[Auto] Mahindra continues robust run, clocks highest-ever SUV sales again in October

[Desire-]

Homegrown auto major Mahindra & Mahindra continued its bullish run, clocking its highest-ever SUV volume in the domestic market for the fourth consecutive month in October.

Mahindra offers SUVs like the Scorpio-N, Scorpio Classic, XUV700, XUV300, Thar, Bolero and Bolero Neo.

In October, Mahindra sold 43,708 units of SUVs, logging a growth of 36% over 32,226 units despatched in the same month last year.

"While the strong festive demand should see us continue our growth momentum in November, we will keep a close watch of select supply related challenges," said Veejay Nakra, President, Automotive Division, Mahindra & Mahindra.

The SUV volume of Mahindra stood at 36,205 units in July, which was a record for the company then. The company broke its own record in August with 37,270 units and then broke it again in September with 41,267 units.

Nakra recently told India Today that the SUV capacity of the company will increase to 49,000 units in the fourth quarter of the current fiscal (FY24).

He said that the company is increasing the capacity on the brands where the waiting period is high, basically the Scorpio-N, XUV700 and Thar.

Mahindra's SUV volume

 

 

Month	FY24 (units)	FY23 (units)	Growth
October	43,708	32,226	36%
September	41,267	34,262	20%
August	37,270	29,516	26%
July	36,205	27,854	30%

 

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