Mahindra & Mahindra Ltd. (M&M Ltd.), a part of the USD 20.7 billion Mahindra Group, today announced its auto sales performance for August 2019.2019-09-01T12:48:18.281 | India
Mumbai, September 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 August 2019.
In the Passenger Vehicles segment (which includes UVs, Cars and Vans), Mahindra sold 13,507 vehicles in August 2019, compared to 19,758 vehicles in August 2018.
In the Commercial Vehicles segment, the company sold 14,684 vehicles in August 2019, as against 20,326 vehicles in August 2018.
In the Medium and Heavy Commercial Vehicles segment, Mahindra sold 354 vehicles for the month. Exports for August 2019 stood at 2,521 vehicles.
The company's Auto Sector overall sales (Domestic + Exports) stood at 36,085 vehicles in August 2019, compared to 48,324 vehicles during August 2018.
Commenting on the performance, Veejay Ram Nakra, Chief of Sales and Marketing, Automotive Division, M&M Ltd. said, "The auto industry continues to be subdued in the month of August due to several external factors. We are optimistic and hopeful of a good festive season going ahead".
|Sales Summary August 2019|
|F20||F19||% Change||F20||F19||% Change|
|Cars* + Vans||470||1866||-75%||4603||8473||-46%|
|LCV < 3.5T||13855||18584||-25%||76197||87752||-13%|
|LCV > 3.5T||475||594||-20%||3463||3620||-4%|
|Total Domestic Sales||33564||45373||-26%||195168||220702||-12%|
|Total Sales (Domestic + Export)||36085||48324||-25%||207916||235623||-12%|
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
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Mahindra & Mahindra Ltd.
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