Mahindra's Auto Sector Sells 51,127 vehicles during February 2018, registers a growth of 19%
Mumbai, March 1, 2018: Mahindra & Mahindra Ltd. (M&M Ltd.) today announced its auto sales performance for February 2018 which stood at 51,127 vehicles, compared to 42,826 vehicles during February 2017, a growth of 19%.
The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 22,389 vehicles in February 2018, registering a growth of 8%. In the commercial vehicle segment, we sold 20,946 vehicles in February 2018, registering a 28% growth. The domestic sales stood at 48,473 vehicles during February 2018, registering a growth of 20%. In the Medium and Heavy Commercial Vehicles segment, M&M sold 828 vehicles for the month, registering a growth of 16%. Exports for February 2018 stood at 2,654 vehicles, a growth of 15%.
Commenting on the monthly performance, Rajan Wadhera, President, Automotive Sector, M&M Ltd. said, "We are happy with our February performance with the business having registered a growth of 19%. This performance comes on the back of a sustained momentum and demand, both in the personal and commercial vehicle segments, which we believe will also continue in the month of March."
|SSales Summary February 2018|
|F18||F17||% Change||F18||F17||% Change|
|Cars + Vans||1412||1188||19%||13628||12739||7%|
|LCV < 3.5T||19225||15094||27%||176521||146273||21%|
|LCV > 3.5T||893||573||56%||6679||6523||2%|
|Total Domestic Sales||48473||40526||20%||462280||416737||11%|
|Total Sales (Domestic + Export)||51127||42826||19%||487093||451392||8%|
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 enjoys 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, aerospace, commercial vehicles, components, defence, logistics, real estate, renewable energy, speedboats and steel, amongst other businesses. Headquartered in India, Mahindra employs over 2,40,000 people across 100 countries.
Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise
Media contact information:
Vice President (Communications)
Mahindra & Mahindra Ltd.
Office Direct Line – + 91 22 28468510
Office Email Address – firstname.lastname@example.org
Other Key Releases
From solar lamps and water jugs and even prosthetic limbs, 3D printing has the potential to drive positive change in the lives of people everywhere. The Mahindra Group has now designed and implemented a pilot project to bring its benefits to semi-urban and rural India.
2016 has gone down in history as Mahindra Racing's most successful Moto3™ World Championship campaign to date. Goals were achieved and surpassed, causing the bar to constantly raise as the season progressed.
Mahindra partners with IBM to develop cloud-based Block Chain application, one of the first projects of its kind in India outside of traditional banking.