weighing more than 3.5 tonnes and Medium and Heavy Commercial Vehicles increased by 88% to 1,161 units in June 2023, compared to 616 units in June 2022.

The sale of 3 Wheelers including electric three-wheelers increased by 59% to 6,377 units in June 2023, compared to 4,008 units in June 2022.

Mahindra Export commercial vehicles

The Mahindra Export CV Sales Figure for June 2023 indicates a decline of 10%. The company sold 2,505 units in June 2023 as compared to 2,777 units in June 2022.

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

Mahindra’s YTD sales

• LCV 2T - In FY24 sales fell by 2% to 9,392 units from 9,567 units sold in FY23.
• LCV 2T-3.5T- In FY24 sales improved by 2% to 48,540 units from 47,462 units sold in FY23.
• LCV 3.5T + MHCV – In FY24 sales were up 70% to 3,320 units from 1,953 units sold in FY23.
• 3 Wheelers - In FY24 sales were improved by 67% to 17,780 units from 10,662 units sold in FY23.
• Export Sales- Export sales totalled 6,934 units in FY24, an 8% decrease from 7,508 units shipped in FY23.