In October, homegrown automaker Mahindra & Mahindra recorded its highest-ever SUV volume in the domestic market for the fourth straight month.
SUVs from Mahindra include the Scorpio-N, Scorpio Classic, XUV700, XUV300, Thar, Bolero, and Bolero Neo.
Mahindra sold 43,708 SUVs in October, a 36% increase over the 32,226 cars sold in the same month previous year.
“While strong festive demand should see us maintain our growth momentum in November, we will keep a close eye on select supply-related challenges,” stated Veejay Nakra, President, Mahindra & Mahindra’s Automotive Division.
Mahindra’s SUV volume in July was 36,205 units, a record for the firm at the time. In August, the firm beat its own record with 37,270 units, and then again in September with 41,267 units.
![](https://axpertmedia.in/wp-content/uploads/2023/11/Mahindra-Scorpio-N-header-1024x576.jpg)
According to Nakra, the company’s SUV capacity would expand to 49,000 units in the fourth quarter of the current fiscal year (FY24).
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He stated that the business is raising capacity on the brands with the longest wait times, including 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% |
Source – Company