Mahindra Reports 7.70% Dip in Domestic CV Sales for December 2023

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By Priya SinghUpdated On: 02-Jan-2024 05:44 AM

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ByPriya Singh |Updated On: 02-Jan-2024 05:44 AM

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According to the latest sales data released by the company, Mahindra showcases a decline from 25,132 units in December 2022 to 23,195 units in December 2023.

Mahindra & Mahindra, one of the country's leading automotive manufacturers, has released its commercial vehicle sales report for December 2023. According to the latest data released by the company, Mahindra showcases a decline from 25,132 units in December 2022 to 23,195 units in December 2023.

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.

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

Sales of Mahindra commercial vehicles

The LCV category, which comprises vehicles weighing less than 2 tons, sold 2,849 CV units in December 2023 compared to 3,031 units sold in December 2022. As a result, there was a decline of 6% in sales.

The LCV category, which comprises vehicles weighing between 2 tons to 3.5 tons sold 12,668 CV units. In December 2023, this category sold 12,668 units, as compared to 16,170 units in December 2022. As a result, sales in this category decreased by 22%.

The sales of LCVs weighing more than 3.5 tonnes and Medium and Heavy Commercial Vehicles increased by 170% to 2,371 units sold in December 2023, compared to 879 units in December 2022.

The sale of 3-wheelers including electric three-wheelers increased by 5% to 5,307 units in December 2023, compared to 5,052 units in December 2022.

Also Read: Mahindra Last Mile Mobility has collaborated with Attero to recycle EV batteries sustainably.

Mahindra’s Export Sales December 2023

Mahindra Export CV sales data for December 2023 indicates a 41% decline in sales. The company sold 1,819 units in December 2023 compared to 3,100 units in December 2022.

From small utility vehicles to heavy-duty trucks, Mahindra offers a wide range of options that appeal to a wider customer base. The company has been proactive in 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.