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

09 January 2024
By Prathu Sharma
0

In this December 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.

December 2023 - Mahindra Car Sales Figures - YoY Change

Top Gainers (YoY):
- Scorpio N + Classic (D1 - SUV): The Scorpio-N + Classic reported a substantial Year-on-Year (YoY) increase of 62.14%, with sales rising from 7,003 units in December 2022 to 11,355 units in December 2023. This significant growth indicates strong consumer demand for this SUV model, potentially influenced by factors such as product updates, marketing strategies, or favourable market conditions.
- Thar (B2 - SUV): Thar experienced remarkable YoY growth, with sales surging by 71.7%. The numbers rose from 3,374 units in December 2022 to 5,793 units in December 2023.
- Bolero + Neo (B2 - SUV): Bolero + Neo reported a YoY increase of 9.36%, with sales climbing from 7,311 units in December 2022 to 7,995 units in December 2023.
Top Losers (YoY):
- XUV300 (B2 - SUV): XUV300 experienced a significant YoY decline of -26.8%, with sales dropping from 4,850 units in December 2022 to 3,550 units in December 2023.
- Marazzo (C2 - MPV): Marazzo reported a substantial YoY decrease of -63.74%, with sales declining from 171 units in December 2022 to 62 units in December 2023.

MAHINDRA CAR SALES - DECEMBER 2023 YOY CHANGE
Rank	Model	Segment	Body-Type	Dec 2023	Dec 2022	Change	%Change	Trend
1	Scorpio N + Classic	D1	SUV	11,355	7,003	4,352	62.14%
2	Bolero + Neo	B2	SUV	7,995	7,311	684	9.36%
3	XUV700	D1	SUV	5,881	5,623	258	4.59%
4	Thar	B2	SUV	5,793	3,374	2,419	71.7%
5	XUV300	B2	SUV	3,550	4,850	-1,300	-26.8%
6	XUV400	B2	SUV	535	-	-	-	-
7	Marazzo	C2	MPV	62	171	-109	-63.74%
8	KUV100	B1	Hatch	-	1	-	-	-

December 2023 - Mahindra Car Sales Figures - MoM Change

Top Gainers (MoM):
- Marazzo (C2 - MPV): Marazzo experienced a notable Month-on-Month (MoM) increase of 26.53%, with sales rising from 49 units in November 2023 to 62 units in December 2023. While the overall sales volume is relatively low, this positive trend indicates improved performance, suggesting potential factors such as marketing initiatives or increased demand in the MPV segment.
Top Losers (MoM):
- XUV400 (B2 - SUV): XUV400 reported the highest MoM decline among Mahindra models, with a decrease of -24.65%. Sales dropped from 710 units in November 2023 to 535 units in December 2023.
- XUV300 (B2 - SUV): XUV300 also witnessed a significant MoM decrease of -24.03%, with sales falling from 4,673 units in November 2023 to 3,550 units in December 2023.
- XUV700 (D1 - SUV): XUV700 reported a MoM decline of -18.56%, with sales decreasing from 7,221 units in November 2023 to 5,881 units in December 2023.

MAHINDRA CAR SALES - DECEMBER 2023 MOM CHANGE
Rank	Model	Segment	Body-Type	Dec 2023	Nov 2023	Change	%Change	Trend
1	Scorpio N + Classic	D1	SUV	11,355	12,185	-830	-6.81%
2	Bolero + Neo	B2	SUV	7,995	9,333	-1,338	-14.34%
3	XUV700	D1	SUV	5,881	7,221	-1,340	-18.56%
4	Thar	B2	SUV	5,793	5,810	-17	-0.29%
5	XUV300	B2	SUV	3,550	4,673	-1,123	-24.03%
6	XUV400	B2	SUV	535	710	-175	-24.65%
7	Marazzo	C2	MPV	62	49	13	26.53%

Mahindra — 6-Month Sales Trend (July 2023 - December 2023)

MAHINDRA CARS 6 MONTH SALES TREND JULY 2023 - DECEMBER 2023
Model	Segment	Body-Type	Jul 2023	Aug 2023	Sep 2023	Oct 2023	Nov 2023	Dec 2023	6 Month Avg
Scorpio N + Classic	D1	SUV	10,522	9,898	11,846	12,185	11,355	11,113	11,153
Bolero + Neo	B2	SUV	8,921	9,092	9,519	9,333	7,995	9,200	9,010
XUV700	D1	SUV	6,176	6,512	8,555	7,221	5,881	7,192	6,923
Thar	B2	SUV	5,265	5,951	5,417	5,810	5,793	5,323	5,593
XUV300	B2	SUV	4,533	4,992	4,961	4,673	3,550	4,853	4,594
XUV400	B2	SUV	707	778	825	710	535	741	716
Marazzo	C2	MPV	81	47	144	49	62	82	78

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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.