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

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.

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

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