Advertisements
News

Mahindra’s Auto Sector Sells 40,142 Vehicles During July 2019

Mahindra & Mahindra Ltd., a part of the USD 20.7 billion Mahindra Group, today announced its auto sales performance for July 2019.

In the Passenger Vehicles segment (which includes UVs, Cars and Vans), Mahindra sold 16,831 vehicles in July 2019, compared to 19,781 vehicles in July 2018.

In the Commercial Vehicles segment, the company sold 15,969 vehicles in July 2019, as against 19,284 vehicles in July 2018.

In the Medium and Heavy Commercial Vehicles segment, Mahindra sold 417 vehicles for the month. Exports for July 2019 stood at 2,668 vehicles.

The company’s Auto Sector overall sales (Domestic + Exports) stood at 40,142 vehicles in July 2019, compared to 47,199 vehicles during July 2018.

Commenting on the performance, Veejay Ram Nakra, Chief of Sales and Marketing, Automotive Division, M&M Ltd. said, “The headwinds faced by the automotive industry continue as a result of subdued consumer sentiment, triggered by various factors. The industry needs stimuli to help revive consumer demand and conversions. We hope that the overall buying sentiment will improve in the run-up to the festive season and with the monsoon turning out to be better than initially anticipated.”

Sales Summary July 2019      
CategoryJulyJulyJulyYTD JulyYTD JulyYTD July
 F20F19% ChangeF20F19% Change
Passenger Vehicles1683119781-15%7623180560-5%
Utility Vehicles1600317879-10%7209873953-3%
Cars* + Vans8281902-56%41336607-37%
Commercial Vehicles1596919284-17%6756376224-11%
LCV < 3.5T1487417785-16%6234269168-10
LCV > 3.5T6786337%29883026-1%
MHCV417866-52%22334030-45%
3W46745540-16%1781018545-4%
Total Domestic Sales3747444605-16%161604175329-8%
Total Exports266825943%1022711970-15%
Total Sales (Domestic + Export)4014247199-15%171831187299-8%

*Above Domestic Sales Includes sales made in subsidiary company Mahindra Electric Mobility Ltd

Advertisements

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: