Mahindra’s commercial vehicles domestic sales slides 17 pc in July 2019

By: Motown India Bureau

Aug 01 2019

Mahindra’s commercial vehicles domestic sales slides 17 pc in July 2019

Mahindra & Mahindra Ltd. recorded a 17 per cent drop in domestic sales of commercial vehicles in July 2019. In July 2019, the company sold 15969 units as against 19284 units in July 2018. Medium & Heavy Commercial Vehicles took a 52 per cent hit in growth with sales of 417 units as compared to 866 units in the period.

Sales Summary July 2019

Category	July			YTD July
Category	F20	F19	% Change	F20	F19	% Change
Commercial Vehicles	15969	19284	-17%	67563	76224	-11%
LCV < 3.5T	14874	17785	-16%	62342	69168	-10%
LCV > 3.5T	678	633	7%	2988	3026	-1%
MHCV	417	866	-52%	2233	4030	-45%
3W	4674	5540	-16%	17810	18545	-4%

Veejay Ram Nakra, Chief of Sales and Marketing, Automotive Division, M&M Ltd. said, “The headwinds faced by the automotive industry continue as a result of subdued consumer sentiment, triggered by various factors. The industry needs stimuli to help revive consumer demand and conversions. We hope that the overall buying sentiment will improve in the run-up to the festive season and with the monsoon turning out to be better than initially anticipated”

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