Mahindra's Auto Sector Sells 38,570 vehicles during November 2017
Registers a growth of 18%
Mumbai, December 1, 2017: Mahindra & Mahindra Ltd. (M&M Ltd.) today announced its auto sales performance for November 2017 which stood at 38,570 vehicles, compared to 32,564 vehicles during November 2016.
The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 16,030 vehicles in November 2017, as against 13,198 vehicles during November 2016, a growth of 21%. The company’s domestic sales stood at 36,039 vehicles during November 2017, as against 29,869 vehicles during November 2016, registering a growth of 21%. In the Medium and Heavy Commercial Vehicles segment, M&M sold 792 vehicles for the month, a growth of 122%. Exports for November 2017 stood at 2,531 vehicles, a de-growth of 6%
Commenting on the monthly performance, Rajan Wadhera, President, Automotive Sector, M&M Ltd. said, "We are happy to be in a positive growth phase for November 2017, which is usually a lean period post the festive season. Our passenger and small commercial vehicles growth for the month of November have been very encouraging at 21% and 29% respectively, while the MHCV segment continued to grow very well. We expect our growth momentum to continue on the back of some recent refresh launches as well as the positivity of our product portfolio."
|Sales Summary November 2017|
|F18||F17||% Change||F18||F17||% Change|
|Cars + Vans||1072||782||37%||9736||9757||0%|
|LCV < 3.5T||14262||11911||20%||122238||105295||16%|
|LCV > 3.5T||500||451||11%||4539||4884||-7%|
|Total Domestic Sales||36039||29869||21%||327391||304685||7%|
|Total Sales (Domestic + Export)||38570||32564||18%||344731||332726||4%|
The Mahindra Group is a USD 19 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It has a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world's largest tractor company, by volume. It also enjoys a strong presence in agribusiness, components, commercial vehicles, consulting services, energy, industrial equipment, logistics, real estate, steel, aerospace, defence and two wheelers. Headquartered in India, Mahindra employs over 200,000 people across 100 countries.
Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise
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