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Mahindra’s Auto Sector sells 48,324 vehicles during August 2018, a growth of 14%

Today announced its auto sales performance for August 2018 which stood at 48,324 vehicles, compared to 42,207 vehicles during August 2017, a growth of 14%.

Mumbai, September 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 August 2018 which stood at 48,324 vehicles, compared to 42,207 vehicles during August 2017, a growth of 14%.

The company’s domestic sales touched 45,373 vehicles during August 2018, registering a growth of 15%. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 19,758 vehicles in August 2018, as against 19,406 vehicles in August 2017.

In the commercial vehicles segment, the company sold 20,326 vehicles in August 2018, registering a 25% growth. In the Medium and Heavy Commercial Vehicles segment, M&M sold 1,148 vehicles for the month, a significant growth of 113%. Exports for August 2018 stood at 2,951 vehicles, a growth of 14%.

Commenting on the monthly performance, Rajan Wadhera, President, Automotive Sector, M&M Ltd. said, “The auto industry remained subdued in August with low sentiments due to some external factors. Our CV portfolio including our Trucks and Buses continue to post robust growth. With the launch of the Marazzo scheduled next week, we hope to see buoyancy in our passenger vehicle numbers. With the upcoming festive season, we do expect a much improved traction for passenger and commercial vehicles alike”.

Sales Summary August 2018
  August Cumulative August
  F19 F18 % Change F19 F18 % Change
Passenger Vehicles 19758 19406 2% 100318 96435 4%
Utility Vehicles 17892 18255 -2% 91845 90489 1%
Cars* + Vans 1866 1151 62% 8473 5946 42%
Commercial Vehicles 20326 16303 25% 96550 77779 24%
LCV < 3.5T 18584 15346 21% 87752 72116 22%
LCV > 3.5T 594 419 42% 3620 3052 19%
MHCV 1148 538 113% 5178 2611 98%
3W 5289 3906 35% 23834 17738 34%
Total Domestic Sales 45373 39615 15% 220702 191952 15%
Total Exports 2951 2592 14% 14922 9253 61%
Total Sales (Domestic + Export) 48324 42207 14% 235624 201205 17%
*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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