HomeCar NewsMahidra sales decline 32 percent to 13,507 units in Aug 2019

Mahidra sales decline 32 percent to 13,507 units in Aug 2019

Mahindra Auto sales for August 2019 is reported at 36,085 units. Down 25 percent from 48,324 units sold in August 2018. Mahindra passenger vehicle sales is don 32 percent at 13,507 units. Down from 19,758 units sold in August 2018.

Mahindra is focused on UV sales with a range of offerings across UV segments. Sales is down too 13,037 units. Down 27 percent from 17,892 units. Sales of its EV offerings is reported at 470 units. Down 75 percent from 1,866 units sold in Aug ’18.

Mahindra CV sales is reported at 14,684 units. Down 28 percent from 20,326 units sold in Aug ’18. In the above 3.5T LCV segment, sales is reported at 13,855 units. Down 25 percent from 18,584 units sold a year earlier. Sales in the LCV segment lesser than 3.5T stands at 475 units. Sales is down 20 percent from 594 units sold in August of 2018. MHCV sales last month is reported at 354 units. Down 69 percent from 1148 units sold in August 2018.

Mahindra 3 wheeler sales have posted growth at 2 percent. Sales is up at 5,373 units, from 5,289 units sold in August 2018. Total domestic sales is down 26 percent at 33,564 units old, down from 5,289 units sold in August 2018. Exports has declined by 15 percent. Exports for the month are reported at 2,521 units, down from 2,951 units exported in Aug ’18.

Veejay Ram Nakra, Chief of Sales and Marketing, Automotive Division, M&M Ltd. said, “The auto industry continues to be subdued in the month of August due to several external factors. We are optimistic and hopeful of a good festive season going ahead.”

Last month the company also reported the roll-out of its 15th lakh Bolero Pick up. The 2019 Mahindra Bolero City Pik-Up has now been launched at a price of Rs.6.25 Lakhs (ex-showroom, Bengaluru).

Mahindra Farm Equipment Sector (FES) sales is reported at 13,871 units in August 2019. Down 15 percent from 16,375 units sold in Aug ’18. Tractor exports for the month is down 33 percent. Exports are reported at 946 units, down from 1,410 units sold in August of 2018.

Total tractor sales (domestic + exports) during August 2019 were at 14,817 units, down 17 percent from 17,785 units sold in the same month last year.

Rajesh Jejurikar, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 13,871 tractors in the domestic market during August 2019. The improved monsoon spread and sowing pattern for the Kharif crop is likely to help boost rural sentiment going into the festive season. The recently announced fiscal measures by the Government may also provide the necessary stimulus for tractor demand uptick. In the exports market, we have sold 946 tractors.”

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