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Mahindra and Mahindra sales drop by 7% in November 2019

Mahindra and Mahindra reported a decline of 7% in its domestic sales for November 2019 at 38,614 units, in contrast to its sale of 41,564 units in November the previous year, the company said in a statement.

Talking about commercial vehicles, the numbers amounted to 17,384 units for November 2019 that dictated a decline of 12%. This comes in comparison to 19,673 units that were sold in the same time the previous year. In the CV segment, the company was able to sell 311 units of medium and heavy commercial vehicles last month.

Veejay Ram Nakra, Chief of Sales and Marketing, Automotive Division, M&M Ltd., talked about the sales performance of the company by saying, “The month post festive season is historically a lean month for the automotive industry. Consumer demand, especially for passenger vehicles, typically picks up in the year-end that is in December. Therefore, we expect December to pan out better for the automotive industry.”

The company’s overall automotive sales (Domestic + Exports) also witnessed 9 per cent decline at 41,235 units in November 2019, compared to 45,101 vehicles during November 2018.