Mahindra Auto Sells 52,048 vehicles during January 2018
Mahindra & Mahindra Ltd. (M&M Ltd.) today announced its auto sales performance for January 2018 which stood at 52,048 vehicles, compared to 39,386 vehicles during January 2017, a growth of 32%.
The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 23,686 vehicles in January 2018, as against 20,169 vehicles during January 2017, registering a growth of 17%. The company’s domestic sales stood at 49,432 vehicles during January 2018, as against 37,115 vehicles during January 2017 registering a growth of 33%. In the Medium and Heavy Commercial Vehicles segment, M&M sold 1,049 vehicles for the month, registering a growth of 70%. Exports for January 2018 stood at 2,616 vehicles, a growth of 15%.
Commenting on the monthly performance, Rajan Wadhera, President, Automotive Sector, M&M Ltd. said,
We are happy to have begun the calendar year with an overall healthy growth of 32%. We have seen a good growth across our portfolio of products both Personal & Commercial. The growth in the MHCV segment lends credence to the positive momentum in the economy, which can be seen even in the growth numbers of our SCV portfolio. We believe this momentum will continue in our Q4FY2018 numbers. The upcoming Auto Expo will allow Mahindra to display a slew of exciting products and mobility solutions in keeping with automotive trends such as Shared Mobility and Last Mile Connectivity
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