Mahindra Auto Records 40,022 SUV Sales

Mahindra Auto Records Impressive Growth in June 2024 with 40,022 SUV Sales. This includes a remarkable 23% increase in SUV sales, totaling 40,022 units sold in the domestic market.


Mahindra Auto a subsidiary of Mahindra & Mahindra Ltd. (M&M Ltd.), one of India’s premier automotive companies, has announced a robust performance for June 2024, registering total auto sales of 69,397 vehicles, marking an 11% growth compared to the same period last year.

Stellar Performance in Utility Vehicles

Mahindra’s Utility Vehicles (UV) segment showcased exceptional growth, with domestic sales reaching 40,022 units, a 23% rise from June 2023’s 32,585 units. Overall, including exports, Mahindra sold 40,644 SUVs in June 2024. The total passenger vehicles sold in the domestic market matched the UV figures, reflecting a similar growth trend.

Commercial Vehicles and Three-Wheelers

In the commercial vehicle segment, Mahindra Auto reported domestic sales of 20,594 units. The detailed breakdown is as follows:

LCV < 2T: Sales increased by 5% to 3,223 units from 3,063 units in June 2023.
LCV 2T – 3.5T: Sales decreased by 12% to 14,097 units compared to 16,042 units in the previous year.
LCV > 3.5T + MHCV: This category saw a significant 77% increase, with sales reaching 3,274 units from 1,854 units in June 2023.
Three-Wheelers (including electric 3Ws): Sales slightly declined by 3%, with 6,184 units sold compared to 6,377 units in June 2023.

Export Performance

Mahindra Auto’s export numbers also showed positive growth, with total exports rising by 4% to 2,597 units in June 2024, up from 2,505 units in June 2023. This growth underscores the global appeal and reliability of Mahindra’s vehicles.

Leadership Commentary

Veejay Nakra, President of the Automotive Division at M&M Ltd., highlighted the remarkable sales performance, noting, “In June, we achieved sales of 40,022 SUVs, marking a 23% increase, and a total of 69,397 vehicles, reflecting an 11% growth compared to the previous year. June has been particularly significant for us, as we celebrated the rollout of the 200,000th XUV700 from our production facility. Additionally, we commemorated 25 years of Bolero Pik-Ups, a pioneering leader in the LCV segment.”

Sales Summary for June 2024

Passenger Vehicles Domestic Sales Summary – June 2024

Category June ’24 June ’23 % Change YTD June ’24 YTD June ’23 % Change
Utility Vehicles 40,022 32,585 23% 124,248 100,162 24%
Cars + Vans 0 3 -100% 0 10 -100%
Passenger Vehicles 40,022 32,588 23% 124,248 100,172 24%
Commercial Vehicles and Three-Wheelers Sales Summary (Domestic) – June 2024

Category June ’24 June ’23 % Change YTD June ’24 YTD June ’23 % Change
LCV < 2T 3,223 3,063 5% 9,751 9,392 4%
LCV 2T – 3.5T 14,097 16,042 -12% 43,570 46,745 -7%
LCV > 3.5T + MHCV 3,274 1,854 77% 9,201 5,115 80%
Three-Wheelers 6,184 6,377 -3% 17,655 17,780 -1%
Exports – June 2024

Category June ’24 June ’23 % Change YTD June ’24 YTD June ’23 % Change
Total Exports 2,597 2,505 4% 7,125 6,934 3%

About Mahindra

Founded in 1945, the Mahindra Group is a globally admired multinational federation of companies with 260,000 employees in over 100 countries. It holds a leadership position in sectors such as farm equipment, utility vehicles, information technology, and financial services in India and is the world’s largest tractor company by volume.

The Mahindra Group is committed to leading ESG globally, enabling rural prosperity, and enhancing urban living. Its goal is to drive positive change in the lives of communities and stakeholders, encapsulated in its motto “Rise.”