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Mahindra's Auto Sector registers overall growth of 11% in FY-19

Sells 62,952 vehicles during March 2019

Mumbai, April 1, 2019: Mahindra & Mahindra Ltd. (M&M Ltd.), a part of the USD 20.7 billion Mahindra Group, today announced its auto sales performance for the financial year ended March 31, 2019, which stood at 6,08,596 vehicles, compared to 5,49,153 vehicles during FY-18, registering a growth of 11%. For the month of March 2019 the company sold 62,952 vehicles, a marginal growth over March 2018.

The company’s domestic sales touched 59,012 vehicles during March 2019, as against 58,652 vehicles in March 2018.

The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 27,646 vehicles in March 2019, registering a growth of 4%.

In the Commercial Vehicles segment, the company sold 24,423 vehicles in March 2019, as against 25,495 vehicles in March 2018.

In the Medium and Heavy Commercial Vehicles segment, M&M sold 917 vehicles for the month. Exports for March 2019 stood at 3,940 vehicles, a growth of 15%.

Commenting on the performance, Rajan Wadhera, President, Automotive Sector, M&M Ltd. said, "We have closed FY-19 with robust double digit growth of 11% at an overall level, despite strong headwinds faced by the Indian automotive industry this year. This growth has been supported by our three new product launches, which have been well received in the market. The commercial vehicles segment and exports have also posted strong growth rates of 15% and 37% respectively."

Sales Summary March 2019
Category March YTD March
  F19 F18 % Change F19 F18 % Change
Passenger Vehicles 27646 26555 4% 254701 249505 2%
Utility Vehicles 25801 24593 5% 235362 233915 1%
Cars* + Vans 1845 1962 -6% 19339 15590 24%
Commercial Vehicles 24423 25495 -4% 248601 216802 15%
LCV < 3.5T 22471 23053 -3% 229352 199574 15%
LCV > 3.5T 1035 1065 -3% 8411 7744 9%
MHCV 917 1377 -33% 10838 9484 14%
3W 6943 6602 5% 66699 54625 22%
Total Domestic Sales 59012 58652 1% 570001 520932 9%
Total Exports 3940 3424 15% 38595 28221 37%
Total Sales (Domestic + Export) 62952 62076 1% 608596 549153 11%

*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.
Landline – + 91 22 28468510
Email- nair.mohan@mahindra.com