Mahindra's Auto Sector sells 45,155 vehicles during June 2018, a growth of 26%
Registers a growth of 20% for the first quarter
Mumbai, July 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 June 2018 which stood at 45,155 vehicles, compared to 35,759 vehicles during June 2017, a growth of 26%.
The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 18,137 vehicles in June 2018, as against 16,212 vehicles in June 2017, a growth of 12%. In the commercial vehicle segment, the company sold 19,229 vehicles in June 2018, registering a 27% growth. The domestic sales stood at 41,689 vehicles during June 2018, registering a growth of 23%. In the Medium and Heavy Commercial Vehicles segment, M&M sold 1,108 vehicles for the month, a growth of 58%. Exports for June 2018 stood at 3,466 vehicles, with a growth of 87%.
Commenting on the monthly performance, Rajan Wadhera, President, Automotive Sector, M&M Ltd. said, “We are happy to have garnered an overall growth of 26% for June. This growth is driven by both our commercial and personal vehicles portfolio. We hope that macro conditions such as fuel prices, interest rates and raw material prices remain at satisfactory levels to enable us and the auto industry to grow in the coming months”.
|Sales Summary June 2018|
|F19||F18||% Change||F19||F18||% Change|
|Cars* + Vans||1729||824||110%||4705||2913||62%|
|LCV < 3.5T||17125||13538||26%||51383||43009||19%|
|LCV > 3.5T||996||894||11%||2393||2028||18%|
|Total Domestic Sales||41689||33904||23%||130724||112503||16%|
|Total Sales (Domestic + Export)||45155||35759||26%||140101||117179||20%|
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:
Vice President (Communications)
Mahindra & Mahindra Ltd.
Office Direct Line – + 91 22 28468510
Office Email Address – firstname.lastname@example.org
Other Key Releases
From solar lamps and water jugs and even prosthetic limbs, 3D printing has the potential to drive positive change in the lives of people everywhere. The Mahindra Group has now designed and implemented a pilot project to bring its benefits to semi-urban and rural India.
2016 has gone down in history as Mahindra Racing's most successful Moto3™ World Championship campaign to date. Goals were achieved and surpassed, causing the bar to constantly raise as the season progressed.
Mahindra partners with IBM to develop cloud-based Block Chain application, one of the first projects of its kind in India outside of traditional banking.