Mahindra & Mahindra Ltd. (M&M) sold a total of 51,896 vehicles in October 2019, registering a decline of 11 percent compared to 58,416 units in the same period last year. The total sales include 49,193 units of domestic sales and 2,703 units of exports.
In the Passenger Vehicles segment (UVs, Cars and Vans), Mahindra sold 18,460 vehicles in October 2019 compared to 24,066 vehicles in October 2018, registering a decline of 23 percent. As for the Commercial Vehicles, M&M sold 23,582 units during the festive season as against 24,353 units in October 2018, a decline of just 3 percent.
The festive month of October 2019 was excellent for Mahindra, with retail volume exceeding wholesale by approximately 40%. This robust retail performance was contributed by both passenger & commercial vehicles. Further, our billing numbers are in line with what we had planned for the month, since the objective was to significantly correct our channel inventory. We hope to see the positive consumer sentiment continue going forward. – Veejay Ram Nakra, Chief of Sales and Marketing, Automotive Division, M&M
Also Read: Mahindra and Ford announce a $270 million joint venture
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