Mahindra Records 21% Growth in Passenger Segment in July 2017
Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, today announced its auto sales performance for July 2017 which stood at 41,747 vehicles, compared to 39,458 vehicles during July 2016, representing a growth of 6%.
The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 20,962 vehicles in July 2017, as against 17,356 vehicles during July 2016, registering a growth of 21%. The company’s domestic sales stood at 39,762 vehicles during July 2017, as against 35,305 vehicles during July 2016, a growth of 13%. In July 2017, the Medium and Heavy Commercial Vehicles segment sold 657 vehicles, a growth of 72%. Exports for July 2017 stood at 1,985 vehicles.
Commenting on the performance, Rajan Wadhera, President, Automotive Sector, M&M Ltd. said,
We are happy with the overall performance for the month of July 2017. We have registered a growth of 21% in the Passenger Vehicle segment and a growth of 13% in overall domestic vehicle sales. The benefit of a good monsoon, the successful rollout of GST and a good run up to the festive season, starting from August, give us confidence of continuing a robust growth in Q2
Mahindra Sales Report July 2017
Check out the sales report of Mahindra Auto during July 2017:
Mahindra’s passenger segment has grown by 21% and Utility vehicle segment has grown by 20%. The largest growth ( 72%) came from the MHCV Segment.
Also check: Mahindra KUV100 Review
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