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.”

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