Mahindra's Commercial Vehicle Sales Surge by 16.30% in September 2023

The LCV category, which comprises vehicles weighing less than 2 tons, sold 3,941 CV units in September 2023 as compared to 4,452 units sold in Sep 2022.

Mahindra & Mahindra, one of the country's leading automotive manufacturers, has reported a significant surge in its commercial vehicle sales for the month of September 2023. According to the latest data released by the company, Mahindra's commercial vehicle segment has witnessed an impressive growth rate of 16.30% compared to the same period last year.

Mahindra's commercial vehicle success can be dedicated to its diverse product portfolio, catering to various segments of the market. From small utility vehicles to heavy-duty trucks, Mahindra offers a wide range of options that appeal to a wider customer base.

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

Sales of Mahindra commercial vehicles

The LCV category, which comprises vehicles weighing less than 2 tons, sold 3,941 CV units in September 2023 as compared to 4,452 units sold in Sep 2022. As a result, there was a decline of 11% in sales.

The LCV category, which comprises vehicles weighing between 2 tons to 3.5 tons sold 18,917 CV units. In September 2023, this category sold 18,917 units, up from 16,413 units in September 2022. As a result, it yielded a 15% increase.

The sale of LCVs weighing more than 3.5 tonnes and Medium and Heavy Commercial Vehicles increased by 42% to 1,139 units sold in September 2023, compared to 801 units in September 2022.

The sale of 3-wheelers including electric three-wheelers increased by 37% to 7,921 units in September 2023, compared to 5,774 units in September 2022.

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

Mahindra’s Export sales

The Mahindra Export CV Sales Figure September 2023 indicates a decline of 5% in sales. The company exports 2,419 units in September 2023 as compared to 2,538 units in September 2022.

As Mahindra & Mahindra continues to set new benchmarks in the commercial vehicle industry, all eyes are on the company's future endeavours and its potential to further drive growth and innovation in the automotive sector.

The company has always focused on integrating advanced technologies and features into its commercial vehicles, emphasizing safety, efficiency, and driver comfort. These innovations have attracted new customers and retained existing ones.