Mahindra Auto Sector sells 39,357 vehicles in April 2017
Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, today announced its auto sales numbers which stood at 39,357 vehicles during April 2017, as against 41,863 vehicles during April 2016.
The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 19,325 vehicles in April 2017, as against 22,655 vehicles during April 2016. The company’s domestic sales stood at 37,829 vehicles during April 2017, as against 39,357 vehicles during April 2016. In April 2017, the Medium and Heavy Commercial Vehicles segment sold 278 vehicles. Exports for April 2017 stood at 1,528 vehicles.
Commenting on the performance for April 2017, Rajan Wadhera, President, Automotive Sector, M&M Ltd. said,
We are hopeful that the new financial year will bring in positive sentiments for the automotive industry with the key demand drivers in place. Factors such as the ongoing infrastructure development initiatives, outlook for a normal monsoon and the expectation of a stable policy environment will fuel growth in the coming days. At Mahindra we have registered a marginal de-growth in the month of April. Going forward, we are looking for a good growth momentum with our planned refreshes during FY18
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