Mahindra & Mahindra’s Impressive 16% Growth in Automotive Sales in December 2024
In a significant development, Mahindra & Mahindra (M&M Ltd.) has reported a remarkable 16% increase in total automotive sales, reaching a total of 69,768 units in December according to an exchange filing on Wednesday. This surge in sales marks a significant milestone for the company and showcases its strong performance in the automotive sector.
Domestic Sales Success:
The company achieved notable success in its domestic sales, with 41,424 vehicles sold in the utility vehicle category, representing an 18% increase. The total sales, including exports, reached 42,958 vehicles, while commercial vehicle domestic sales reached 19,502 units. This impressive performance underscores Mahindra & Mahindra’s position as a key player in the automotive market.
New Year Special:
As the year came to a close, Mahindra & Mahindra celebrated a series of achievements, including becoming the only Indian auto company to attain the Dow Jones Sustainability Index (DJSI) world leader status within the auto sector. This recognition is a testament to the company’s commitment to environmental, social, and governance (ESG) performance, placing them at the forefront of global sustainability efforts.
Passenger Vehicle and Farm Equipment Sector Growth:
The company’s passenger vehicle division recorded a substantial 22% increase in total exports, reaching 402,360 units in the financial year 2025. In the farm equipment sector, domestic sales reached 22,019 units in December 2024, compared to 18,028 units in the previous year. Total tractor sales, including domestic and exports, reached 22,943 units in December 2024, reflecting a significant increase from the previous year. Export figures for the month stood at 924 units, highlighting the company’s success in international markets.
Positive Outlook:
Mahindra & Mahindra’s President of the Automotive Division, Veejay Nakra, expressed optimism about the future, stating, “The tractor industry is poised for significant growth, underpinned by positive agricultural sentiments and favorable terms of trade for farmers.” This positive outlook bodes well for the company’s continued success in the coming months.
In conclusion, Mahindra & Mahindra’s impressive growth in automotive sales in December 2024 underscores its position as a leader in the industry. With a strong focus on sustainability and a commitment to excellence, the company is well-positioned for continued success in the future.
