Mahindra emerges out to be the winner in terms of volume and revenue growth in Passenger vehicle segment.

While other listed car makers struggle to see single digit growth, Mahindra saw double digit growth.

Company name - Change in Volume - Change in Revenue

1. M&M - 22.5% - 22.2%
2. Tata - 2.1% - 5.4%
3. Maruti Suzuki - 1.4% - 4.1%
4. Hyundai - 0.7% - 1.2%
5. Toyota (Not listed) - 37.7% - 30.6%

(All growth numbers are in positive, comparison is 11 months of 2023 vs 2024)

Revenue and Volume in first 11 months of 2024

1. Mahindra - ₹74,868 crore, 4.87 lakh cars
2. Tata - ₹55,872 crore, 5.18 lakh cars
3. Maruti Suzuki - ₹1.35 lakh crore, 16.25 lakh cars
4. Hyundai - ₹65,190 crore, 5.63 lakh cars
5. Toyota - ₹57,083 crore, 2.72 lakh cars

Source - Jato Dynamics