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India's automakers experienced strong sales growth in November, boosted by the festive season. Bajaj Auto reported a 77% increase in domestic 2-wheeler sales, while Mahindra & Mahindra and Toyota Kirloskar saw 21 and 51% growth respectively. Hyundai Motor India sold 65,801 units, up 3% YoY.
Mahindra reported a sales growth as compared to November 2022 though domestic SUV sales were down compared to October 2023.
Mahindra & Mahindra Ltd. (M&M Ltd), one of India’s leading automotive companies, on Friday announced that its overall auto sales for the month of November 2023 stood at 70,576 vehicles, a growth of 21 per cent, including exports.
The comparison with November 2022 might be a `little tricky' because this year’s numbers include the festive season bookings, which happened in October last year. Nonetheless, business has been good
The company’s open bookings of SUVs stood at 2,86,000 units as of November 1