Home News M&M MHCV segment grows by 151 % in Dec 2017

M&M MHCV segment grows by 151 % in Dec 2017

M&M MHCV segment grows by 151 % in Dec 2017

Mumbai, January 2, 2018

Mahindra and Mahindra Ltd (M&M Ltd) 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 per cent. In the medium and heavy commercial vehicles (MHCV) segment, M&M sold 1,193 vehicles for the month, registering an impressive growth of 151 per cent. Exports for December 2017 stood at 2,221 vehicles, a growth of 8 per cent.

Commenting on the monthly performance, Rajan Wadhera, President, Automotive Sector, M&M Ltd said, “We are happy to have ended December 2017 with a growth of eight per cent. Our commercial vehicles growth for December has been encouraging at 24 per cent 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.”

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