Mahindra & Mahindra Ltd. (M&M Ltd.), a prominent player in India’s automotive industry, has marked September 2023 with astounding sales figures, setting new records in the process. The company reported remarkable growth, both overall and in the Utility Vehicles segment, solidifying its position as a leader in the Indian automotive market. Let’s explore the details of Mahindra Auto’s exceptional sales performance for September 2023.
Record-breaking SUV Sales
In September 2023, Mahindra achieved its highest-ever sales in the Utility Vehicles segment for the third consecutive month. The company sold a staggering 41,267 SUVs in the domestic market, demonstrating a remarkable 20% growth compared to previous figures. This achievement underscores Mahindra’s dominance in the SUV segment, where it has consistently delivered top-notch vehicles that resonate with Indian consumers.
Impressive Overall Sales Figures
Mahindra & Mahindra Ltd. reported an overall auto sales figure of 75,604 vehicles for September 2023. This remarkable number represents a substantial 17% growth, including exports. The company’s ability to consistently grow its sales in both domestic and international markets reflects its commitment to excellence and innovation in the automotive sector.
Commercial Vehicles Segment
While Mahindra’s SUV sales have grabbed the spotlight, the company’s Commercial Vehicles segment also posted commendable numbers. In the domestic market, Mahindra recorded sales of 23,997 units for Commercial Vehicles. This figure underscores the company’s versatility and presence across various automotive segments.
Milestone Achievement with Bolero Maxx Pik Up Trucks
Notably, Mahindra achieved a significant milestone in September 2023 by crossing the 1 lakh unit mark for its Bolero Maxx Pik Up trucks. This achievement solidifies the Bolero Maxx Pik Up as the fastest-selling pickup in the country to reach this remarkable milestone. It speaks volumes about the trust and preference that customers place in Mahindra’s utility vehicles.
Challenges and Resilience
Despite the remarkable growth, Mahindra & Mahindra Ltd. remains vigilant and adaptable in the face of challenges, particularly in managing the availability of semiconductors and select components. This adaptability allows the company to meet the strong demand generated during the festive season, ensuring that customers receive quality vehicles promptly.
Passenger Vehicles Sales Summary (Domestic) – September 2023
| Passenger Vehicles Sales Summary (Domestic) – September 2023 | ||||||
| Category | September | YTD September | ||||
| F24 | F23 | % Change | F24 | F23 | % Change | |
| Utility Vehicles | 41267 | 34262 | 20% | 214904 | 167052 | 29% |
| Cars + Vans | 0 | 246 | -100% | 10 | 1671 | -99% |
| Passenger Vehicles | 41267 | 34508 | 20% | 214914 | 168723 | 27% |
| Commercial Vehicles and 3 Wheelers Sales Summary (Domestic) – September 2023 | ||||||
| Category | September | YTD September | ||||
| F24 | F23 | % Change | F24 | F23 | % Change | |
| LCV < 2T * | 3941 | 4452 | -11% | 20629 | 21608 | -5% |
| LCV 2 T – 3.5 T | 18917 | 16413 | 15% | 102728 | 97260 | 6% |
| LCV > 3.5T + MHCV | 1139 | 801 | 42% | 6403 | 4208 | 52% |
| 3 Wheelers (including electric 3Ws) * | 7921 | 5774 | 37% | 39226 | 25580 | 53% |
| Exports – September 2023 | ||||||
| Category | September | YTD September | ||||
| F24 | F23 | % Change | F24 | F23 | % Change | |
| Total Exports * | 2419 | 2538 | -5% | 14316 | 15756 | -9% |
