Mahindra’s Auto Sector Sells 41,895 vehicles during May 2017
Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, today announced its auto sales performance for May 2017 which stood at 41,895 vehicles compared to 40,656 vehicles during May 2016, representing a growth of 3%.
The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 20,290 vehicles in May 2017 as against 19,635 vehicles during May 2016, registering a growth of 3%. The company’s domestic sales stood at 40,602 vehicles during May 2017, as against 36,613 vehicles during May 2016, a growth of 11%. In May 2017, the Medium and Heavy Commercial Vehicles segment sold 438 vehicles. Exports for May 2017 stood at 1,293 vehicles.
Mahindra Auto Sector Sales – May 2017
Commenting on the performance for May 2017, Rajan Wadhera, President, Automotive Sector, M&M Ltd. said,
We are happy with our overall performance in May 2017. Given the favourable monsoon projections and the focused investment in the rural sector, we have a robust outlook for future which is expecetd to spur demand. The implementation of GST will be a significant game changer and we hope it benefits the auto industry. At Mahindra we look forward to a growth momentum on the back of our existing product portfolio as well as the upcoming new products.
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