Mahindra Sales

Mahindra sales slump 36% to 25,678 units in July, PV sales down 34%

In the commercial vehicles segment, the company sold 13,103 vehicles as against 15,969 units earlier, a dip of 18 per cent

Tractor sales surge in June, buoyed by positive farm sentiment: Industry

Mahindra & Mahindra Ltd's Farm Equipment Sector (FES) domestic sales in June saw a surge of 12 per cent to 35,844 units, as against 31,879 units sold during June 2019

M&M hits 52-week low after February auto sales numbers, recovers later

The stock, however, recovered its early morning losses to hit an intra-day high of Rs 467.95 following the company's disclosure that its domestic Farm Equipment Sector grew by 21% in February.

Entering two-wheeler commuter space was a mistake, admits Anand Mahindra

Anand Mahindra, the chairman of the homegrown auto group Mahindra & Mahindra, on Wednesday admitted that entering the commuter bike segment more than a decade ago was a failure on the part of the group. The group entered two-wheelers after buying out Kinetic Motors in July 2008 and relaunched the 'Freedom' bikes under the label of 'Mojo' but has not been able to make a mark in the vastly entry-model driven two-wheeler space in the country even after a decade. The market is dominated by Hero Motorcorp and Japanese major Honda which together control close to two-thirds of the over 21-million units per annum market. Of this, Mahindra sold a paltry 4,004 units in FY19, down 73 percent from FY18. The only player in an over a dozen OEM market behind Mahindra is Kawasaki Motor which sold 3,115 units in the year, according to Siam data. In the year to March 2019, according to the Saim data, the domestic two-wheeler domestic market stood at 21.2 million units, up 4.86 percent

M&M consolidated PAT falls 52.56% in June quarter to Rs 894 over weak sales

Mahindra & Mahindra on Wednesday reported a 52.56 per cent decline in consolidated profit after tax to Rs 894.11 crore in the first quarter ended June 30, hit by lower vehicle sales. The company had posted a consolidated profit after tax of Rs 1,884.66 crore in the same quarter of the previous financial year, Mahindra & Mahindra said in a regulatory filing. Its total income during the period stood at Rs 26,289.48 crore as compared with Rs 26,260.64 crore in the corresponding quarter a year ago. In the first quarter, M&M said its total vehicle sales stood at 1,23,690 units as against 1,30,484 units in the year-ago period, down 5 per cent.

Back to the wall, M&M banks on SsangYong-derived car to rev up SUV sales

Mahindra is desperate for a best-seller in the compact SUV space, on which it missed the bus, admits Mahindra Group Managing Director Pawan Goenka

Mahindra's utility vehicles sales in Q4 higher than Maruti Suzuki's

M&M sold 67,805 units in the quarter, while Maruti sold 63,691

Mahindra sales up 8% to 39,200 units in December

Auto major Mahindra and Mahindra (M&M) today reported an 8 per cent increase in total sales at 39,200 units in December. It had sold 36,464 units in the same month previous year, M&M said in a statement. In the domestic market, sales were up 7 per cent to 36,979 units last month compared to 34,411 units in December 2016. Exports also grew 8 per cent to 2,221 units against 2,053 units in the year-ago month. Sales of passenger vehicles, including Scorpio, XUV500, Xylo, Bolero and Verito, were down 7 per cent to 15,543 units compared to 16,799 units in December 2016. Commercial vehicle sales were up 24 per cent at 17,542 units in December 2017 against 14,154 units in the year-ago period, M&M said. M&M President Automotive Sector Rajan Wadhera said: "Our commercial vehicles growth for December has been encouraging at 24 per cent and we are particularly buoyed by our ongoing strong performance in the MHCV segment which indicates a vibrancy in the ...

Demand for passenger, commercial vehicles push Mahindra's Nov sales up 14%

Auto major Mahindra and Mahindra (M&M) today reported 18 per cent increase in total sales at 38,570 units in November. It had sold 32,564 units in the same month last year, M&M said in a statement. In the domestic market, its sales grew 21 per cent to 36,039 units last month compared to 29,869 in November 2016. Exports declined 6 per cent to 2,531 units against 2,695 units in the year-ago month. Sales of passenger vehicles, including Scorpio, XUV500, Xylo, Bolero and Verito, increased 21 per cent to 16,030 units compared to 13,198 units in the same month last year. Commercial vehicle sales was up 22 per cent to 15,554 units in November against 12,718 units in the year-ago period, M&M said. M&M President Automotive Sector Rajan Wadhera said:"We are happy to be in a positive growth phase for November 2017, which is usually a lean period post the festive season. "We expect our growth momentum to continue on the back of some recent refresh launches as well as ..