Mahindra had an increase of 25% sales which is highest-ever in October 2024
Mahindra sold 54504 units in October 2024. The company has sold the most SUVs. The company has grown by 24.70% year-on-year. Sales have also increased on the basis of monthly sales. MoM sales numbers increased by 6.74% from 51062 units sold in September 2024. Total exports increased by 89%.
Mahindra & Mahindra has revised the sales report issued for October 2024. This Indian automobile company has sold more than 54 SUVs during this festive season so far. Simultaneously, it is the biggest number of pieces ever in the history of the company. This sale simply means that from Navratri to Diwali, people have bought Mahindra's Scorpio-N, Thar Rocks, XUV700, XUV 3XO, and Bolero and other SUV vehicles.
In this October, Mahindra & Mahindra Company has sold 54504 units of its various SUVs. Correspondingly, on a year-over-year basis, the rate of sale increased by 25%. The company sold 43708 passenger cars in the Indian market corresponding to October 2023, one year ago. A total of 96648 vehicles across all vehicle segments have been sold by the company in October 2024, showing growth on a monthly as well as yearly basis. While selling in the Indian market, the company has exported 3506 automobiles, including SUVs and other segment vehicles.
YTD sales in F25 also increased by 4% at 50,440 units against 48,628 units in F24. Speaking of exports, Mahindra has fared rather well in the global market. The company dispatched 3,506 units last month, which is an increase of 89% on the corresponding period a year ago. This is more compared to the 1,854 units it exported in October 2023. In addition, exports increased 13% on a year-over-year basis to 18,233 units during the current F25 period versus 16,170 units during the April–October 2023 comparison period.
According to President Veejay Nakra, Automotive Division, Mahindra & Mahindra, on the sales for October 2024, "We have touched the highest number ever, which was 54504 units in the domestic market.". With this, we have grown 25% year-on-year. The month of October itself started on a great note. Positive momentum in its SUV portfolio was seen by the company during the festival season. To note, new Rocks have seen encouraging demand with 1.7 lakh unit bookings opening the order book for the first 1 hour. Bolero, Scorpio-N, and XUV700 remain popular models. The revamped volume has also got some contribution from XUV 3XO.
