Mahindra and Mahindra October sales fall 11% to 51,896 units; car, van sales crash 62%

Mahindra and Mahindra October sales fall 11% to 51,896 units; car, van sales crash 62%

The passenger vehicles segment (which includes utility vehicles, Cars and Vans) sold 17785 units last month, as against 22279 units in October 2018, registering a decline of 23 per cent

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The car and van sales declined to 675 units, from 1787 units in the year-ago periodThe car and van sales declined to 675 units, from 1787 units in the year-ago period
BusinessToday.In
  • Nov 1, 2019,
  • Updated Nov 1, 2019 2:30 PM IST

Homegrown auto major Mahindra and Mahindra (M&M) on Friday reported 11 per cent year-on-year decline in total sales at 51,896 units in October, dented by 62 per cent decline in car and van sales.

"The auto major had sold 58,416 units in the same month last year," M&M said in a filing to the Bombay Stock Exchange.

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The domestic sales, which include sales made in subsidiary company Mahindra Electric Mobility, dipped 11 per cent to 49,193 units in October as against 55,350 units in same period a year ago.

Total exports tumbled 12 per cent to 2,703 units as compared to 3,066 units in the same period a year-ago.

The passenger vehicles segment (which includes utility vehicles, Cars and Vans) sold 17785 units last month, as against 22279 units in October 2018, registering a decline of 23 per cent. The car and van sales declined to 675 units, from 1787 units in the year-ago period.

Homegrown auto major Mahindra and Mahindra (M&M) on Friday reported 11 per cent year-on-year decline in total sales at 51,896 units in October, dented by 62 per cent decline in car and van sales.

"The auto major had sold 58,416 units in the same month last year," M&M said in a filing to the Bombay Stock Exchange.

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The domestic sales, which include sales made in subsidiary company Mahindra Electric Mobility, dipped 11 per cent to 49,193 units in October as against 55,350 units in same period a year ago.

Total exports tumbled 12 per cent to 2,703 units as compared to 3,066 units in the same period a year-ago.

The passenger vehicles segment (which includes utility vehicles, Cars and Vans) sold 17785 units last month, as against 22279 units in October 2018, registering a decline of 23 per cent. The car and van sales declined to 675 units, from 1787 units in the year-ago period.

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