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

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 … Continued

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
CategoryMayYTD May
F19F18% ChangeF19F18% Change
Passenger Vehicles20715203922%42642397837%
Utility Vehicles19295193310%39666376945%
Cars* + Vans1420106134%2976208942%
Commercial Vehicles187481626115%377113132120%
LCV < 3.5T167631511111%342582947116%
LCV > 3.5T83371217%1397113423%
MHCV1152438163%2056716187%
3W435540577%8682749516%
Total Domestic Sales43818407108%890357859913%
Total Exports30311293134%59112821110%
Total Sales (Domestic + Export)468494200312%949468142017%

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

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