Mahindra and Mahindra Ltd reported a 16% rise in overall vehicle sales in December 2024 to reach 69,768 units, for all divisions.
Amongst this impressive tally were Ute sales soaring by 18%, while commercial vehicles reached 19,502 units.
Meanwhile, Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES) part of the Mahindra Group, reported a 22% increase in domestic sales at 22,019 units, compared to 18,028 units in December 2023. Total tractor sales (domestic and exports) were at 22,943 in December, compared to 19,139 units for the same period last year.
While for the full 2024 year, tractor sales in the domestic market increased by 9%, selling 324,327 units as opposed to 297,157 units in 2023.
Export sales increased by 28%, according to its 2024 Year-to-Date Tractor Sales Report, reflecting a substantial increase in Mahindra’s overall export performance. In December 2024, the company’s export sales hit 12,296 units, up from 9,585 units in December 2023. In December 2024, Mahindra sold 336,623 units overall, up 10% from 306,742 units sold in the same month last year.
The company’s passenger vehicle division also showed strong growth with a 22% increase in exports to reach 402,360 units for the financial year.
