Mumbai, October 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 September 2019.
In the Passenger Vehicles segment (which includes UVs, Cars and Vans), Mahindra sold 14,333 vehicles in September 2019, compared to 21,411 vehicles in September 2018.
In the Commercial Vehicles segment, the company sold 18,872 vehicles in September 2019, as against 22,917 vehicles in September 2018.
In the Medium and Heavy Commercial Vehicles segment, Mahindra sold 408 vehicles for the month. Exports for September 2019 stood at 2,651 vehicles.
The company's overall automotive sales (Domestic + Exports) stood at 43,343 vehicles in September 2019, compared to 55,022 vehicles during September 2018.
Commenting on the performance, Veejay Ram Nakra, Chief of Sales and Marketing, Automotive Division, M&M Ltd. said, "We are positive that this festive season, with the onset of Navratra, will augur well for us and the automotive industry. This, in addition to factors such as the good monsoon and recently announced positive government initiatives should help revive the industry in the short term."
|Sales Summary September 2019|
|F20||F19||% Change||F20||F19||% Change|
|Cars* + Vans||475||1526||-69%||5078||9999||-49%|
|LCV < 3.5T||17998||21223||-15%||94195||108975||-14%|
|LCV > 3.5T||466||630||-26%||3929||4250||-8%|
|Total Domestic Sales||40692||51268||-21%||235860||271970||-13%|
|Total Sales (Domestic + Export)||43343||55022||-21%||251259||290645||-14%|
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.
Landline – + 91 22 28468510
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