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Mahindra's Auto Sector sells 45,101 vehicles during November 2018, a growth of 17%

Auto

Home Newsroom Press Release Mahindra's Auto Sector sells 45,101 vehicles during November 2018, a growth of 17%
Author : mahindraadmin   Category : Auto   Published : 12/1/2018

Mumbai, December 1, 2018: Mahindra & Mahindra Ltd. (M&M Ltd.), a part of the USD 20.7 billion Mahindra Group, today announced its auto sales performance for November 2018 which stood at 45,101 vehicles, compared to 38,570 vehicles during November 2017, a growth of 17%.

The company’s domestic sales touched 41,564 vehicles during November 2018, as against 36,039 vehicles in November 2017, a growth of 15%. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 16,188 vehicles in November 2018, as against 16,030 vehicles in November 2017.

In the Commercial Vehicles segment, the company sold 19,673 vehicles in November 2018, registering a 26% growth. In the Medium and Heavy Commercial Vehicles segment, M&M sold 637 vehicles for the month. Exports for November 2018 stood at 3,537 vehicles, a growth of 40%.

Commenting on the monthly performance, Rajan Wadhera, President, Automotive Sector, M&M Ltd. said, “We have registered a double-digit growth in our overall sales. However, adverse macro-economic conditions have impacted the growth forecast for the automotive industry in general. Going forward, we hope that decrease in fuel prices and improving liquidity will drive demand for passenger vehicles. At Mahindra, we remain upbeat due to our new product launches of Marazzo, Alturas G4 and the upcoming launch of our new SUV codenamed S201.”

Sales Summary November 2018
  November Cumulative November
  F19 F18 % Change F19 F18 % Change
Passenger Vehicles 16188 16030 1% 161983 161332 0%
Utility Vehicles 15049 14958 1% 149058 151596 -2%
Cars* + Vans 1139 1072 6% 12925 9736 33%
Commercial Vehicles 19673 15554 26% 163493 131817 24%
LCV < 3.5T 18530 14262 30% 150662 122238 23%
LCV > 3.5T 506 500 1% 5269 4542 16%
MHCV 637 792 -20% 7562 5037 50%
3W 5703 4455 28% 43408 34247 27%
Total Domestic Sales 41564 36039 15% 368884 327396 13%
Total Exports 3537 2531 40% 25278 17291 46%
Total Sales (Domestic + Export) 45101 38570 17% 394162 344687 14%
*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 – [email protected]

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