By Priya Singh
4518 Views
Updated On: 02-May-2024 04:29 PM
Mahindra reports a 7.07% increase in domestic commercial vehicle sales and 2% growth in exports.
Key Highlights:
• Mahindra's domestic CV sales increased by 7.07%.
• LCV<2T: sales decreased by 1%.
• LCV 2 T–3.5 T: Experienced a 4% growth.
• LCV > 3.5T + MHCV: Impressive growth of 74%.
• 3 Wheelers: Including electric 3Ws, Experienced a 1% decline.
Mahindra & Mahindra, one of the country's leading automotive manufacturers, has released its commercial vehicle sales report for April 2024. Mahindra, a leading commercial vehicle manufacturer, witnessed a 7.07% growth in domestic CV sales. The sales figures increased from 25,783 units in April 2023 to 27,606 units in April 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 April 2024:
Mahindra’s Domestic Sales – April 2024
Category | FY24 | FY23 | % Change |
LCV 2T | 3,372 | 3,416 | -1% |
LCV 2T-3.5T | 15,692 | 15,072 | 4% |
LCV 3.5T + MHCV | 3,038 | 1,743 | 74% |
Three-Wheeler | 5,504 | 5,552 | -1% |
Total | 27,606 | 25,783 | 7.07% |
Category-wise Sales Breakdown
LCV<2T: 1% Decline
The LCV <2T category experienced a decline of 1%, with sales reaching 3,372 units in April 2024 compared to 3,416 units in the same month last year.
LCV 2 T–3.5 T: 4% Growth
Mahindra's LCV 2T–3.5T category experienced a 4% growth, closing April 2024 with 15,692 units, up from 15,072 units in April 2023.
LCV > 3.5T + MHCV: 74% Growth
The LCV > 3.5T + MHCV category experienced an impressive growth of 74%, selling 3,038 CVs in April 2024, compared to 1,743 units in April 2023.
3 Wheelers (Including Electric 3Ws): 1% Decline
The three-wheelers category, including electric three-wheelers, saw a decrease in sales. The three-wheeler segment sold 5,504 units in April 2024, compared to 5,552 units in April 2023, representing a 1% decline in sales.
Category | FY 24 | FY23 | % Change |
Total Exports | 1,857 | 1,813 | 2% |
Mahindra, a globally renowned CV maker present in 100+ countries, experienced growth in Export CV Sales in April 2024. The company exported 1,857 units in April 2024, compared to 1,813 units in April 2023 and experienced growth of 2%.
Also Read: Mahindra Records Decline in Domestic CV Sales, Sells 26,209 Units in March 2024
CMV360 Says
Mahindra & Mahindra's sales for April 2024 show they're doing well in selling commercial vehicles. Their domestic sales went up by 7.07%, which means more people are buying their trucks and vans.
This is good news for Mahindra because it shows that their vehicles are popular and people trust their brand.