Despite total domestic sales decline, Mahindra passenger vehicle sales are in the green. With this, Mahindra becomes the only major manufacturer to post positive domestic sales growth for June 2019. For June 2019, Mahindra reports 17,723 utility vehicles sold. This equates to 8 percent sales growth over 16,408 units sold in June 2018.
Total Passenger Vehicles (PV) segment (which includes UVs, Cars and Vans) sales stand at 18,826 vehicles. This equates to 4 percent sales growth, up from 18,137 vehicles sold in June 2018. With PV sales, cars and vans sales are reported at 1,103 units. This includes the brand’s electric vehicle (EV) sales. For the segment, sales decline is reported at 36 percent, down from 1,729 units sold in June 2018.
Positive sales in June has in fact helped Mahindra hold the ship steady where it concerns passenger vehicle sales. With April PV sales decline, and marginal growth in May 2019 sales, June sales have helped Mahindra report stable Q1 sales. For Q 2019-20, Mahindra reports flat UV sales at 56,095 units. Mahindra UV sales were reported at 56,074 units in Q1 FY2018-19.
Cars and Vans sales stood at 3,305 units. This equates to 30 percent sales decline, down form 4,705 units sold in June 2018. Total PV sales decline for Q1 FY2019-20 stood at 2 percent. Sales for the period is reported at 59,400 units, down from 60,779 units sold in Q1 FY2018-19.
Mahindra Commercial Vehicles segment sales stood at 16,394 vehicles in June 2019. Sales decline stood at 15 percent, down from 19,229 vehicles sold in June 2018. In the Medium and Heavy Commercial Vehicles segment, Mahindra reports sales of 705 units. This equates to 36 percent sales decline, down from 1,108 units sold in June 2018.
Exports for June 2019 stood at 3,076 vehicles. Exports are down 11 percent from 3,466 units exported in June 2018. Auto Sector overall sales (Domestic + Exports) stood at 42,547 vehicles. With this Mahindra reports 6 percent total sales decline for the month, down from 45,155 vehicles sold during June 2018.
Veejay Ram Nakra, Chief of Sales and Marketing, Automotive Division, Mahindra, said, “The market sentiment continued to remain subdued, especially in the Passenger Vehicles segment. At Mahindra, we are happy to register a growth of 4% in the Passenger Vehicles segment and 8% in the Utility Vehicles segment, on the back of our three recent product launches. Further, we continued to correct our channel inventory both in the personal and commercial vehicle segments in June 2019.”
