Mahindra's Auto Sector sells 55,722 vehicles during January 2019

Witnesses a growth of 7% over the previous year

Mumbai, February 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 January 2019 which stood at 55,722 vehicles, compared to 52,063 vehicles during January 2018, a growth of 7%.

The company's domestic sales touched 52,500 vehicles during January 2019, as against 49,432 vehicles in January 2018, a growth of 6%. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 23,872 vehicles in January 2019, as against 23,686 vehicles in January 2018.

In the Commercial Vehicles segment, the company sold 22,625 vehicles in January 2019, as against 21,002 vehicles in January 2018, a growth of 8%. In the Medium and Heavy Commercial Vehicles segment, M&M sold 849 vehicles for the month. Exports for January 2019 stood at 3,222 vehicles, a growth of 22%.

Commenting on the performance, Rajan Wadhera, President, Automotive Sector, M&M Ltd. said, "The first month of the new calendar year continues to be on an overall growth path. There is buoyancy in rural growth, commodity costs are levelling, fuel prices are coming down and we see improvement in Forex movement, which in turn will drive positive customer sentiment. Having successfully established the Marazzo & Alturas brands and with the upcoming launch of our new compact SUV, the XUV300, we are positive on our outlook".

Sales Summary January 2019

Category January YTD January
  F19 F18 % Change F19 F18 % Change
Passenger Vehicles 23872 23686 1% 200946 200561 0%
Utility Vehicles 22263 22235 0% 185212 188345 -2%
Cars* + Vans 1609 1451 11% 15734 12216 29%
Commercial Vehicles 22625 21002 8% 203024 170361 19%
LCV < 3.5T 21035 19309 9% 187234 157296 19%
LCV > 3.5T 741 644 15% 6555 5786 13%
MHCV 849 1049 -19% 9235 7279 27%
3W 6003 4744 27% 54104 42885 26%
Total Domestic Sales 52500 49432 6% 458074 413807 11%
Total Exports 3222 2631 22% 31565 22143 43%
Total Sales (Domestic + Export) 55722 52063 7% 489639 435950 12%
*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

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