Registers a 21% growth in Passenger Vehicles segment
Mumbai, August 1, 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”.
Sales Summary July 2017
|F18||F17||% Change||F18||F17||% Change|
|Cars + Vans||1810||1394||30%||4513||4845||-7%|
|LCV < 3.5T||13761||12230||13%||56770||47871||19%|
|LCV > 3.5T||605||556||9%||2632||3019||-13%|
|Total Domestic Sales||39762||35305||13%||152054||146264||4%|
|Total Sales (Domestic + Export)||41747||39458||6%||158715||160986||-1%|