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Mahindra’s Auto Sector sells 51,896 vehicles during October 2019

Mumbai, November 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 October 2019.

In the Passenger Vehicles segment (which includes UVs, Cars and Vans), Mahindra sold 18,460 vehicles in October 2019, compared to 24,066 vehicles in October 2018.

In the Commercial Vehicles segment, the company sold 23,582 vehicles in October 2019, as against 24,353 vehicles in October 2018.

In the Medium and Heavy Commercial Vehicles segment, Mahindra sold 402 vehicles for the month. Exports for October 2019 stood at 2,703 vehicles.

The company's overall automotive sales (Domestic + Exports) stood at 51,896 vehicles in October 2019, compared to 58,416 vehicles during October 2018.

Commenting on the performance, Veejay Ram Nakra, Chief of Sales and Marketing, Automotive Division, M&M Ltd. said, "The festive month of October 2019 was excellent for Mahindra, with retail volume exceeding wholesale by approximately 40%. This robust retail performance was contributed by both passenger & commercial vehicles. Further, our billing numbers are in line with what we had planned for the month, since the objective was to significantly correct our channel inventory. We hope to see the positive consumer sentiment continue going forward."

Sales Summary October 2019
Category October YTD October
  F20 F19 % Change F20 F19 % Change
Passenger Vehicles 18460 24066 -23% 122531 145795 -16%
Utility Vehicles 17785 22279 -20% 116778 134009 -13%
Cars* + Vans 675 1787 -62% 5753 11786 -51%
Commercial Vehicles 23582 24353 -3% 124701 143820 -13%
LCV < 3.5T 22725 23157 -2% 116920 132132 -12%
LCV > 3.5T 455 513 -11% 4384 4763 -8%
MHCV 402 683 -41% 3397 6925 -51%
3W 7151 6931 3% 37821 37705 0%
Total Domestic Sales 49193 55350 -11% 285053 327320 -13%
Total Exports 2703 3066 -12% 18102 21741 -17%
Total Sales (Domestic + Export) 51896 58416 -11% 303155 349061 -13%
*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 - nair.mohan@mahindra.com