Mahindra has sold a total of 35, 634 units in August, 2015, which means they have just gained 1% sales growth comapared to the same period last year. Last year they were able to sell a total of 35, 180 units. Although in recent times Mahindra has seen a steep decline in their sales figure but this new statistics statistics are no where near satisfactory level, and just before the launch of their new SUV Mahindra TUV300, this is definietly no inspiring news for them.
The passenger vehicle sales have declined by 7%, while the utility vehicles and cars-vans segment too faced declination. The only segment which has actually seen some rise is MHCV, where they have seen some 21% growth. Along with that in the commercial vehicles segment they have gained by 5% sales growth. The three wheelers segment on the other hand has also seen a steep decline.
Mahindra has been a top player in the utility and SUV segment of Indian market. But the recent trend is all about declination, which is pretty much clear from the domestic sales data available.
In the domestic segment Mahindra’s sales figure has declined by 3%. Although the company has gained an impressive amount of success in exporting vehicles, as in this segment they have seen a 73% rise than the same period last year. Their cumulative sales and exports figure however are not so impressive though, as it has gained only 1% sales growth.