Mahindra posts an overall sales growth when other players are on a low
Mahindra & Mahindra Ltd. (M&M Ltd.), today announced its auto sales performance for June 2019. M&M sold 17,723 Utility Vehicles in June 2019, a growth of 8% over June 2018. They achieved this sales growth when other car makers are mostly on the decline.
The Passenger Vehicles (PV) segment (which includes UVs, Cars and Vans) sold 18,826 vehicles in June 2019, as against 18,137 vehicles during the same period last year, a growth of 4%.
In the Commercial Vehicles segment, the company sold 16,394 vehicles in June 2019, as against 19,229 vehicles in June 2018.
In the Medium and Heavy Commercial Vehicles segment, M&M sold 705 vehicles for the month.
Exports for June 2019 stood at 3,076 vehicles.
The company’s Auto Sector overall sales (Domestic + Exports) stood at 42,547 vehicles, compared to 45,155 vehicles during June 2018.
Sales Summary June 2019
|
Category |
June |
YTD June |
||||
|
|
F20 |
F19 |
% Change |
F20 |
F19 |
% Change |
|
Passenger Vehicles |
18826 |
18137 |
4% |
59400 |
60779 |
-2% |
|
Utility Vehicles |
17723 |
16408 |
8% |
56095 |
56074 |
0% |
|
Cars* + Vans |
1103 |
1729 |
-36% |
3305 |
4705 |
-30% |
|
Commercial Vehicles |
16394 |
19229 |
-15% |
51594 |
56940 |
-9% |
|
LCV < 3.5T |
14863 |
17125 |
-13% |
47468 |
51383 |
-8% |
|
LCV > 3.5T |
826 |
996 |
-17% |
2310 |
2393 |
-3% |
|
MHCV |
705 |
1108 |
-36% |
1816 |
3164 |
-43% |
|
3W |
4251 |
4323 |
-2% |
13136 |
13005 |
1% |
|
Total Domestic Sales |
39471 |
41689 |
-5% |
124130 |
130724 |
-5% |
|
Total Exports |
3076 |
3466 |
-11% |
7559 |
9376 |
-19% |
|
Total Sales (Domestic + Export) |
42547 |
45155 |
-6% |
131689 |
140100 |
-6% |
Commenting on the monthly performance,Veejay Ram Nakra, Chief of Sales and Marketing, Automotive Division, M&M Ltd. said, “The market sentiment continued to remain subdued, especially in the Passenger Vehicles segment. At Mahindra, we are happy to register a growth of 4% in the Passenger Vehicles segment and 8% in the Utility Vehicles segment, on the back of our three recent product launches. Further, we continued to correct our channel inventory both in the personal and commercial vehicle segments in June 2019.”
