Mahindra Auto zooms ahead

Mahindra & Mahindra Ltd. (M&M Ltd) reported a strong performance in December 2024, with total vehicle sales reaching 69,768 units, reflecting a solid growth of 16% compared to the previous year. This figure includes both domestic and export sales, showcasing the company's continued strength in the automotive sector. Mahindra's Utility Vehicle sales showed impressive growth in December 2024, with the company selling 41,424 units in the domestic market, reflecting an 18% increase.

Including exports, the total sales in the segment reached 42,958 vehicles. In addition, the company’s Commercial Vehicle segment also performed well, with 19,502 units sold domestically. This solid performance across both segments highlights Mahindra's strong position in the automotive market as it continues to meet the demand for both utility and commercial vehicles. The company sold 41,424 utility vehicles, marking an 18% increase compared to the same month last year. This contributed to a 21% growth in overall passenger vehicle sales for the year-to-date, with 4,02,360 units sold in 2024.

In contrast, the car and van segment saw no sales in December, continuing the downward trend from previous months. Despite this, Mahindra's continued strength in the utility vehicle market helped maintain positive overall sales growth. — FPJ