HOME > BUSINESS > AUTO > Mahindra & Mahindra reports 13% decline in May auto sales

Mahindra & Mahindra reports 13% decline in May auto sales

Even as Toyota India reported a better than expected number for car sales, Mahindra & Mahindra reported a 19% decline in sales for passenger vehicle sales in May.

Total May auto sales for Mahindra & Mahindra was down 13% at 37,869.

mahindra-may-auto-sales

The company, which makes the XUV 5oo — one of the most advanced passenger vehicles ever created by an Indian company, said passenger vehicle sales dipped to 18,085 units in May compared to 22,244 units in the same month a year ago.

Similarly, commercial vehicle sales too dipped 14% to 12,836 units, and 3-wheeler sales fell 7% to 3,732.

The company said it continued to encounter a subdued auto market in India. Indeed, India sales were down 16% to 35,499 in May. However, exports climbed 75% to 2,370 units.

“Post the electoral mandate, we expect to see improved sentiments resulting in a better economic situation which we hope will lead to a gradual increase in demand,” the company said.

Tractor sales rose 1% to 23,940 units, with most of the growth coming from domestic sales, which rose 3% to 23,132 units.

Follow ULTRA.news
Tata Motors reports strong wholesale numbers for November vs October The Tata Motors Group global wholesales in November 2017, including Jaguar Land Rover, rose 22% to 1.12 lakh. In October, it had risen 2.7% to 1.04 lakh and by 14% in September to 1,16,419.Wholesales of commercial vehicles rose 51% to 40,845. In October, it had risen 1.3% to...
Land Rover sales up 17%, Jaguar down 6% in November – Tata Motors Jaguar Land Rover said its retail sales in November rose 10% on year to 52,332 vehicles, driven primarily by the introduction of the new Land Rover Discovery and the Range Rover Velar.Out of these, Jaguar sales were 13,688 vehicles, down 6.3% compared to the same month ...
Uber to deploy Mahindra electric cars in India Mahindra & Mahindra said Uber, the taxi company, will deploy 'hundreds of electric cars' from the company in Delhi and Hyderabad. The partnership will gradually be expanded to other cities, it said.Mahindra's electric vehicles on the Uber platform will include the ezoPlus hat...
Mahindra enters Potato planter segment with Dewulf tie-up Mahindra & Mahindra Ltd said it has agreed to license technology and the brand from Belgium-based agricultural equipment maker Dewulf to make potato planting machinery in India.Dewulf is the world’s leading full-liner in potato and root crop machinery and has three manufactu...
Tata Motors’ JLR retail sales flat in October as UK, US markets slow Tata Motors said its overseas subsidiary Jaguar Land Rover saw retail sales grow 0.2% in October to 46,418 vehicles.Jaguar retail sales were down 14.3% to 12,336 vehicles in October, primarily reflecting lower sales of the Jaguar XE, said Tata Motors.Land Rover retailed ...
Bajaj Auto India motorcycle sales down 1% in October Bajaj Auto said sales of motorcycles in India fell 1% in the festival month of October.However, a timely growth of 20% in exports of motorcycles helped the company report a 6% growth in overall motorcycle sales during the month.Total motorcycles sold in India was 2.12 lak...
TVS Motor India 2-wheeler sales down, but exports grow TVS Motor Company reported a sales growth of 3% for its two- and three-wheeler sales in October.TWO WHEELERSScooter sales grew by 15.7% to 106,910 units in October 2017.Motorcycles sales grew by 3.2% to 125,409 units in October 2017.However, the growth came larg...
Tata Motors’ pick-ups drive 5% increase in October sales Tata Motors Limited said it saw a 5% increase in the number of vehicles sold in India during October, driven by the commercial vehicle segment.Total sales were at 48,886 units.However, most of the growth came from light CVs and pick-ups. Both commercial and personal pass...
Royal Enfield Bullet sales up 18% in October 2017 Eicher Motors said it sold 69,492 Royal Enfield Bullet motorcycles in October 2017, up 18% compared to the same month last year.However, the number represented a slight decline in the pace at which the company's sales have been growing this year.For example, from April t...
XL Catlin to buy 20% of Mahindra Insurance Brokers Mahindra Finance said global insurance major XL Group will take a 20% stake in its subsidiary Mahindra Insurance Brokers Ltd, including the 15% currently held by LeapFrog Financial Inclusion Fund."XL Group will help support MIBL’s endeavours to increase insurance awareness a...
Tata Motors wholesales up 14% in Sept, Passenger up 10% The Tata Motors said group global wholesale rose 14% in September to 1,16,419, including numbers for Jaguar Land Rover.Commercial vehicle wholesales, including Tata Daewoo, rose 20% to 41,503.Global wholesales of all passenger vehicles in September 2017 were at 74,916, h...
Mahindra Financial Services to raise 2,250 cr via share sale Mahindra and Mahindra Financial Services said the company board has approved a proposal to raise up to Rs 2,250 cr by selling shares or instruments convertible to shares.It said a Securities Issue Committee has been set up to undertake decisions in relation to the proposed i...
TVS two-wheeler sales rise 22% to 3.5 lakh in September TVS Motor Company reported one of the strongest increases in its sales in its history, partly due to the compensatory effect of GST-related troubles in the previous month.Total two-wheeler sales registered a growth of 22.1% with sales increasing from 287,449 units last year ...
Maruti Suzuki WagonR becomes only third car to see 20 lakh sales WagonR, which was India's 'big' small car for over a decade, has become the third car to cross the 2 mln sales milestone, Maruti Suzuki said.Launched in 1999, WagonR and Hyundai's Santro were the most affordable cars after Maruti 800 and Alto, which ruled as the mass models....
Tata Motors’ Jaguar Land Rover sales up 4.3% in August Total retail sales for Jaguar Land Rover increased 4.3% to 38,519 in August, the company said.The increase was "primarily reflecting the introduction of the new Range Rover Velar and the long wheel base Jaguar XFL in China as well as continuing strong sales of Discovery Spor...
Hexa helps Tata Motors post 26% India sales growth in August Tata Motors passenger and commercial vehicles total sales including exports rose 14% in August, while domestic sales rose 26%.The company sold 48,988 vehicles in the month, out of which 45,906 were sold in India.It said it found "growing demand across segments and increa...
Mahindra reports strong auto sales for August, SUV sales up 7% Mahindra & Mahindra Ltd, one of the biggest Indian automakers, reported stronger sales for its SUVs.Total utility or SUV sales for the company came in at 18,225 units, up 7% from 17,119 in August last year.With this, the company has been able to post a growth of 2% in SUV...
Bajaj Auto reports a 2% decline in domestic 2-wheeler sales Bajaj Auto, which has not been having the best of years, reported yet another decline in motorcycle sales in India for August.However, overall sales of two-wheelers were up 1% due to a 7% jump in export volumes.The company sold 1.72 lakh two-wheelers in August in India, d...
TVS Motor reports strong auto sales for July, Tata modest TVS Motor Company reported strong auto sales numbers for July, while Tata Motors had a more modest growth in the same month.TiagoTVS domestic scooter sales grew by 35.8% to 92,378 in July 2017.Motorcycles grew by 15.1% 109,427 in July 2017.However, moped sales ...
Mahindra launches fuel-efficient van under Jeeto brand to take on Maruti Suzuki Omni Automaker Mahindra & Mahindra launched a new minivan based on its Jeeto platform, priced at Rs 3.45 lakh before taxes.At the price, the van is likely to appeal to semi-commercial users, such as schools, institutions and shops. The company already has a similar offering on its...