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
|F19||F18||% Change||F19||F18||% Change|
|Cars* + Vans||1760||1412||25%||17494||13628||28%|
|LCV < 3.5T||19647||19225||2%||206881||176521||17%|
|LCV > 3.5T||821||893||-8%||7376||6679||10%|
|Total Domestic Sales||52915||48473||9%||510989||462280||11%|
|Total Sales (Domestic + Export)||56005||51127||10%||545644||487077||12%|
*Above Domestic Sales Includes sales made in subsidiary company Mahindra Electric Mobility Ltd