Mumbai: Mahindra & Mahindra Ltd. (M&M Ltd.), a part of the USD 20.7 billion Mahindra Group has reported 4% growth in its passenger vehicle sales at 15,691 vehicles, against 15,091 vehicles in December 2018.
The company’s overall automotive sales, which include Domestic sales and Exports, fall marginally by 1% to 39,230 vehicles in December 2019, compared to 39,755 vehicles during December 2018.
In the Commercial Vehicles segment, the company sold 16,018 vehicles in December 2019, as against 16,906 vehicles in December 2018. In the Medium and Heavy Commercial Vehicles segment, Mahindra sold 478 vehicles for the month. In the utility vehicle segment, the company reported 10% rise in sales at 15,225 vehicles. Exports for December 2019 stood at 2,149 vehicles.
“Our performance in the month of December is as per year-end sales outlook and currently we are also comfortable with our overall stock levels. As we get into the new year, we are fully equipped to roll out our BSVI products and have taken all requisite measures for a smooth transition over the next three months” Veejay Ram Nakra, Chief of Sales and Marketing, Automotive Division, M&M Ltd. said.
Mahindra’s Farm Equipment Sector sales up 3%
Meanwhile, the company’s Farm Equipment Sector (FES) has also witnessed positive turn around in December. Domestic sales in December 2019 were at 17,213 units, as against 16,510 units during December 2018. Total tractor sales (Domestic + Exports) during December 2019 rise 3% to 17,990 units, as against 17,404 units for the same period last year. Exports for the month stood at 777 units.