Mahindra smashes sales records in October: SUVs lead the charge

Mahindra & Mahindra achieved record SUV sales of 54,504 vehicles in October. Additionally, the company reached its highest-ever total volume, selling 96,648 units, including exports. It was an impressive month for Mahindra, as they recorded 170,000 bookings for the Thar Roxx within the first hour, coinciding with their attractive festive deals.

According to Veejay Nakra, President, Automotive Division, M&M Ltd., “We are excited to have clocked the highest-ever SUV sales of 54504 vehicles in October, a growth of 25 per cent and highest ever total volume of 96648, a growth of 20 per cent. The month began on a fantastic note with Thar ROXX garnering 1.7 lakh bookings in the first 60 minutes and the positive momentum continued across the SUV portfolio through the festive season.”

Mahindra October sales: 25% YoY growth

It would be an understatement to say that October was a good month for Mahindra as it recorded its best SUV sales. With 54,504 vehicles sold last month, the SUV maker saw a year-on-year (YoY) growth of 25 per cent as it sold 43,708 units in October 2024. In FY 2025, sales surged by 22 per cent, reaching 314,714 vehicles compared to 258,612 units in FY 2024.

Mahindra XUV700 Burnt Sienna (Image: Mahindra)

September 2024 was a historic month for Mahindra as it leapfrogged Tata Motors and snatched the third position behind Maruti Suzuki and Hyundai. Interestingly enough, the Mahindra was just 39 units shy of Hyundai from securing second spot. Mahindra clocked 51,062 units crossing the 50,000 landmark for the first time. The company saw a YoY of 23.7 per cent in September 2024. 

Also ReadMaruti Suzuki Chairman sounds alarm on decline in sub-10 lakh segment

Mahindra PVs Sales 2024PVs Sales 2023YoY GrowthOctober 54,054 units43,708 units25%September51,062 units41,267 units23.7%August43,277 units37,270 units16.1%July41,623 units36,205 units15%Mahindra PV sales since July 2024  » Read More

Related Articles

How to use your tax-free foreign remittance limit of Rs 10 lakh wisely in FY26?

In the February 2025 budget, Finance Minister Nirmala Sitharaman increased the TCS-free limit under the Liberalised Remittance Scheme (LRS) from Rs 7 lakh to Rs 10 lakh. This means that you can now send up to Rs 10 lakh abroad without any additional tax. This is especially a relief for those who spend a limited

Spot power prices falls 15% on year in FY25 as supply improves

Electricity prices in the spot market declined by 15% on year to Rs 4.47 per unit in FY25 despite increasing demand as the sell liquidity increased, data from Indian Energy Exchange showed.  Given the increase in demand, the power ministry took various measures throughout the year to enhance power supply including extending the directive for

JP Morgan raises global recession risk to 60% after Trump tariffs, markets in freefall as China retaliates

Wall Street brokerage JP Morgan increased the risk of a global recession to 60% this week after US President Donald Trump announced sweeping reciprocal tariffs. The firm cited “disruptive American politics” as being the “biggest risk to the global outlook” while increasing its projection from an earlier estimate of 40% in a research report that

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

How to use your tax-free foreign remittance limit of Rs 10 lakh wisely in FY26?

In the February 2025 budget, Finance Minister Nirmala Sitharaman increased the TCS-free limit under the Liberalised Remittance Scheme (LRS) from Rs 7 lakh to Rs 10 lakh. This means that you can now send up to Rs 10 lakh abroad without any additional tax. This is especially a relief for those who spend a limited

Spot power prices falls 15% on year in FY25 as supply improves

Electricity prices in the spot market declined by 15% on year to Rs 4.47 per unit in FY25 despite increasing demand as the sell liquidity increased, data from Indian Energy Exchange showed.  Given the increase in demand, the power ministry took various measures throughout the year to enhance power supply including extending the directive for

JP Morgan raises global recession risk to 60% after Trump tariffs, markets in freefall as China retaliates

Wall Street brokerage JP Morgan increased the risk of a global recession to 60% this week after US President Donald Trump announced sweeping reciprocal tariffs. The firm cited “disruptive American politics” as being the “biggest risk to the global outlook” while increasing its projection from an earlier estimate of 40% in a research report that

Oil prices plunge to four-year low amid OPEC+ surprise and trade war escalation, Brent sinks over 10% in 2 days

Oil markets were rocked for a second consecutive day as prices tumbled to their lowest levels since 2021. Brent crude, the global benchmark, has plunged more than 10% in just two days, with Thursday alone seeing a 6.4% drop — its steepest fall since 2022. The sudden collapse came as traders reacted to a surprise

Rupee pares initial gains, settles 5 paise up at 85.25 against US dollar 

The rupee pared its initial gains and settled for the day higher by 5 paise at 85.25 (provisional) against the US dollar on risk aversion in global markets amid trade tariff worries. Forex traders said during the day, the domestic unit gained on weak US dollar index and a sharp decline in crude oil prices