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Mahindra's Auto Sector sells 45,155 vehicles during June 2018, a growth of 26%

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Home Newsroom Press Release Mahindra's Auto Sector sells 45,155 vehicles during June 2018, a growth of 26%
Author : mahindraadmin   Category : Auto   Published : 7/1/2018

Registers a growth of 20% for the first quarter

Mumbai, July 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 June 2018 which stood at 45,155 vehicles, compared to 35,759 vehicles during June 2017, a growth of 26%.

The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 18,137 vehicles in June 2018, as against 16,212 vehicles in June 2017, a growth of 12%. In the commercial vehicle segment, the company sold 19,229 vehicles in June 2018, registering a 27% growth. The domestic sales stood at 41,689 vehicles during June 2018, registering a growth of 23%. In the Medium and Heavy Commercial Vehicles segment, M&M sold 1,108 vehicles for the month, a growth of 58%. Exports for June 2018 stood at 3,466 vehicles, with a growth of 87%.

Commenting on the monthly performance, Rajan Wadhera, President, Automotive Sector, M&M Ltd. said, “We are happy to have garnered an overall growth of 26% for June. This growth is driven by both our commercial and personal vehicles portfolio. We hope that macro conditions such as fuel prices, interest rates and raw material prices remain at satisfactory levels to enable us and the auto industry to grow in the coming months”.

Sales Summary June 2018
Category June Cumulative June
  F19 F18 % Change F19 F18 % Change
Passenger Vehicles 18137 16212 12% 60779 55995 9%
Utility Vehicles 16408 15388 7% 56074 53082 6%
Cars* + Vans 1729 824 110% 4705 2913 62%
Commercial Vehicles 19229 15132 27% 56940 46453 23%
LCV < 3.5T 17125 13538 26% 51383 43009 19%
LCV > 3.5T 996 894 11% 2393 2028 18%
MHCV 1108 700 58% 3164 1416 123%
3W 4323 2560 69% 13005 10055 29%
Total Domestic Sales 41689 33904 23% 130724 112503 16%
Total Exports 3466 1855 87% 9377 4676 101%
Total Sales (Domestic + Export) 45155 35759 26% 140101 117179 20%
*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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