Mahindra Domestic CV Sales Rise to 25,252 Units in December 2024

Key Highlights

• Domestic sales grew 8.87% to 25,252 units in December 2024.
• LCV 2T-3.5T category increased by 16%, reaching 16,139 units.
• 3-wheeler sales, including electric, rose by 8% to 5,750 units.
• Export sales surged 70% to 3,092 units.
• Decline observed in LCV < 2T (-15%) and LCV > 3.5T + MHCV (-12%).

Mahindra & Mahindra, one of India's leading commercial vehicle manufacturers, showcased solid sales performance in December 2024. The company reported an 8.87% year-on-year (YoY) growth in domestic sales, rising from 23,195 units in December 2023 to 25,252 units in December 2024. This growth highlights Mahindra’s commitment to innovation and its ability to address customer demands despite challenges in certain categories.

Domestic Sales Performance by Category

The table below provides a detailed breakdown of Mahindra’s domestic sales performance across various vehicle categories:

LCV < 2T

Sales in the LCV < 2T segment declined by 15%, with 2,409 units sold in December 2024 compared to 2,849 units in December 2023. This decline reflects challenges in this weight category.

LCV 2T – 3.5T

This segment was a strong performer for Mahindra, achieving a 16% growth. Sales increased from 13,958 units in December 2023 to 16,139 units in December 2024, showing robust demand in this weight class.

LCV > 3.5T + MHCV

Sales in the LCV > 3.5T + MHCV category dropped by 12%, with 954 units sold in December 2024, down from 1,081 units in December 2023.

3-Wheelers (Including Electric 3Ws)

The 3-wheeler segment, which includes electric vehicles, showed positive growth of 8%, with 5,750 units sold in December 2024 compared to 5,307 units in December 2023. This highlights the rising interest in eco-friendly mobility solutions.

Mahindra Export CV Sales Show Remarkable Growth

Mahindra's export performance for December 2024 was a standout highlight, recording a 70% growth. The table below illustrates this impressive achievement:

The significant rise in exports, from 1,819 units in December 2023 to 3,092 units in December 2024, demonstrates Mahindra’s expanding global footprint and competitiveness in international markets.

Also Read: Tata Motors Launches E-Bus Fleet at Pantnagar Plant, Boosting Sustainability Goals

CMV360 Says

Mahindra's overall performance in December 2024 underscores its strength in both domestic and global markets. While some categories, like LCV < 2T and LCV > 3.5T + MHCV, faced challenges, the robust growth in LCV 2T – 3.5T, 3-wheelers, and exports shows the company’s strategic resilience and adaptability.

With a focus on innovation and customer-centric solutions, Mahindra continues to consolidate its position as a leader in the commercial vehicle industry.