Mahindra & Mahindra Ltd. (M&M) sold a total of 43,343 units (domestic + exports) in September 2019 as against 55,022 units in the same period last year, registering a decline of 21 percent.
* Includes sales from Mahindra Electric
In the Passenger Vehicles segment (which includes UVs, Cars and Vans), M&M sold 14,333 vehicles in September 2019, compared to 21,411 vehicles in September 2018 – a decline of 33 percent. In the CV segment, the company sold 18,872 units in September 2019 as against 22,917 units in the same period last year, registering a decline of 18 percent.
Exports for September 2019 stood at 2,651 vehicles, a decline of 29 percent compared to 3,754 units in September 2018.
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. – Veejay Ram Nakra, Chief of Sales and Marketing, Automotive Division, M&M
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