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November 2023 Mahindra Car Sales Analysis - YoY, MoM Change, 6-Month Trend | V3Cars

In this November 2023 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.

Mahindra Sales

November 2023 - Mahindra Car Sales Figures - YoY Change

  • Scorpio N + Classic (D1 SUV): Secured the top position as the highest gainer with an impressive 88.77% YoY growth. This substantial increase in sales suggests a strong market reception for the Scorpio N + Classic SUV model compared to the same period last year.
  • Bolero + Neo (B2 SUV): Showed significant growth with a YoY increase of 16.9%. This indicates continued demand for the Bolero + Neo SUV model, contributing to its positive performance in the market.
  • XUV700 (D1 SUV): Experienced a notable YoY growth of 26.66%, indicating sustained popularity and market acceptance for the XUV700 SUV model.
  • Thar (B2 SUV): Demonstrated substantial YoY growth at 45.72%, reflecting a strong market demand for the Thar SUV compared to the same period last year.
  • XUV300 (B2 SUV): Experienced a decline in sales with a YoY decrease of 20.84%. This indicates a challenging market situation or increased competition in the compact SUV segment.
  • XUV400 (B2 SUV): Introduced this year with 710 units sold in November 2023, and as a new model, there is no YoY comparison available. Further observation is needed to assess its performance in the market.
  • Marazzo (C2 MPV): Witnessed a significant YoY decline of 75.62%, suggesting a substantial drop in sales for the Marazzo MPV model compared to the same period last year.
  • Alturas G4 (D2 SUV): With no sales reported in November 2023, it appears that the Alturas G4 model may be discontinued or facing challenges in the market.
  • E-Verito (C1 Sedan) and KUV100 (B1 Hatch): Both models did not report any sales in November 2023. The absence of sales data may indicate challenges or changes in the market positioning for these models.
  • These insights are based on the Year-over-Year (YoY) comparisons between November 2023 and November 2022, providing an overview of the performance and trends for the specified models and segments.

MAHINDRA CAR SALES - NOVEMBER 2023

YOY CHANGE

Rank

Model

Segment

Body-Type

Nov 2023

Nov 2022

Change

%Change

Trend

1

Scorpio N + Classic

D1

SUV

12,185

6,455

5,730

88.77%

2

Bolero + Neo

B2

SUV

9,333

7,984

1,349

16.9%

3

XUV700

D1

SUV

7,221

5,701

1,520

26.66%

4

Thar

B2

SUV

5,810

3,987

1,823

45.72%

5

XUV300

B2

SUV

4,673

5,903

-1,230

-20.84%

6

XUV400

B2

SUV

710

-

-

-

-

7

Marazzo

C2

MPV

49

201

-152

-75.62%

8

Alturas G4

D2

SUV

-

5

-

-

-

9

E-Verito

C1

Sedan

-

28

-

-

-

10

KUV100

B1

Hatch

-

2

-

-

-

November 2023 - Mahindra Car Sales Figures - MoM Change

  • Scorpio N + Classic (D1 SUV): Experienced a 10.26% MoM decrease in sales. While the model remains popular, a decline in sales suggests a potential shift in consumer preferences or market dynamics compared to the previous month.
  • Bolero + Neo (B2 SUV): Demonstrated a MoM decrease of 3.25%. This decline in sales may be influenced by various factors, such as market competition or specific challenges faced by the model in the given month.
  • XUV700 (D1 SUV): Recorded a notable MoM decrease of 22.33%. The decrease in sales could be attributed to various factors, including market conditions, competition, or specific circumstances affecting the XUV700 in the given month.
  • Thar (B2 SUV): Showed a 3.88% MoM increase in sales. The positive growth indicates sustained or increased demand for the Thar model compared to the previous month.
  • XUV300 (B2 SUV): Experienced a 3.95% MoM decrease in sales. This decline could be influenced by market dynamics, competitive factors, or specific challenges faced by the XUV300 in the given month.
  • XUV400 (B2 SUV): Demonstrated an 11.11% MoM increase in sales. As a relatively new model, this positive growth suggests potential market acceptance and increasing demand for the XUV400.
  • Marazzo (C2 MPV): Witnessed a significant 44.94% MoM decrease in sales. This sharp decline may be attributed to specific challenges or market conditions affecting the Marazzo in the given month.

MAHINDRA CAR SALES - NOVEMBER 2023

MOM CHANGE

Rank

Model

Segment

Body-Type

Nov 2023

Oct 2023

Change

%Change

Trend

1

Scorpio N + Classic

D1

SUV

12,185

13,578

-1,393

-10.26%

2

Bolero + Neo

B2

SUV

9,333

9,647

-314

-3.25%

3

XUV700

D1

SUV

7,221

9,297

-2,076

-22.33%

4

Thar

B2

SUV

5,810

5,593

217

3.88%

5

XUV300

B2

SUV

4,673

4,865

-192

-3.95%

6

XUV400

B2

SUV

710

639

71

11.11%

7

Marazzo

C2

MPV

49

89

-40

-44.94%

Mahindra — 6-Month Sales Trend (June 2023 - November 2023)

MAHINDRA CARS 6 MONTH SALES TREND

JUNE 2023 - NOVEMBER 2023

Model

Segment

Body-Type

Jun 2023

Jul 2023

Aug 2023

Sep 2023

Oct 2023

Nov 2023

6 Month Avg

Scorpio N + Classic

D1

SUV

8,648

10,522

9,898

11,846

12,185

11,113

10,702

Bolero + Neo

B2

SUV

8,686

8,921

9,092

9,519

9,333

9,200

9,125

XUV700

D1

SUV

5,391

6,176

6,512

8,555

7,221

7,192

6,841

Thar

B2

SUV

3,899

5,265

5,951

5,417

5,810

5,323

5,278

XUV300

B2

SUV

5,094

4,533

4,992

4,961

4,673

4,853

4,851

XUV400

B2

SUV

788

707

778

825

710

741

758

Marazzo

C2

MPV

79

81

47

144

49

82

80

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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.

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