Mahindra has released its November 2021 sales figures. While the utility vehicle market is growing, owing to the recently launched Mahindra XUV700, the car and van segment is down 69 percent year on year. Sales of commercial vehicles, which include LCVs, MHCVs, and three-wheelers, fell 33 percent year over year, while sales of farm equipment were down 15 percent year over year.
Mahindra UV Sales
Mahindra’s utility vehicle category grew by 8% year on year to 19,384 units in November 2021, up from 17,971 in November 2020. It was also a 51 percent year-over-year increase, with 1,31,434 units sold compared to 86,959 units sold in the same period in 2020. The Bolero, Scorpio, XUV700, and Thar are Mahindra’s top vehicles in this market, according to the company.
Mahindra Car Sales
Sales of cars and vans fell by 69 percent to 74 units this month, down from 241 units in November 2020. However, year-to-date sales increased by 12% to 1,509 units, up from 1,350 units sold in the same period in 2020. Thus, total passenger car sales grew 7% YoY to 19,458 units, while YTD sales increased 51% to 1,32,943 units, compared to 88,309 units sold from April to November 2020. Sales of commercial vehicles fell by 36% and 19% in the LCV sub 2T and LCV 2T-3.5T sectors, respectively, while growth was reported at 10% in the LCV 3.5T and MHCV categories. In November 2020, 2,409 LCVs in the under 2T sector were sold, down from 3,755 in November 2020. However, year-to-date sales grew by 4% to 18,679 units, compared to 17,993 units sold in the same period in 2020.
Mahindra LCV(Light Commerical vehicles) Sales
The LCV 2T-3.5T segment saw a 19 percent decline in sales to 12,049 units, down from 14,799 units sold in November 2020, while YTD sales fell 6% to 77,649 units. Last month, sales in the 3.5T and MHCV categories were 521 units, up 10% from 475 units sold in November 2020, while YTD sales increased 107 percent to 3,737 units from 1,805 units sold in April to November 2020. Three-wheeler sales decreased by 33% year over year to 2,564 units, but YTD sales grew by 111% to 16,876 units, up from 8,001 units sold the previous year. The FURIO 7 LCV truck line has been in high demand in Indian markets. Exports, on the other hand, increased by 90% year over year to 3,101 units, up from 1,636 in November 2020. Year-to-date exports