Mumbai, October 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 September 2019.
In the Passenger Vehicles segment (which includes UVs, Cars and Vans), Mahindra sold 14,333 vehicles in September 2019, compared to 21,411 vehicles in September 2018.
In the Commercial Vehicles segment, the company sold 18,872 vehicles in September 2019, as against 22,917 vehicles in September 2018.
In the Medium and Heavy Commercial Vehicles segment, Mahindra sold 408 vehicles for the month. Exports for September 2019 stood at 2,651 vehicles.
The company’s overall automotive sales (Domestic + Exports) stood at 43,343 vehicles in September 2019, compared to 55,022 vehicles during September 2018.
Commenting on the performance, Veejay Ram Nakra, Chief of Sales and Marketing, Automotive Division, M&M Ltd. said, “We are positive that this festive season, with the onset of Navratra, will augur well for us and the automotive industry. This, in addition to factors such as the good monsoon and recently announced positive government initiatives should help revive the industry in the short term.”
| Sales Summary September 2019 | ||||||
| Category | September | YTD September | ||||
| F20 | F19 | % Change | F20 | F19 | % Change | |
| Passenger Vehicles | 14333 | 21411 | -33% | 104071 | 121729 | -15% |
| Utility Vehicles | 13858 | 19885 | -30% | 98993 | 111730 | -11% |
| Cars* + Vans | 475 | 1526 | -69% | 5078 | 9999 | -49% |
| Commercial Vehicles | 18872 | 22917 | -18% | 101119 | 119467 | -15% |
| LCV < 3.5T | 17998 | 21223 | -15% | 94195 | 108975 | -14% |
| LCV > 3.5T | 466 | 630 | -26% | 3929 | 4250 | -8% |
| MHCV | 408 | 1064 | -62% | 2995 | 6242 | -52% |
| 3W | 7487 | 6940 | 8% | 30670 | 30774 | 0% |
| Total Domestic Sales | 40692 | 51268 | -21% | 235860 | 271970 | -13% |
| Total Exports | 2651 | 3754 | -29% | 15399 | 18675 | -18% |
| Total Sales (Domestic + Export) | 43343 | 55022 | -21% | 251259 | 290645 | -14% |
*Above Domestic Sales Includes sales made in subsidiary company Mahindra Electric Mobility Ltd
