Mahindra's Auto Sector sells 48,097 vehicles during April 2018, a growth of 22%
Mumbai, May 1, 2018: Mahindra & Mahindra Ltd. (M&M Ltd.), a part of the USD 19 billion Mahindra Group, today announced its auto sales performance for April 2018 which stood at 48,097 vehicles, compared to 39,417 vehicles during April 2017, a growth of 22%.
The domestic sales stood at 45,217 vehicles during April 2018, registering a growth of 19%. In the Passenger Vehicles segment (which includes UVs, Cars and Vans) the company sold 21,927 vehicles, a growth of 13% and in the commercial vehicle segment, the company sold 18,963 vehicles, a 26% growth. In the Medium and Heavy Commercial Vehicles segment, M&M sold 904 vehicles for the month of April 2018. Exports stood at 2,880 vehicles for the month, a growth of 88%.
Commenting on the monthly performance, Rajan Wadhera, President, Automotive Sector, M&M Ltd. said, "After a good FY18, we have had a strong start to FY19, having registered a good growth of 22% for the month of April 2018. The company has achieved good growth both in the personal and commercial vehicle segments. We have also seen an encouraging response to our recent launch - the Plush New XUV500. The Truck and Bus division continues to outperform with a high Y-O-Y growth. Going forward, we are confident of this positive momentum continuing in Q1FY19".
|Sales Summary April 2018|
|Cars* + Vans||1556||1028||51%|
|LCV < 3.5T||17495||14360||22%|
|LCV > 3.5T||564||422||34%|
|Total Domestic Sales||45217||37889||19%|
|Total Sales (Domestic + Export)||48097||39417||22%|
*Above Domestic Sales Includes sales made in subsidiary company Mahindra Electric Mobility Ltd.
The Mahindra Group is a USD 19 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, defence, 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
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