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Mahindra’s Auto Sector sells 47,199 vehicles during July 2018, a growth of 13%

Auto

Home Newsroom Press Release Mahindra’s Auto Sector sells 47,199 vehicles during July 2018, a growth of 13%
Author : mahindraadmin   Category : Auto   Published : 8/1/2018

Mumbai, August 1, 2018: Mahindra & Mahindra Ltd. (M&M Ltd.), a part of the USD 20.7 billion Mahindra Group, today announced its auto sales performance for July 2018 which stood at 47,199 vehicles, compared to 41,819 vehicles during July 2017, a growth of 13%.

The company’s domestic sales touched 44,605 vehicles during July 2018, registering a growth of 12%. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 19,781 vehicles in July 2018, as against 21,034 vehicles in July 2017.

In the commercial vehicles segment, the company sold 19,284 vehicles in July 2018, registering a 28% growth. In the Medium and Heavy Commercial Vehicles segment, M&M sold 866 vehicles for the month, a growth of 32%. Exports for July 2018 stood at 2,594 vehicles, a growth of 31%.

Commenting on the monthly performance, Rajan Wadhera, President, Automotive Sector, M&M Ltd. said, "The auto industry has been subject to certain uncertainties with the truckers strike and sluggishness on the retail front which has impacted the passenger vehicle segment. Demand for our commercial vehicles continues to be strong and the newly launched Furio range of ICVs augurs well for our M&HCV business. As we move into the festive season, we are confident of seeing a turnaround in the overall buying sentiment, coupled with the just announced Mahindra Marazzo, which is scheduled for launch next month”.

Sales Summary July 2018
  July Cumulative July
  F19 F18 % Change F19 F18 % Change
Passenger Vehicles 19781 21034 -6% 80560 77029 5%
Utility Vehicles 17879 19152 -7% 73953 72234 2%
Cars* + Vans 1902 1882 1% 6607 4795 38%
Commercial Vehicles 19284 15023 28% 76224 61476 24%
LCV < 3.5T 17785 13761 29% 69168 56770 22%
LCV > 3.5T 633 605 5% 3026 2633 15%
MHCV 866 657 32% 4030 2073 94%
3W 5540 3777 47% 18545 13832 34%
Total Domestic Sales 44605 39834 12% 175329 152337 15%
Total Exports 2594 1985 31% 11971 6661 80%
Total Sales (Domestic + Export) 47199 41819 13% 187300 158998 18%
*Above Domestic Sales Includes sales made in subsidiary company Mahindra Electric Mobility Ltd

About Mahindra

The Mahindra Group is a USD 20.7 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It enjoys a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company, by volume. It also enjoys a strong presence in agribusiness, aerospace, commercial vehicles, components, defense, logistics, real estate, renewable energy, speedboats and steel, amongst other businesses. Headquartered in India, Mahindra employs over 2,40,000 people across 100 countries.

Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise

Media contact information:
Mohan Nair
Vice President (Communications)
Mahindra & Mahindra Ltd.
Office Direct Line – + 91 22 28468510
Office Email Address – [email protected]

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