Mahindra & Mahindra (M&M Ltd.) sold a total of 36,085 vehicles (domestic + exports) in August 2019 as against 48,324 vehicles in the same period last year, registering a decline of 25 percent. In the Passenger Vehicles segment (which includes UVs, Cars and Vans), M&M sold 13,507 vehicles in August 2019, a decline of 32 percent compared to 19,758 vehicles in August 2018.
The Commercial Vehicles segment too saw a decline of 28 percent, and so are the 15 percent decline in total exports.
The auto industry continues to be subdued in the month of August due to several external factors. We are optimistic and hopeful of a good festive season going ahead. – Veejay Ram Nakra, Chief of Sales and Marketing, Automotive Division, M&M Ltd.
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