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
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
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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