Mahindra & Mahindra Ltd. (M&M Ltd.), one of India’s leading automotive companies, today announced that its overall auto sales for the month of February 2024 stood at 72923 vehicles, a growth of 24%, including exports.
In the utility vehicles segment, Mahindra sold 42401 vehicles in the domestic market, a growth of 40% and overall, 42941 vehicles, including exports. The domestic sales for commercial vehicles stood at 22825.
According to Veejay Nakra, President, Automotive Division, M&M Ltd., “We sold a total of 42401 SUVs in February, with a growth of 40% and 72923 total vehicles, a 24% growth over last year. In our endeavour to make some of our SUVs available faster to consumers, we launched the Scorpio N Z8S variant and the Thar Earth edition this month.”
Passenger Vehicles Sales Summary (Domestic) – February 2024
| Category | February | YTD February | ||||
|---|---|---|---|---|---|---|
| F24 | F23 | % Change | F24 | F23 | % Change | |
| Utility Vehicles | 42401 | 30221 | 40% | 419233 | 320985 | 31% |
| Cars + Vans | 0 | 137 | -100% | 13 | 2271 | -99% |
| Passenger Vehicles | 42401 | 30358 | 40% | 419246 | 323256 | 30% |
Commercial Vehicles and 3 Wheelers Sales Summary (Domestic) – February
| Category | February | YTD February | ||||
|---|---|---|---|---|---|---|
| F24 | F23 | % Change | F24 | F23 | % Change | |
| LCV < 2T * | 4146 | 2515 | 65% | 40081 | 37034 | 8% |
| LCV 2 T – 3.5 T | 15779 | 17241 | -8% | 178002 | 180693 | -1% |
| LCV > 3.5T + MHCV | 2900 | 1087 | 167% | 23797 | 8567 | 178% |
| 3 Wheelers (including electric 3Ws) * | 6158 | 5350 | 15% | 72310 | 52823 | 37% |
Exports – February 2024
| Category | February | YTD February | ||||
|---|---|---|---|---|---|---|
| F24 | F23 | % Change | F24 | F23 | % Change | |
| Total Exports * | 1539 | 2250 | -32% | 23090 | 29992 | -23% |
* Includes sales made by subsidiary company Mahindra Last Mile Mobility Limited w.e.f. September 01, 2023
SOURCE: Mahindra
