Mahindra & Mahindra Ltd. (M&M Ltd.) has announced its auto sales performance for the financial year ended March 31, 2019, which stood at 6,08,596 vehicles, compared to 5,49,153 vehicles during FY-18, registering a growth of 11%. For the month of March 2019 the company sold 62,952 vehicles, a marginal growth over March 2018.
The company's domestic sales touched 59,012 vehicles during March 2019, as against 58,652 vehicles in March 2018.
The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 27,646 vehicles in March 2019, registering a growth of 4%.
In the Commercial Vehicles segment, the company sold 24,423 vehicles in March 2019, as against 25,495 vehicles in March 2018.
In the Medium and Heavy Commercial Vehicles segment, M&M sold 917 vehicles for the month. Exports for March 2019 stood at 3,940 vehicles, a growth of 15%.
Commenting on the performance, Rajan Wadhera, President, Automotive Sector, M&M Ltd. said, "We have closed FY-19 with robust double digit growth of 11% at an overall level, despite strong headwinds faced by the Indian automotive industry this year. This growth has been supported by our three new product launches, which have been well received in the market. The commercial vehicles segment and exports have also posted strong growth rates of 15% and 37% respectively."
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