Mahindra sees massive slump in UV, Car and CV sales in April 2017

Mahindra & Mahindra , a leading utility vehicle manufacturer, saw a terrible April 2017 as domestic sales and exports slumped drastically. M&M total sales numbers (Utility Vehicles, Cars & Vans and Commercial Vehicles) stood at 39,357 vehicles during April 2017, as against 41,863 vehicles during April 2016, thereby recording a minus 6 per cent growth.

The Passenger Vehicles segment of Mahindra & Mahindra (which includes UVs, Cars and Vans) sold 19,325 vehicles in April 2017, as against 22,655 vehicles during April 2016, a drop by 15 per cent.  Mahindra & Mahindra domestic sales of all its vehicles stood at 37,829 vehicles during April 2017, as against 39,357 vehicles during April 2016, a drop by 4 per cent.

In April 2017, Mahindra & Mahindra Medium and Heavy Commercial Vehicles segment sold 278 vehicles as against 472 vehicles in April 2016, a drop of 41 per cent. Exports of all its vehicles for April 2017 stood at 1,528 vehicles (2506 units), a drop of 39per cent.

Rajan Wadhera, President, Automotive Sector, M&M Ltd. said, “We are hopeful that the new financial year will bring in positive sentiments for the automotive industry with the key demand drivers in place.... At Mahindra we have registered a marginal de-growth in the month of April. Going forward, we are looking for a good growth momentum with our planned refreshes during FY18“.

  Sales Summary April 2017