In the Passenger Vehicles segment (including UVs, Cars and Vans), Mahindra & Mahindra Ltd. (M&M) sold a total of 16,831 vehicles in July 2019, compared to 19,781 vehicles in July 2018, registering a decline of 15%.
The Commercial Vehicle segment too saw a decline of 17%. As for total sales including exports, the company sold 40,142 vehicles in July 2019 as against 47,199 in the same period last year, registering a 15% drop in sales.
The headwinds faced by the automotive industry continue as a result of subdued consumer sentiment, triggered by various factors. The industry needs stimuli to help revive consumer demand and conversions. We hope that the overall buying sentiment will improve in the run-up to the festive season and with the monsoon turning out to be better than initially anticipated – Veejay Ram Nakra, Chief of Sales and Marketing, Automotive Division, M&M
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