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Mahindra's Auto Sector sells 39,755 vehicles during December 2018

Witnesses a growth of 13% during the first nine months of FY19

Mumbai, January 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 December 2018 which stood at 39,755 vehicles, compared to 39,200 vehicles during December 2017.

The company's domestic sales touched 36,690 vehicles during December 2018, as against 36,979 vehicles in December 2017. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 15,091 vehicles in December 2018, as against 15,543 vehicles in December 2017.

In the Commercial Vehicles segment, the company sold 16,906 vehicles in December 2018, as against 17,542 vehicles in December 2017. In the Medium and Heavy Commercial Vehicles segment, M&M sold 824 vehicles for the month. Exports for December 2018 stood at 3,065 vehicles, a growth of 38%.

Commenting on the performance, Rajan Wadhera, President, Automotive Sector, M&M Ltd. said, "We are happy to have ended the first nine months of the year on a positive growth of 13%, and are particularly buoyed by our ongoing strong performance in Exports. However in domestic market, challenges relating to tight liquidity and low buying sentiment continue the de-growth for December. We hope to see good performance in Q4, owing to the anticipated rural demand because of the harvesting season and the launch of our new XUV300 in February 2019".

Sales Summary December 2018
Category December YTD December
  F19 F18 % Change F19 F18 % Change
Passenger Vehicles 15091 15543 -3% 177074 176875 0%
Utility Vehicles 13891 14514 -4% 162949 166110 -2%
Cars* + Vans 1200 1029 17% 14125 10765 31%
Commercial Vehicles 16906 17542 -4% 180399 149359 21%
LCV < 3.5T 15537 15749 -1% 166199 137987 20%
LCV > 3.5T 545 600 -9% 5814 5142 13%
MHCV 824 1193 -31% 8386 6230 35%
3W 4693 3894 21% 48101 38141 26%
Total Domestic Sales 36690 36979 -1% 405574 364375 11%
Total Exports 3065 2221 38% 28343 19512 45%
Total Sales (Domestic + Export) 39755 39200 1% 433917 383887 13%
*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