Mahindra’s Auto Sector sells 56,005 vehicles during February 2019

Mahindra & Mahindra Ltd. (M&M Ltd.), a part of the USD 20.7 billion Mahindra Group, announced its auto sales performance for February 2019 which stood at 56,005 vehicles, compared to 51,127 units during February 2018, a growth of 10%.

The company’s domestic sales touched 52,915 vehicles during February 2019, as against 48,473 vehicles in February 2018, a growth of 9%. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 26,109 vehicles in February 2019, as against 22,389 vehicles in February 2018, registering a growth of 17%.

In the Commercial Vehicles segment, the company sold 21,154 vehicles in February 2019, as against 20,946 vehicles in February 2018, registering a marginal growth. In the Medium and Heavy Commercial Vehicles segment, M&M sold 686 vehicles for the month. Exports for February 2019 stood at 3,090 vehicles, a growth of 16%.

Commenting on the performance, Rajan Wadhera, President, Automotive Sector, M&M Ltd. said, “The month of February has augured well for Mahindra. We have witnessed a strong double digit growth of 16% in our UV portfolio, on the back of our newly launched XUV300 model. Further, the overall growth for the month has been around 10%. On a YTD basis too, we have shown a strong growth of 12% at an overall level.”

Sales Summary February 2019

Category February YTD February
F19 F18 % Change F19 F18 % Change
Passenger Vehicles 26109 22389 17% 227055 222950 2%
Utility Vehicles 24349 20977 16% 209561 209322 0%
Cars* + Vans 1760 1412 25% 17494 13628 28%
Commercial Vehicles 21154 20946 1% 224178 191307 17%
LCV < 3.5T 19647 19225 2% 206881 176521 17%
LCV > 3.5T 821 893 -8% 7376 6679 10%
MHCV 686 828 -17% 9921 8107 22%
3W 5652 5138 10% 59756 48023 24%
Total Domestic Sales 52915 48473 9% 510989 462280 11%
Total Exports 3090 2654 16% 34655 24797 40%
Total Sales (Domestic + Export) 56005 51127 10% 545644 487077 12%

*Above Domestic Sales Includes sales made in subsidiary company Mahindra Electric Mobility Ltd

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