M&M’s domestic CV wholesales surges 13.37% YoY to 22,211 units in November 2023
LCV category less than 2 tonnes experienced a jump of 54% to 4083 units in November 2023.
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Mahindra & Mahindra (M&M), the Mumbai-based automotive major, reported a significant increase in domestic sales for commercial vehicles (CV), with a jump of 13.37% to 22,211 units during November 2023, compared to 19,591 units in the same month last year.
According to the data provided by M&M, the sales of vehicles in the Light Commercial Vehicle (LCV) category weighing less than 2 tonnes experienced a jump of 54% to 4083 units in November 2023, compared to 2643 units in November 2022.
However, there was a positive growth trend observed in the LCV category, weighing between 2 and 3.5 tonnes. Sales in this category saw an increase of 7% to 17284 units in November 2023, compared to 16193 units in November 2022.
Moving on to the LCV category weighing more than 3.5 tonnes, including medium and heavy commercial vehicles (MHCV), the sales figures showed a growth of 12%. In October 2023, a total of 844 units were sold, compared to 755 units in November 2022.
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