Mahindra Auto Sales Surge in May 2024: 43,218 SUVs Sold, 31% Growth in Domestic Market; Mahindra Reports Strong Overall Sales Growth of 17% in May 2024
Mahindra Auto, one of India’s leading automotive companies, proudly announced a remarkable achievement in its auto sales for May 2024. The company reported total vehicle sales of 71,682 units, marking a significant 17% growth compared to the same period last year. This figure includes both domestic sales and exports, underscoring Mahindra’s strong market presence and customer preference for its vehicles.
Outstanding Performance in Utility Vehicles Segment
In the highly competitive Utility Vehicles (UV) segment, Mahindra showcased exceptional performance. The company sold 43,218 vehicles in the domestic market, reflecting a substantial 31% growth year-over-year. Including exports, the total sales in the UV segment reached 44,283 units, demonstrating the brand’s robust appeal both domestically and internationally.
Impressive Domestic Commercial Vehicle Sales
Mahindra Auto‘s domestic sales for Commercial Vehicles (CV) stood at 19,826 units in May 2024. This segment includes Light Commercial Vehicles (LCVs) and Medium & Heavy Commercial Vehicles (MHCVs), further solidifying Mahindra’s dominance in the commercial vehicle market.
Record-Breaking Response for XUV3XO
Veejay Nakra, President of the Mahindra Auto, expressed his excitement over the company’s latest achievements. We achieved a remarkable milestone by selling 43,218 SUVs in May, representing a 31% growth compared to last year. Overall, our total vehicle sales reached 71,682, reflecting a 17% increase.
The response to the XUV3XO has been phenomenal. When we opened bookings on May 15, we were thrilled to see 50,000 bookings within the first hour. This overwhelming demand underscores the strong, disruptive appeal of the XUV3XO. Deliveries began on May 26,” said Veejay Nakra, President of the Automotive Division at Mahindra & Mahindra Ltd.
Passenger Vehicles Sales Summary – May 2024
| Category | May 2024 | May 2023 | % Change | YTD May 2024 | YTD May 2023 | % Change |
|---|---|---|---|---|---|---|
| Utility Vehicles | 43,218 | 32,883 | 31% | 84,226 | 67,577 | 25% |
| Cars + Vans | 0 | 3 | -100% | 0 | 7 | -100% |
| Passenger Vehicles | 43,218 | 32,886 | 31% | 84,226 | 67,584 | 25% |
Commercial Vehicles and 3-Wheelers Sales Summary (Domestic) – May 2024
| Category | May 2024 | May 2023 | % Change | YTD May 2024 | YTD May 2023 | % Change |
|---|---|---|---|---|---|---|
| LCV < 2T * | 3,156 | 2,913 | 8% | 6,528 | 6,329 | 3% |
| LCV 2T – 3.5T | 13,781 | 15,631 | -12% | 29,473 | 30,703 | -4% |
| LCV > 3.5T + MHCV | 2,889 | 1,518 | 90% | 5,927 | 3,261 | 82% |
| 3 Wheelers (including electric 3Ws) * | 5,967 | 5,851 | 2% | 11,471 | 11,403 | 1% |
Exports – May 2024
| Category | May 2024 | May 2023 | % Change | YTD May 2024 | YTD May 2023 | % Change |
|---|---|---|---|---|---|---|
| Total Exports * | 2,671 | 2,616 | 2% | 4,528 | 4,429 | 2% |
Conclusion
Mahindra‘s impressive sales figures for May 2024 reflect the company’s ongoing commitment to excellence and customer satisfaction. With a diverse range of vehicles catering to various market segments, Mahindra continues strengthening its position as a leader in the automotive industry. The overwhelming response to the XUV3XO and the strong performance across all vehicle categories underscore Mahindra’s innovative approach and dedication to meeting the evolving needs of its customers.