M&M's domestic CV wholesales surge 10% YoY to 23,997 units in September 2023
There was a positive growth trend observed in the LCV category, weighing between 2 and 3.5 tonnes.
Mahindra & Mahindra (M&M), the Mumbai-based automotive major, reported a significant increase in domestic sales for commercial vehicles, with a jump of 9.93% to 23,997 units, compared to 21,666 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 decline of 11% to 3,941 units in September 2023, compared to 4,452 units in September 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 a significant increase of 15% to 18,917 units in September 2023, compared to 16,413 units in September 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 remarkable growth of 42%. In September 2023, a total of 1,139 units were sold, compared to 801 units in September 2022.
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