Mahindra & Mahindra's LCV > 3.5T + MHCV reports 25% YoY surge in September 2024

The company sold 3,274 units in this segment, compared to 2,618 units in September 2023, marking a substantial increase in sales.

Autocar Pro News Desk By Autocar Pro News Desk calendar 01 Oct 2024 Views icon4182 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Mahindra & Mahindra's LCV > 3.5T + MHCV reports 25% YoY surge in September 2024

Mahindra & Mahindra (M&M), the Mumbai-based automotive giant, reported a significant 25% growth in the Light Commercial Vehicle (LCV) category weighing more than 3.5 tonnes, including medium and heavy commercial vehicles (MHCV), for September 2024.

The company sold 3,274 units in this segment, compared to 2,618 units in September 2023, marking a substantial increase in sales.

However, other segments showed mixed results. In the LCV category weighing less than 2 tonnes, sales saw a decline of 13%, with 3,444 units sold in September 2024, down from 3,941 units in the same month last year. Similarly, sales in the LCV category weighing between 2 and 3.5 tonnes dropped by 3%, with 16,988 units sold in September 2024 compared to 17,438 units in September 2023.

In the three-wheeler segment, including electric versions, the company saw a strong performance, with 10,044 units sold in September 2024, a 27% increase compared to 7,921 units in September 2023.

Veejay Nakra, President of the Automotive Division at M&M Ltd., said, "This month, we launched the all-new VEERO in the LCV <3.5-tonne segment, based on India’s first multi-energy modular CV platform. With best-in-class mileage, exceptional performance, industry-leading safety features, enhanced occupant protection, and a premium cabin experience, VEERO is set to disrupt the LCV <3.5-tonne space and has received a very positive response from the market."

RELATED ARTICLES
Ola Electric Warns of Temporary Dip in Vahan Portal Registrations

auther Angitha Suresh calendar19 Feb 2025

The company said it is renegotiating the contract for lowering costs.

Mahindra Expands Technical Training Capacity with New Kolkata Facility

auther Angitha Suresh calendar19 Feb 2025

The center can accommodate over 100 participants simultaneously and features five demonstration bays for hands-on traini...

JBM Ecolife Mobility Receives Rs 5,500 crore for 1,021 Electric Buses Under PM e-Bus Sewa Scheme-2

auther Sarthak Mahajan calendar19 Feb 2025

Transportation company secures contract to deploy electric buses across 19 cities in Gujarat, Maharashtra, and Haryana, ...

3.5T + MHCV reports 25% YoY surge in September 2024 | Autocar Professional' data-article-categoryname='Industry' data-article-tags='free' data-article-section='News' data-article-authorname='Autocar Pro News Desk' data-wrapping-element-id='conscent-paywall-content-122842' data-conscent-apiurl='https://api.conscent.in/api/v2' data-conscent-sdkurl='https://sdk-v2.conscent.in/csc-sdk.js' data-conscent-article-unlocked="0" data-scroll-article="0" data-conscent-initialized="0" data-conscent-dedupeinitcheck-firstarticle="0" data-article-pubdate="2024-10-01T13:36:22+05:30">