Industry/Official

Mahindra registers a growth of 8% in December 2017

Mahindra-KUV-100-NXT

Mahindra & Mahindra announced its auto sales performance for December 2017 which stood at 39,200 vehicles, compared to 36,464 vehicles during December 2016.

The company’s domestic sales stood at 36,979 vehicles during December 2017, as against 34,411 vehicles during December 2016, registering a growth of 7%. In the Medium and Heavy Commercial Vehicles segment, M&M sold 1,193 vehicles for the month, registering an impressive growth of 151%. Exports for December 2017 stood at 2,221 vehicles, a growth of 8%

Rajan Wadhera, President, Automotive Sector, M&M Ltd. said, “We are happy to have ended December 2017 with a growth of 8%. Our commercial vehicles growth for December has been encouraging at 24% and we are particularly buoyed by our ongoing strong performance in the MHCV segment which indicates a vibrancy in the economy. Global automotive trends such as electric vehicles and shared mobility will be key indicators for 2018 and at Mahindra we would continue to be a key and innovative player”.

However, in the Passenger Vehicle segment, the cars such as KUV100 and Verito seems to be doing good compared to the Utility Vehicles.

Mahindra-Auto-December-2017-and-2017-YTD-sales

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