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.
Summary July 2019
LCV < 3.5T
LCV > 3.5T
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
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