By Samachar Digital News
India 01st
July:- Mahindra & Mahindra Ltd. (M&M Ltd.), a part of the USD
20.7 billion Mahindra Group, today announced its auto sales performance for
June 2019. M&M sold 17,723 Utility
Vehicles in June 2019, a growth of 8% over
June 2018.
The Passenger Vehicles (PV) segment
(which includes UVs, Cars and Vans) sold 18,826 vehicles in June 2019, as against 18,137 vehicles during the same
period last year, a growth of 4%.
In the Commercial Vehicles segment,
the company sold 16,394 vehicles
in June 2019, as against 19,229 vehicles
in June 2018.
In the Medium and Heavy Commercial
Vehicles segment, M&M sold 705 vehicles for the month. Exports
for June 2019 stood at 3,076 vehicles.
The company’s Auto Sector overall sales
(Domestic + Exports) stood at 42,547 vehicles,
compared to 45,155 vehicles
during June 2018.
Commenting on the monthly
performance, Veejay Ram Nakra,
Chief of Sales and Marketing, Automotive Division, M&M Ltd. Said
that the market sentiment continued to remain subdued, especially in the
Passenger Vehicles segment. At Mahindra, we are happy to register a growth of
4% in the Passenger Vehicles segment and 8% in the Utility Vehicles segment, on
the back of our three recent product launches. Further, we continued to correct
our channel inventory both in the personal and commercial vehicle segments in
June 2019.
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