Mahindra & Mahindra Ltd. (M&M Ltd.), a part of the USD 20.7 billion Mahindra Group, today announced its auto sales performance for August 2019.
In the Passenger Vehicles segment (which includes UVs, Cars and Vans), Mahindra sold 13,507 vehicles in August 2019, compared to 19,758 vehicles in August 2018.
In the Commercial Vehicles segment, the company sold 14,684 vehicles in August 2019, as against 20,326 vehicles in August 2018.
In the Medium and Heavy Commercial Vehicles segment, Mahindra sold 354 vehicles for the month. Exports for August 2019 stood at 2,521 vehicles.
The company’s Auto Sector overall sales (Domestic + Exports) stood at 36,085 vehicles in August 2019, compared to 48,324 vehicles during August 2018.
Commenting on the performance, Veejay Ram Nakra, Chief of Sales and Marketing, Automotive Division, M&M Ltd. said, “The auto industry continues to be subdued in the month of August due to several external factors. We are optimistic and hopeful of a good festive season going ahead”.
|Aug F20||Aug F19||% Change||FYF20||FYF19||% Change|
|Cars* + Vans||470||1866||-75%||4603||8473||-46%|
|LCV < 3.5T||13855||18584||-25%||76197||87752||-13%|
|LCV > 3.5T||475||594||-20%||3463||3620||-4%|
|Total Domestic Sales||33564||45373||-26%||195168||220702||-12%|
|Total Sales (Domestic + Export)||36085||48324||-25%||207916||235623||-12%|
*Above Domestic Sales Includes sales made in subsidiary company Mahindra Electric Mobility Ltd