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
