Mahindra & Mahindra Ltd. Has announced its auto sales performance for January 2019. Mahindra’s total sales, domestic and exports combined, in January 2019 stood at 55,722 units, against 52,063 units sold during the same month last year, a growth of 7%. The domestic sales saw a growth of 6% with 52,500 units as compared to the 49,432 units sold in January 2018.
The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 23,872 vehicles in January 2019, as against 23,686 vehicles in January 2018. In the Commercial Vehicles segment, the company sold 22,625 vehicles in January 2019, as against 21,002 vehicles in January 2018, a growth of 8%. In the Medium and Heavy Commercial Vehicles segment, M&M sold 849 vehicles for the month. Exports for January 2019 stood at 3,222 vehicles, a growth of 22%.
Commenting on the performance, Rajan Wadhera, President, Automotive Sector, M&M 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”.