- The domestic sales grew to 52,500 units.
- The overall sales stood at 55,722 vehicles, compared to 52,063 vehicles in January 2018.
- The passenger segment witnessed growth of a mere one per cent.
Mahindra has managed to achieve a domestic sale of 52,500 vehicles in January 2019, as compared to 49,432 vehicles in January last year, thus registering a growth of six per cent. This sales figure includes 23,872 passenger vehicles, which is an increase of just one per cent compared to the same month last year when the carmaker sold 23,686 units.
The auto department of Mahindra moved 55,722 vehicles in the first month of 2019, compared to 52,063 vehicles during January 2018, thus registering an overall growth of seven per cent.
Commenting on the sales performance, Rajan Wadhera, president, automotive sector, Mahindra and Mahindra Ltd., said, "The first month of the new calendar year continues to be on an overall growth path. There is buoyancy in rural growth, commodity costs are levelling, fuel prices are coming down and we see improvement in Forex movement, which in turn will drive positive customer sentiment. Having successfully established the Marazzo & Alturas brands and with the upcoming launch of our new compact SUV, the XUV300, we are positive on our outlook".
The automotive sector has witnessed a steady sales performance in the first month of 2019. With the financial year 2018–19 in its last leg, the automotive sector might witness a few more ups and downs in the months to come.