- Mahindra sold 18,460 units in the passenger vehicle segment last month
- Commercial vehicles sales are down by three per cent YoY
The month of October witnessed another dismal sale performance in the auto industry. Despite the festive season, Mahindra managed to sell a total of 18,460 vehicles last month as compared to 24,066 vehicles in October 2018, registering a downswing of 23 per cent.
In the passenger vehicle segment sales, the utility vehicles accounted for 17,785 units (down from 22,279 units last year) while the cars/vans accounted for just 675 units (including Mahindra Electric vehicles). On the other hand, the exports dipped by 12 per cent from 3,066 units last year to 2703 units in the last month.
The carmaker’s overall sales (domestic + exports) stood at 51,896 units in October 2019, compared to 58,416 vehicles in the same month last year – a decrease of 11 per cent. The dip in sales is despite the fact that Mahindra delivered approximately 13,500 vehicles across the country on the occasion of Dhanteras. The company said that the aforementioned number of deliveries were substantially higher when compared to the same period last year.
Veejay Ram Nakra, Chief of Sales and Marketing, Automotive division, Mahindra and Mahindra Ltd., commenting on the sales performance, said, “The festive month of October 2019 was excellent for Mahindra, with retail volume exceeding wholesale by approximately 40 per cent. This robust retail performance was contributed by both passenger and commercial vehicles. Further, our billing numbers are in line with what we had planned for the month since the objective was to significantly correct our channel inventory. We hope to see the positive consumer sentiment continue going forward”.