Mahindra & Mahindra February 2019 Sales Report
Mahindra and Mahindra declared its business results for February 2019. Amid the previous month the organization has noted positive development in each fragment, for example, PV, UV, CV and LCV portion underneath 3.5 tons. It was just in the LCV section above 3.5 tons and in the MHCV fragment that the organization noted lower deals.
Aggregate deals in residential markets flooded 9 per cent from 48,473 units sold in February 2018 to 52,915 units sold in the previous month. Fares flooded 16 percent from 2,654 units sent out in February 2018 to 3,090 units traded a month ago. This took all out residential deals and fares up 10 per cent to 56,005 units in February 2019 when contrasted with absolute offers of 51,127 units around the same time of the earlier year.
Commenting on the performance, Rajan Wadhera, President, Automotive Sector, M&M Ltd. said, “The month of February has augured well for Mahindra. We have witnessed a strong double digit growth of 16 per cent in our UV portfolio, on the back of our newly launched XUV300 model. Further, the overall growth for the month has been around 10 per cent. On an YTD basis too, we have shown a strong growth of 12 per cent at an overall level.”
Traveler vehicle deals enrolled in Feb 2019 remained at 26,109 units as against 22,389 units sold in Feb 2018. This was a huge 17 per cent development, when vehicle industry by and large is experiencing low purchaser assumption. The push in deals was because of the dispatch of two new Mahindra vehicles. One is Marazzo, and the other is XUV300. Marazzo is a MPV, which enrolls a normal offer of 3.7 k units a month. It is just offered with a diesel motor. Mahindra intends to sell around 6- 8 k units of XUV300 in India consistently. XUV300 is offered with petroleum and diesel motor alternative.;
Aside from an expansion in February 2019 deals, year to date deals have likewise been certain. Considering local deals in the period April 2018 to February 2019, residential deals remained at 59,756 units, up 11 per cent when contrasted with deals in local markets of 4, 62, 280 units in a similar period a year prior. Fares likewise expanded 40 percent from 24,797 units sent out in the April 2018 to February 2018 period to 34,655 units in a similar period in 2019. All out household deals and fares expanded 12 percent from 4, 87, 077 units in 2018 to 5, 45, 644 units in 2019 period. The same was not the situation in the Farm Equipment division.
Residential deals which remained at 19,442 units in February 2018 went down 7 per cent to 18,105 units in February 2019 while trades likewise plunged 28 percent from 1,216 units sent out in February 2018 to 873 units traded in the previous month. This took all out local deals and fares down 8 percent from 20,658 units in February 2018 to 18,978 units last month. Positive development in the tractor portion is normal in the months ahead particularly with government benefits being coordinated at minor ranchers and other such activities offered by the Government of India.
Stay tuned to V3cars.com for further updates from Mahindra.
ABOUT THE AUTHOR
A diverse bilingual (English and Hindi) Copywriter and Content Creator based in New Delhi, India. With a degree in Journalism, I always had an inclination towards writing.
As a writer, I have worked on content related to automobile, technology, travel, lifestyle, photography and many more.