Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Auto News / Mahindra sales fall 6% to 42,547 units in June
BackBack

Mahindra sales fall 6% to 42,547 units in June

Exports dropped 11% to 3,076 units, against 3,466 units in the year-ago month
  • In the domestic market, sales were down 5% to 39,471 units last month
  • In the commercial vehicles segment, the company sold 16,394 vehicles as against 19,229 units a year ago (Photo: Reuters)Premium
    In the commercial vehicles segment, the company sold 16,394 vehicles as against 19,229 units a year ago (Photo: Reuters)

    New Delhi: Automobile major Mahindra and Mahindra (M&M) Monday reported a 6 per cent fall in total sales to 42,547 units in June.

    The company had sold 45,155 units in the corresponding month last year, M&M said in a statement.

    In the domestic market, sales were down 5 per cent to 39,471 units last month, compared with 41,689 units in June 2018.

    Exports dropped 11 per cent to 3,076 units, against 3,466 units in the year-ago month.

    In the passenger vehicles segment, which includes utility vehicles, cars and vans, it sold 18,826 vehicles in June this year as compared with 18,137 vehicles in the same month last year, an increase of 4 per cent.

    In the commercial vehicles segment, the company sold 16,394 vehicles as against 19,229 units a year ago.

    "The market sentiment continued to remain subdued, especially in the passenger vehicles segment. At Mahindra, we are happy to register a growth of 4 per cent in the segment and 8 per cent in the utility vehicles segment, on the back of our three recent product launches," said Rajan Wadhera, president (automotive sector), M&M Ltd.

    The company continued to correct its channel inventory both in personal and commercial vehicles during last month, he added.

    Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

    This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

    Catch all the Auto News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
    More Less
    Published: 01 Jul 2019, 06:19 PM IST
    Next Story footLogo
    Recommended For You
    Petrochemical Stocks
    ₹9,171.4-0.29%
    ₹4,570.63.21%
    ₹1,878.92.26%
    ₹12,520.30.74%
    ₹978.81.45%
    Switch to the Mint app for fast and personalized news - Get App