Mahindra Sales Report November 2024: Experienced Growth of 4.54% in Domestic CV Sales

Key Highlights:

• Mahindra's domestic CV sales grew by 4.54% to 30,085 units in November 2024. 
• LCV 2T–3.5T sales increased by 5% and three-wheeler sales grew by 22%. 
• LCV <2T category saw a decline of 24%, with 3,098 units sold. 
• Export sales grew by 53%, reaching 2,776 units in November 2024. 
• Mahindra maintains positive sales growth in both domestic and export markets.

Mahindra & Mahindra, one of the country's leading automotive manufacturers, has released its commercial vehicle sales report for November 2024. Mahindra, a leading commercial vehicle manufacturer, witnessed a 4.54% growth in domestic CV sales. The sales figures increased from 28,779 units in November 2023 to 30,085 units in November 2024.

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. 

From small utility vehicles to heavy-duty trucks, Mahindra offers a wide range of options to its wider customer base. The Mahindra Group is well-known in agriculture, tourism, real estate, logistics, and alternative energy. Let’s take a look at Mahindra’s Truck Sales statistics for November 2024:

Mahindra’s Domestic Sales – November 2024

Category-wise Sales Breakdown

LCV<2T: 24% Decline

The LCV <2T category experienced a decline of 24%, with sales reaching 3,098 units in November 2024 compared to 4,083 units in the same month last year.

LCV 2 T–3.5 T: 5% Growth

In this segment, sales grew by 5%, with sales reaching 18,063 units in November 2024 compared to 17,284 units in the same month last year.

LCV > 3.5T + MHCV: 4% Growth

The LCV > 3.5T + MHCV category experienced a growth of 4% to 881 units in November 2024 from 844 units in November 2023.

3 Wheelers (Including Electric 3Ws): 22% Growth

The three-wheelers category, including electric three-wheelers, saw an increase in sales. Three-wheeler vehicle sales increased by 22% to 8,043 units in November 2024 from 6,568 units in November 2023.

Mahindra’s Exports Sales – November 2024

Mahindra experienced growth in Export CV Sales in November 2024. The company exported 2,776 units in November 2024, compared to 1,816 units in November 2023 and experienced growth of 53%.

Also Read: Mahindra Sales Report October 2024: Experienced Growth of 10% in Domestic CV Sales

CMV360 Says

Mahindra’s sales growth shows how much customers trust the brand and its vehicles. While some segments had challenges, the overall performance looks strong. The export growth is also a great sign of Mahindra’s growing presence worldwide.