Mahindra beats Hyundai in car sales & revenue

NEW DELHI: Mahindra & Mahindra has not solely clinched the Number 2 slot in sales of passenger autos, however the demand for its premium off-roaders has additionally meant that the corporate has moved forward of Korean Hyundai in revenue market share whereas getting the crown of the biggest SUV vendor in the nation.
Powered by sale of SUVs similar to Scorpio-N, Thar, XUV7OO and XUV3XO, Mahindra’s revenue in April-Jan 2024-25 stood at almost Rs 71,000 crore, a lot forward of Hyundai’s Rs 58,653 crore and that of others like Toyota (Rs 51,945 crore) and Tata Motors (Rs 48,976 crore), in line with the information accessed from analysis agency Jato. Only Maruti, the biggest PV participant, leads the section with a revenue of over Rs 1.2 lakh crore.
Rajesh Jejurikar, government director & CEO of Mahindra’s automotive and farm divisions, stated the corporate has a transparent concentrate on sustaining its quantity and worth management in SUVs, whereas driving in new “adventure-ready” off-roaders. “For us, revenue market share is a more critical metric, and so is having the top position in SUVs. And in this process, if we also become the No. 2 PV player during certain periods, that’s clearly an added bonus for us,” Jejurikar informed TOI.
According to JATO, whereas Maruti leads the PV revenue market with a share of 30%, Mahindra comes in second with 17%, Hyundai third with 14%, Toyota fourth with 12.5%, and Tata Motors fifth with 12% (in ten months of this fiscal).

In Jan this 12 months, Mahindra emerged because the second-largest PV vendor (behind solely Maruti Suzuki) because it offered 50,420 items towards 47,727 offered by Hyundai. Tarun Garg, chief working officer of Hyundai India, stated the corporate expects demand to return again following revenue tax leisure given in the Union Budget. “Despite geopolitical challenges, we remain optimistic that the proposed tax reforms in the Budget and improved liquidity will provide the much-needed demand boost.”
Mahindra has clearly gained from the rising demand for SUVs, particularly as the corporate refreshed its growing older fleet at a time when the optimistic pattern began to construct up for off-roaders. Rapidly-developing highways, higher inter-city connectivity, and altering way of life traits have fuelled the demand for SUVs, giving them a share in extra of fifty%.