Mahindra Auto registers 8% growth in Utility Vehicles segment in June 2019
Auto
- Mahindra's Passenger Vehicles segment grows 4% in June 2019
- Growth led by its 3 recent product launches, in an otherwise slow market
Mumbai, July 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 June 2019. M&M sold 17,723 Utility Vehicles in June 2019, a growth of 8% over June 2018.
The Passenger Vehicles (PV) segment (which includes UVs, Cars and Vans) sold 18,826 vehicles in June 2019, as against 18,137 vehicles during the same period last year, a growth of 4%.
In the Commercial Vehicles segment, the company sold 16,394 vehicles in June 2019, as against 19,229 vehicles in June 2018.
In the Medium and Heavy Commercial Vehicles segment, M&M sold 705 vehicles for the month. Exports for June 2019 stood at 3,076 vehicles.
The company's Auto Sector overall sales (Domestic + Exports) stood at 42,547 vehicles, compared to 45,155 vehicles during June 2018.
Commenting on the monthly performance, Veejay Ram Nakra, Chief of Sales and Marketing, Automotive Division, M&M Ltd. said, "The market sentiment continued to remain subdued, especially in the Passenger Vehicles segment. At Mahindra, we are happy to register a growth of 4% in the Passenger Vehicles segment and 8% in the Utility Vehicles segment, on the back of our three recent product launches. Further, we continued to correct our channel inventory both in the personal and commercial vehicle segments in June 2019."
| Sales Summary June 2019 | ||||||
| Category | June | Cumulative June | ||||
| F20 | F19 | % Change | F20 | F19 | % Change | |
| Passenger Vehicles | 18826 | 18137 | 4% | 59400 | 60779 | -2% |
| Utility Vehicles | 17723 | 16408 | 8% | 56095 | 56074 | 0% |
| Cars* + Vans | 1103 | 1729 | -36% | 3305 | 4705 | -30% |
| Commercial Vehicles | 16394 | 19229 | -15% | 51594 | 56940 | -9% |
| LCV < 3.5T | 14863 | 17125 | -13% | 47468 | 51383 | -8% |
| LCV > 3.5T | 826 | 996 | -17% | 2310 | 2393 | -3% |
| MHCV | 705 | 1108 | -36% | 1816 | 3164 | -43% |
| 3W | 4251 | 4323 | -2% | 13136 | 13005 | 1% |
| Total Domestic Sales | 39471 | 41689 | -5% | 124130 | 130724 | -5% |
| Total Exports | 3076 | 3466 | -11% | 7559 | 9376 | -19% |
| Total Sales (Domestic + Export) | 42547 | 45155 | -6% | 131689 | 140100 | -6% |
*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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