Mumbai, December 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 November 2019.
In the Passenger Vehicles segment (which includes UVs, Cars and Vans), Mahindra sold 14,637 vehicles in November 2019, compared to 16,188 vehicles November 2018.
In the Commercial Vehicles segment, the company sold 17,384 vehicles in November 2019, as against 19,673 vehicles in November 2018.
In the Medium and Heavy Commercial Vehicles segment, Mahindra sold 311 vehicles for the month. Exports for November 2019 stood at 2,621 vehicles.
The company's overall automotive sales (Domestic + Exports) stood at 41,235 vehicles in November 2019, compared to 45,101 vehicles during November 2018.
Commenting on the performance, Veejay Ram Nakra, Chief of Sales and Marketing, Automotive Division, M&M Ltd. said, "The month post festive season is historically a lean month for the automotive industry. Consumer demand, especially for passenger vehicles, typically picks up in the year-end that is in December. Therefore, we expect December to pan out better for the automotive industry."
|Sales Summary November 2019|
|F20||F19||% Change||F20||F19||% Change|
|Cars* + Vans||476||1139||-58%||6229||12925||-52%|
|LCV < 3.5T||16700||18530||-10%||133620||150662||-11%|
|LCV > 3.5T||373||506||-26%||4757||5269||-10%|
|Total Domestic Sales||38614||41564||-7%||323667||368884||-12%|
|Total Sales (Domestic + Export)||41235||45101||-9%||344390||394162||-13%|
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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