Released its sales data Mahindra Sales in February 2024 in which the company recorded growth in its passenger vehicle and commercial vehicle segments. Growth was seen on a YoY and YTD basis, but the company’s exports ended on a low note.
Mahindra Sales in February 2024
Mahindra sees the utility vehicle segment with the Scorpio N, Bolero, XUV700 and Thar showing a 40 percent sales growth in February 2024. Last month sales were 30,221 to 42,401 units. The units were sold in February 2023.
| Mahindra PVS | Mahindra Sales |
| February 2024 | 42,401 |
| February 2023 | 30,221 |
| January | 43,068 |
MoM sales were slightly down from 43,068 units sold in January 2024. YTD sales also increased by 31 percent to 4,19,233 units, compared to 3,23,985 units sold in the same 11-month period April-February 2024. On the other hand. ,
passenger Vehicles Sales February 2024
| Category | Mahindra Sales February 2024 |
| Utility Vehicles | 42,401 |
Commercial Vehicles and 3-Wheelers Mahindra Sales February 2024
| Category | Mahindra Sales February 2024 Commercial |
| LCV<2T | 4,146 |
| LCV 2 T – 3.5 T | 15,779 |
| LCV>3.5T + MHCV | 2,900 |
| 3 Wheelers With Electric EV | 6,158 |
car and van sales declined 100 percent from 137 units sold in February 2023, while YTD sales fell 99 percent to 13 units from 2,271 units sold in April-February 2023.
Mahindra Sales February 2024 Exports
| Total Mahindra Exports February 2024 |
| 1,536 Units |
Total sales in the PV segment increased from 40 percent to 80.35 percent. Sold in February 2023, 42,401 units were sold in February 2024, while YTD sales grew by 30 percent from 3,23,256 units sold in April-February 2023. 2024 is the same period.
