Mahindra’s Auto Sector sells 46,849 vehicles during May 2018, a growth of 12%

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Mumbai, June 1, 2018: Mahindra & Mahindra Ltd. (M&M Ltd.), a part of the USD 19 billion Mahindra Group, today announced its auto sales performance for May 2018 which stood at 46,849 vehicles, compared to 42,003 vehicles during May 2017, a growth of 12%.

 

The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 20,715 vehicles in May 2018, a growth of 2%. In the commercial vehicle segment, the company sold 18,748 vehicles in May 2018, registering a 15% growth. The domestic sales stood at 43,818 vehicles during May 2018, registering a growth of 8%. In the Medium and Heavy Commercial Vehicles segment, M&M sold 1,152 vehicles for the month. Exports for May 2018 stood at 3,031 vehicles, with a high growth of 134%.

 

Commenting on the monthly performance, Rajan Wadhera, President, Automotive Sector, M&M Ltd. said, “May has relatively been a subdued month compared to April. At Mahindra we have by and large maintained our growth momentum during the month of May 2018, especially in Commercial Vehicles. On the back of a buoyant economy, our MHCV division continues to outperform. Exports have also been strong with a high growth. With the forecast of an upcoming normal monsoon we are confident of good growth in the coming months”.

 

 

Sales Summary May 2018

Category May YTD May
F19 F18 % Change F19 F18 % Change
Passenger Vehicles 20715 20392 2% 42642 39783 7%
Utility Vehicles 19295 19331 0% 39666 37694 5%
Cars* + Vans 1420 1061 34% 2976 2089 42%
Commercial Vehicles 18748 16261 15% 37711 31321 20%
LCV < 3.5T 16763 15111 11% 34258 29471 16%
LCV > 3.5T 833 712 17% 1397 1134 23%
MHCV 1152 438 163% 2056 716 187%
3W 4355 4057 7% 8682 7495 16%
Total Domestic Sales 43818 40710 8% 89035 78599 13%
Total Exports 3031 1293 134% 5911 2821 110%
Total Sales (Domestic + Export) 46849 42003 12% 94946 81420 17%

 

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