January 2024 Mahindra Car Sales Analysis - YoY, MoM Change, 6-Month Trend | V3Cars

13 February 2024
By Prathu Sharma
0

In this January 2024 Mahindra car sales analysis, we’ll look at the car sales of Mahindra for the previous month. We’ll also compare the YoY and MoM change to find out which Mahindra cars’ sales improved and which ones declined. Lastly, the table with monthly sales for the last 6 months will give you an idea about the 6-month sales trend of all Mahindra cars.

January 2024 - Mahindra Car Sales Figures - YoY Change

Top Gainers: The Scorpio-N + Classic model has seen the most significant growth with a 64% increase in sales from January 2023 to January 2024. This is followed by the Thar model, which saw a 37.39% increase in sales.
Top Losers: The Marazzo model has seen the most significant decrease with a -80.49% change in sales from January 2023 to January 2024. This is followed by the XUV300 model, which saw a -10.63% decrease in sales.
New Entrant: The XUV400 is a new entrant in the market as it has sales data only for January 2024.
Overall Trend: SUVs continue to dominate Mahindra’s sales, occupying all the top 6 ranks. The only MPV, Marazzo, is at the bottom of the list.
Highest Selling Model: The Scorpio N + Classic is the highest selling model in January 2024 with 14,293 units sold.
Lowest Selling Model: The Marazzo is the lowest selling model in January 2024 with only 32 units sold.

MAHINDRA CAR SALES - JANUARY 2024 YOY CHANGE
Rank	Model	Segment	Body-Type	Jan 2024	Jan 2023	Change	%Change	Trend
1	Scorpio N + Classic	D1	SUV	14,293	8,715	5,578	64%
2	Bolero + Neo	B2	SUV	9,964	8,574	1,390	16.21%
3	XUV700	D1	SUV	7,206	5,787	1,419	24.52%
4	Thar	B2	SUV	6,059	4,410	1,649	37.39%
5	XUV300	B2	SUV	4,817	5,390	-573	-10.63%
6	XUV400	B2	SUV	697	-	-	-	-
7	Marazzo	C2	MPV	32	164	-132	-80.49%

January 2024 - Mahindra Car Sales Figures - MoM Change

Top Gainers: The XUV300 and XUV400 models have shown the highest percentage increase in sales from December 2023 to January 2024, with a growth of 35.69% and 30.28% respectively. This suggests a strong demand for these models in the market.
Top Seller: The Scorpio-N + Classic model continues to be the top-selling model with 14,293 units sold in January 2024, a significant increase of 25.87% from the previous month.
Steady Performers: The Bolero + Neo and XUV700 models have also shown a healthy growth in sales with an increase of 24.63% and 22.53% respectively.
Least Growth: The Thar model has shown the least growth among the SUVs with an increase of only 4.59%.
Top Loser: The Marazzo model, which is an MPV, has seen a decrease in sales by 48.39%, indicating a drop in its demand.

MAHINDRA CAR SALES - JANUARY 2024 MOM CHANGE
Rank	Model	Segment	Body-Type	Jan 2024	Dec 2023	Change	%Change	Trend
1	Scorpio N + Classic	D1	SUV	14,293	11,355	2,938	25.87%
2	Bolero + Neo	B2	SUV	9,964	7,995	1,969	24.63%
3	XUV700	D1	SUV	7,206	5,881	1,325	22.53%
4	Thar	B2	SUV	6,059	5,793	266	4.59%
5	XUV300	B2	SUV	4,817	3,550	1,267	35.69%
6	XUV400	B2	SUV	697	535	162	30.28%
7	Marazzo	C2	MPV	32	62	-30	-48.39%

Mahindra — 6-Month Sales Trend (August 2023 - January 2024)

MAHINDRA CARS 6 MONTH SALES TREND AUGUST 2023 - JANUARY 2024
Model	Segment	Body-Type	Aug 2023	Sep 2023	Oct 2023	Nov 2023	Dec 2023	Jan 2024	6 Month Avg
Scorpio N + Classic	D1	SUV	9,898	11,846	12,185	11,355	14,293	12,193	11,962
Bolero + Neo	B2	SUV	9,092	9,519	9,333	7,995	9,964	9,258	9,194
XUV700	D1	SUV	6,512	8,555	7,221	5,881	7,206	7,445	7,137
Thar	B2	SUV	5,951	5,417	5,810	5,793	6,059	5,771	5,800
XUV300	B2	SUV	4,992	4,961	4,673	3,550	4,817	4,643	4,606
XUV400	B2	SUV	778	825	710	535	697	697	707
Marazzo	C2	MPV	47	144	49	62	32	71	68

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ABOUT THE AUTHOR

Prathu Sharma

Engineer by upbringing, artist by passion, motorhead because ,why not! Likes to know about everything related to technology, switches between american muscle and german innovation depending on the day. Wants to own 69' Mustang Mach 1 and to drive BMW M3 87'someday.