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Mahindra Sales Breakup (November 2022) – XUV700, Bolero, Thar & More
Mahindra continues to showcase very strong sales figures in India with a very consistent YoY sales growth in the country.
That being said, the month of November was not so different for the Indian automaker as the company managed to sell more than 30,000 units of its cars. Despite being an outdated model, it was Mahindra Bolero became the company's best-seller.
Mahindra Bolero (7,984 units)
Mahindra Bolero SUV once again took the top spot as the company manage to sell 7,984 units of the SUV in November 2022. Moreover, YoY sales figures improved by more than 46 per cent as the company managed to sell just 5,442 units of the SUV in November 2021. On the other hand, MoM sales dropped by 8.9 per cent.
Mahindra Scorpio (6,455 units)
Mahindra Scorpio became the second-highest selling model for Mahindra in November 2022 by selling 6,455 units in November 2022, thus resulting in a YoY sales hike of more than 91 per cent. In comparison, MoM sales figures dipped by more than 13 per cent as the company managed to sell 7,438 units in October 2022.
Mahindra XUV300 (5,903 units)
The Mahindra XUV300 has been slowly gaining market share in the Indian automobile market and the company managed to sell 5,903 units of the sub-4m SUV in November 2022. This has resulted in more than 47 per cent growth in YoY sales. However, MoM sales for the XUV300 SUV dipped by 6 per cent as the company managed to sell 6,282 units of the SUV in October 2022.
Mahindra XUV700 (5,701 units)
Mahindra sold 5,701 units of the Mahindra XUV700 SUV in November 2022, helping the brand maintain its growth and resulting in YoY sales growth of more than 77 per cent. However, despite strong sales growth, MoM sales dipped by almost 2 per cent as the company managed to sell 5,815 units of the SUV in October 2022.
Mahindra Thar (3,987 units)
Mahindra Thar has become an iconic SUV for Mahindra and in November 2022, the company has sold 3,987 units of Thar SUV in India, resulting in a YoY sales increase of more than 25 per cent. In comparison, MoM sales figures for the SUV also increased by almost 9 per cent.
Mahindra Marazzo (201 units)
Though Mahindra Marazzo is a spacious MPV with decent performance, the lack of focus from the manufacturer has resulted in 3-digit sales figures. However, YoY sales have improved by more than 103 per cent as the company managed to sell 201 units in November 2022. In comparison, MoM sales figures dipped by almost 6 per cent.
Mahindra e-Verito (28 units)
The Mahindra e-Verito is a popular vehicle as Taxi in many metro cities. However, the company could only manage to sell 28 units in November 2022. This sales performance has resulted in YoY sales increase of 75 per cent. However, we expect sales to increase in the coming months due to stronger demand for EVs.
Mahindra Alturas (5 units)
When launched, the Mahindra Alturas seemed to be a very promising SUV. It offered outstanding road presence, refined performance and decent NVH levels. However, the lack of focus meant the SUV could never reach its full potential and the company could only sell 5 units of this SUV in November 2022, resulting in YoY and MoM sales dip of more than 93 and 87 per cent, respectively.
Thoughts About Mahindra's Sales Performance
Though the MoM sales figures are down marginally, Mahindra has witnessed a very strong growth in terms of YoY sales figures. Moreover, with further improvement in production figures, we expect Mahindra to sell more vehicles in the coming months as well. Furthermore, the new launches have definitely worked very well for the automaker.
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