Mahindra’s Auto Sector sells 48,324 vehicles during August 2018, a growth of 14%
Auto
Mumbai, September 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 August 2018 which stood at 48,324 vehicles, compared to 42,207 vehicles during August 2017, a growth of 14%.
The company’s domestic sales touched 45,373 vehicles during August 2018, registering a growth of 15%. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 19,758 vehicles in August 2018, as against 19,406 vehicles in August 2017.
In the commercial vehicles segment, the company sold 20,326 vehicles in August 2018, registering a 25% growth. In the Medium and Heavy Commercial Vehicles segment, M&M sold 1,148 vehicles for the month, a significant growth of 113%. Exports for August 2018 stood at 2,951 vehicles, a growth of 14%.
Commenting on the monthly performance, Rajan Wadhera, President, Automotive Sector, M&M Ltd. said, “The auto industry remained subdued in August with low sentiments due to some external factors. Our CV portfolio including our Trucks and Buses continue to post robust growth. With the launch of the Marazzo scheduled next week, we hope to see buoyancy in our passenger vehicle numbers. With the upcoming festive season, we do expect a much improved traction for passenger and commercial vehicles alike”.
| Sales Summary August 2018 | ||||||
| August | Cumulative August | |||||
| F19 | F18 | % Change | F19 | F18 | % Change | |
| Passenger Vehicles | 19758 | 19406 | 2% | 100318 | 96435 | 4% |
| Utility Vehicles | 17892 | 18255 | -2% | 91845 | 90489 | 1% |
| Cars* + Vans | 1866 | 1151 | 62% | 8473 | 5946 | 42% |
| Commercial Vehicles | 20326 | 16303 | 25% | 96550 | 77779 | 24% |
| LCV < 3.5T | 18584 | 15346 | 21% | 87752 | 72116 | 22% |
| LCV > 3.5T | 594 | 419 | 42% | 3620 | 3052 | 19% |
| MHCV | 1148 | 538 | 113% | 5178 | 2611 | 98% |
| 3W | 5289 | 3906 | 35% | 23834 | 17738 | 34% |
| Total Domestic Sales | 45373 | 39615 | 15% | 220702 | 191952 | 15% |
| Total Exports | 2951 | 2592 | 14% | 14922 | 9253 | 61% |
| Total Sales (Domestic + Export) | 48324 | 42207 | 14% | 235624 | 201205 | 17% |
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.
Landline – + 91 22 28468510
Email – [email protected]
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