Mahindra & Mahindra Ltd. (M&M Ltd.) passenger utility vehicles, the mainstay of its passenger vehicles, suffered a negative growth in domestic market sales in December 2017, recording 14514 units as compared to 15957 units in December 2016. This translated to de-growth of 9pc. But passenger cars and vans sold 1029 units (842 units) in December 2017.
But the company’s other sectors have done remarkably well, with the commercial vehicles sales increasing to 17542 units in domestic sales in December 2017, compared to 14154 units in December 2016. This meant, the CV segment grew by 24pc. Within the CV segment, medium and heavy commercial vehicles sold 1193 units (476 units) recording a 151pc increase. The company sold around 15749 light commercial vehicles below the 3.5 tonne category (13147 units). LCVs above 3.5 tonnes, sold 600 units in the domestic market (531 units). The company also sold 3894 units of three wheelers a compared to 476 units sold in 2016 December.
The company’s domestic sales stood at 36,979 vehicles during December 2017, as against 34,411 vehicles during December 2016, registering a growth of 7%. In the Medium and Heavy Commercial Vehicles segment, M&M sold 1,193 vehicles for the month, registering an impressive growth of 151%. Exports for December 2017 stood at 2,221 vehicles, a growth of 8%
In the farm equipment sector, the company sold 16671 unitsin December 2017 as compared to 12619 units in December 2016 in the domestic market. This translated to a growth of 16 per cent.
Sales Summary December 2017
December
YTD December
F18
F17
% Change
Passenger Vehicles
15543
16799
-7%
176875
170567
4%
Utility Vehicles
14514
15957
-9%
166110
159968
Cars + Vans
1029
842
22%
10765
10599
2%
Commercial Vehicles
17542
14154
24%
149359
127767
17%
LCV < 3.5T
15749
13147
20%
137987
118442
LCV > 3.5T
600
531
13%
5142
5415
-5%
MHCV
1193
476
151%
6230
3910
59%
3W
3894
3458
38141
40762
-6%
Total Domestic Sales
36979
34411
7%
364375
339096
Total Exports
2221
2053
8%
19543
30084
-35%
Total Sales (Domestic + Export)
39200
36464
383918
369180
FARM EQUIPMENT SECTOR
Cumulative December
%Change
Domestic
12619
16671
32%
201826
235049
16%
Exports
1428
1617
10913
11699
Total
14047
18288
30%
212739
246748
*Exports include CKD
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