Mahindra’s Auto Sector sales drop  21% in September


Mumbai : Mahindra & Mahindra Ltd. (M&M Ltd has reported YoY 21% drop in its overall sales at 43343 units in September. The Domestic sales, during the month has dropped YoY by 21% to 40692 units.

In the Passenger Vehicles segment (which includes UVs, Cars and Vans), Mahindra sold 14,333 vehicles in September 2019, compared to 21,411 vehicles in September 2018. In the Commercial Vehicles segment, the company sold 18,872 vehicles in September 2019, as against 22,917 vehicles in September 2018.

In the Medium and Heavy Commercial Vehicles segment, Mahindra sold 408 vehicles for the month. Exports for September 2019 stood at 2,651 vehicles.

The company’s overall automotive sales (Domestic + Exports) stood at 43,343 vehicles in September 2019, compared to 55,022 vehicles during 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 Ltd. said.

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