Mahindra’s Auto sector reported sales of 43,721 units in April 2019. Reports major decline in the passenger and M&HCV segment with 28 percent and 48 percent respectively.
Mahindra & Mahindra (M&M) sold 43,721 vehicles in April 2019, down by 4,376 units from April 2018. The company claims that its domestic sales touched 41,603 vehicles during April 2019, as against 45,217 vehicles in April 2018.
The company claims that its passenger vehicles segment (which includes UVs, Cars and Vans) sold 19,966 vehicles in April 2019. In the Commercial Vehicles segment, the company sold 17,321 vehicles in April 2019, as against 18,963 vehicles in April 2018. In the Medium and Heavy Commercial Vehicles segment, M&M sold 474 vehicles for the month. Exports for April 2019 stood at 2,118 vehicles.
Commenting on the month's performance, Rajan Wadhera, president, automotive sector, M&M said, "The ongoing elections subdued the purchase sentiment during April. This, according to us, is a temporary phenomenon. We believe, following the elections, the auto industry will see a revival in consumer demand. Supported by a normal monsoon, we are confident of seeing higher sales in FY20."
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