Mahindra LogoMahindra Logo

Mahindra’s Auto Sector sells 39,230 vehicles during December 2019

Witnesses a growth of 10% in the Utility Vehicle segment

Mumbai, January 1, 2020: Mahindra & Mahindra Ltd. (M&M Ltd.), a part of the USD 20.7 billion Mahindra Group, today announced its auto sales performance for December 2019.

In the Passenger Vehicles segment (which includes UVs, Cars and Vans), Mahindra sold 15,691 vehicles in December 2019, compared to 15,091 vehicles December 2018, a growth of 4%.

In the Commercial Vehicles segment, the company sold 16,018 vehicles in December 2019, as against 16,906 vehicles in December 2018.

In the Medium and Heavy Commercial Vehicles segment, Mahindra sold 478 vehicles for the month. Exports for December 2019 stood at 2,149 vehicles.

The company’s overall automotive sales (Domestic + Exports) stood at 39,230 vehicles in December 2019, compared to 39,755 vehicles during December 2018.

Commenting on the performance, Veejay Ram Nakra, Chief of Sales and Marketing, Automotive Division, M&M Ltd. said, “Our performance in the month of December is as per year end sales outlook and currently we are also comfortable with our overall stock levels. As we get into the new year, we are fully equipped to roll out our BSVI products and have taken all requisite measures for a smooth transition over the next three months”.

Sales Summary December 2019
Category December YTD December
  F20 F19 % Change F20 F19 % Change
Passenger Vehicles 15691 15091 4% 152859 177074 -14%
Utility Vehicles 15225 13891 10% 146164 162949 -10%
Cars* + Vans 466 1200 -61% 6695 14125 -53%
Commercial Vehicles 17384 19673 -12% 142085 163493 -13%
LCV < 3.5T 15179 15537 -2% 148799 166199 -10%
LCV > 3.5T 361 545 -34% 5118 5814 -12%
MHCV 478 824 -42% 4186 8386 -50%
3W 5372 4693 14% 49786 48101 4%
Total Domestic Sales 37081 36690 1% 360748 405574 -11%
Total Exports 2149 3065 -30% 22872 28343 -19%
Total Sales (Domestic + Export) 39230 39755 -1% 383620 433917 -12%
*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