Mahindra’s Auto Sector Sells 41,747 vehicles during July 2017

Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, 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 per cent. 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 per cent. 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 per cent. In July 2017, the Medium and Heavy Commercial Vehicles segment sold 657 vehicles, a growth of 72 per cent. 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 per cent in the Passenger Vehicle segment and a growth of 13 per cent 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”.