Mahindra domestic sales are at 44,605 vehicles for July 2018 up 12 percent from 39,834 units sold in July 2017. Passenger Vehicles segment (which includes UVs, Cars and Vans) sales are reported at 19,781 vehicles in July 2018, down 6 percent from 21,034 vehicles sold in July 2017.
Within the segment, Utility Vehicle (UV) sales are down 7 percent at 17,879 units from 19,152 units sold in July 2017. Cars and vans (includes Mahindra Electric Mobility sales) gained 1 percent at 1,902 units sold, over 1,882 units sold in July 2017.
In the commercial vehicles (CV) segment, sales are reported at 19,284 vehicles in July 2018, having gained 28 percent, up from 15,023 units sold in July 2017. In the Medium and Heavy Commercial Vehicles segment, M&M sold 866 vehicles for the month, a growth of 32%. Exports for July 2018 stood at 2,594 vehicles, a growth of 31%.
3W sales are up 47 percent at 5,540 units sold over 3,777 units sold in July 2017. Exports have shown promise with growth registered at 31 percent at 2,594 units, up from 1,985 units.
Rajan Wadhera, President, Automotive Sector, M&M Ltd. said, “The auto industry has been subject to certain uncertainties with the truckers strike and sluggishness on the retail front which has impacted the passenger vehicle segment. Demand for our commercial vehicles continues to be strong and the newly launched Furio range of ICVs augurs well for our M&HCV business. As we move into the festive season, we are confident of seeing a turnaround in the overall buying sentiment, coupled with the just announced Mahindra Marazzo, which is scheduled for launch next month”.
Apart from their new Mahindra Marazzo MPV, Mahindra has confirmed two more car launches for this year. These will be in the form of a SsangYong Tivoli based 5 seater SUV to rival Tata Nexon, Maruti Brezza and a SsangYong Rexton based SUV – Mahindra XUV700 to rival Toyota Fortuner.
Mahindra has revealed that they will launch two cars before Diwali, and one after Diwali. It is being reported that the XUV700 will be launched post Diwali.