M&M's domestic CV wholesales surge 22.6% YoY to 25,715 units in October 2023

Mahindra & Mahindra (M&M), the Mumbai-based automotive major reported a significant increase in domestic sales for commercial vehicles, with a jump of 22.6% to 25,715 units, compared to 20,980 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 5% to 4,335 units in October 2023, compared to 4,562 units in October  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 29% to 20,349 units in October  2023, compared to 15,728 units in October 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 49%. In October 2023, a total of 1,031 units were sold, compared to 690 units in October 2022.