Ad
Ad
Key Highlights:
Mahindra & Mahindra, one of the country's leading automotive manufacturers, has released its commercial vehicle sales report for October 2024. Mahindra, a leading commercial vehicle manufacturer, witnessed a 10.03% growth in domestic CV sales. The sales figures increased from 35,117 units in October 2023 to 38,638 units in October 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 October 2024:
Mahindra’s Domestic Sales – October 2024
Category | FY24 | FY23 | % Change |
LCV 2T | 3,935 | 4,335 | -9% |
LCV 2T-3.5T | 23,893 | 20,349 | 17% |
LCV 3.5T + MHCV | 984 | 1,031 | -5% |
Three-Wheeler | 9,826 | 9,402 | 5% |
Total | 38,638 | 35117 | 10.03% |
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: 9% Decline
The LCV <2T category experienced a decline of 9%, with sales reaching 3,935 units in October 2024 compared to 4,335 units in the same month last year.
LCV 2 T–3.5 T: 17% Growth
In this segment, sales grew by 17%, with sales reaching 23,893 units in October 2024 compared to 20,349 units in the same month last year.
LCV > 3.5T + MHCV: 5% Decline
The LCV > 3.5T + MHCV category experienced a decline of 5% to 984 units in October 2024 from 1,031 units in October 2023.
3 Wheelers (Including Electric 3Ws): 5% Growth
The three-wheelers category, including electric three-wheelers, saw an increase in sales. Three-wheeler vehicle sales increased by 5% to 9,826 units in October 2024 from 9,402 units in October 2023.
Mahindra’s Exports Sales – October 2024
Category | FY 24 | FY23 | % Change |
Total Exports | 3,506 | 1,854 | 89.00% |
Mahindra experienced growth in Export CV Sales in October 2024. The company exported 3,506 units in October 2024, compared to 1,854 units in October 2023 and experienced growth of 89%.
Also Read: Mahindra Sales Report August 2024: Experienced Growth in Export CV Sales
CMV360 Says
Mahindra's rise in commercial vehicle sales is great news for the industry. The increase in smaller trucks shows a growing demand, which is important for many businesses. It's also good to see more sales in three-wheelers, especially electric ones. However, the drop in larger vehicle sales indicates that companies need to adjust to market changes. Overall, Mahindra's strong export growth shows it has a good reputation worldwide.
CMV360 Weekly Wrap-Up | 20th–26th April 2025: Key Developments in Sustainable Mobility, Electric Vehicles, Tractor Leadership, Technological Innovation, and Market Growth in India
This week’s wrap-up highlights India’s advancements in electric vehicles, sustainable logistics, tractor leadership, AI-driven farming, and market growth....
26-Apr-25 07:26 AM
Read Full NewsChennai MTC to Get 625 Electric Buses from July, TN to Add 3,000 New Buses Soon
Tamil Nadu (TN) to add 8,129 new buses, including electric and CNG, starting with 625 e-buses in Chennai from July....
25-Apr-25 10:49 AM
Read Full NewsMontra Electric Opens e-SCV Dealership in Uttar Pradesh with MG RoadLink
Montra Electric opens its first e-SCV dealership in Uttar Pradesh, offering EVIATOR sales and service support in Lucknow with MG RoadLink....
25-Apr-25 06:46 AM
Read Full NewsGreenLine Deploys LNG Fleet for Bekaert, Aiding India’s Clean Transport Goals
GreenLine and Bekaert launch LNG truck fleet to cut emissions and support India’s shift to a gas-based economy....
24-Apr-25 11:56 AM
Read Full NewsIndia to Introduce Safety Ratings for Trucks and E-Rickshaws
The announcement was made during a two-day workshop on vehicle and fleet safety in Faridabad, organized by the Global New Car Assessment Program (GNCAP) and the Institute...
24-Apr-25 11:09 AM
Read Full NewsMontra Electric Opens First e-SCV Dealership in Rajasthan
The dealership has been established through a collaboration with Ensol Infratech Pvt Ltd. It follows a 3S model—offering Sales, Service, and Spares along with charging su...
24-Apr-25 07:11 AM
Read Full NewsAd
Ad
Summer Truck Maintenance Guide in India
04-Apr-2025
AC Cabin Trucks in India 2025: Merits, Demerits, and Top 5 Models Explained
25-Mar-2025
Benefits of Buying Montra Eviator In India
17-Mar-2025
Top 10 Truck Spare Parts Every Owner Should Know
13-Mar-2025
Top 5 Maintenance Tips for Buses in India 2025
10-Mar-2025
How to Improve Electric Truck Battery Range: Tips & Tricks
05-Mar-2025
View All articles
Registered Office Address
Delente Technologies Pvt. Ltd.
M3M Cosmopolitan, 12th Cosmopolitan,
Golf Course Ext Rd, Sector 66, Gurugram, Haryana
pincode - 122002
Join CMV360
Receive pricing updates, buying tips & more!
Follow Us
COMMERCIAL VEHICLE BUYING BECOMES EASY AT CMV360
CMV360 - is a leading commercial vehicle marketplace. We helps consumers to Buy, Finance, Insure and Service their commercial vehicles.
We bring great transparency on pricing, information and comparison of tractors, trucks, buses and three wheelers.