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Mahindra's Auto Sector sells 46,849 vehicles during May 2018, a growth of 12%

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Home Newsroom Press Release Mahindra's Auto Sector sells 46,849 vehicles during May 2018, a growth of 12%
Author : mahindraadmin   Category : Auto   Published : 6/1/2018

Mumbai, June 1, 2018: Mahindra & Mahindra Ltd. (M&M Ltd.), a part of the USD 19 billion Mahindra Group, today announced its auto sales performance for May 2018 which stood at 46,849 vehicles, compared to 42,003 vehicles during May 2017, a growth of 12%.

The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 20,715 vehicles in May 2018, a growth of 2%. In the commercial vehicle segment, the company sold 18,748 vehicles in May 2018, registering a 15% growth. The domestic sales stood at 43,818 vehicles during May 2018, registering a growth of 8%. In the Medium and Heavy Commercial Vehicles segment, M&M sold 1,152 vehicles for the month. Exports for May 2018 stood at 3,031 vehicles, with a high growth of 134%.

Commenting on the monthly performance, Rajan Wadhera, President, Automotive Sector, M&M Ltd. said, “May has relatively been a subdued month compared to April. At Mahindra we have by and large maintained our growth momentum during the month of May 2018, especially in Commercial Vehicles. On the back of a buoyant economy, our MHCV division continues to outperform. Exports have also been strong with a high growth. With the forecast of an upcoming normal monsoon we are confident of good growth in the coming months”.

Sales Summary May 2018
  May Cumulative May
  F19 F18 % Change F19 F18 % Change
Passenger Vehicles 20715 20392 2% 42642 39783 7%
Utility Vehicles 19295 19331 0% 39666 37694 5%
Cars* + Vans 1420 1061 34% 2976 2089 42%
Commercial Vehicles 18748 16261 15% 37711 31321 20%
LCV < 3.5T 16763 15111 11% 34258 29471 16%
LCV > 3.5T 833 712 17% 1397 1134 23%
MHCV 1152 438 163% 2056 716 187%
3W 4355 4057 7% 8682 7495 16%
Total Domestic Sales 43818 40710 8% 89035 78599 13%
Total Exports 3031 1293 134% 5911 2821 110%
Total Sales (Domestic + Export) 46849 42003 12% 94946 81420 17%
*Above Domestic Sales Includes sales made in subsidiary company Mahindra Electric Mobility Ltd

About Mahindra

The Mahindra Group is a USD 19 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, defence, 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.
Office Direct Line – + 91 22 28468510
Office Email Address – [email protected]

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