By Priya Singh
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Updated On: 02-Sep-2024 10:48 AM
Explore M&M's sales report for August 2024! In August 2024, their LCVs over 3.5 tonnes, including MHCVs, skyrocketed by 81%, while other categories varied.
Key Highlights:
Mahindra & Mahindra, one of the country's leading automotive manufacturers, has released its commercial vehicle sales report for August 2024.
Mahindra, a leading commercial vehicle manufacturer, witnessed a 0.78% decline in domestic CV sales. The sales figures decreased from 30,657 units in August 2023 to 30,418 units in August 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 August 2024:
Mahindra’s Domestic Sales – August 2024
Category | FY24 | FY23 | % Change |
LCV 2T | 2,957 | 3,896 | -24% |
LCV 2T-3.5T | 14,661 | 17,800 | -18% |
LCV 3.5T + MHCV | 3,474 | 1,917 | 81% |
Three-Wheeler | 9,326 | 7,044 | 32% |
Total | 30,418 | 30,657 | -0.78% |
Category-wise Sales Breakdown
In the fiscal year 2024, sales in different vehicle categories showed varied trends compared to the fiscal year 2023:
LCV<2T: 24% Decline
The LCV <2T category experienced a decline of 24%, with sales reaching 2,957 units in August 2024 compared to 3,896 units in the same month last year.
LCV 2 T–3.5 T: 18% Decline
In this segment, sales declined by 18%, dropping to 14,661 units from 17,800 units in August 2024.
LCV > 3.5T + MHCV: 81% Growth
The LCV > 3.5T + MHCV category experienced an impressive growth of 81% to 3,474 units in August 2024 from 1,917 units in August 2023.
3 Wheelers (Including Electric 3Ws): 32% Growth
The three-wheelers category, including electric three-wheelers, saw an increase in sales. Three-wheeler vehicle sales increased by 32% to 9,326 units in August 2024 from 7,044 units in August 2023.
Mahindra’s Exports Sales – August 2024
Category | FY 24 | FY23 | % Change |
Total Exports | 3,060 | 2,423 | 26.00% |
Mahindra experienced growth in Export CV Sales in August 2024. The company exported 3,060 units in August 2024, compared to 2,423 units in August 2023 and experienced growth of 26%.
Also Read: Mahindra Sales Report June 2024: Experienced Growth in Export CV Sales
CMV360 Says
Mahindra's performance in August 2024 reflects a mixed trend across different segments. While the decline in domestic CV sales, particularly in the LCV segment under 3.5 tonnes, poses challenges, the significant growth in MHCV and export sales demonstrates the company's strength in larger vehicle categories and international markets.