Mahindra & Mahindra sold 45,155 vehicles June 2018; export sales robust, domestic rises by 23%

Passenger vehicle maker Mahindra & Mahindra (M&M) has announced its auto sales performance for June 2018 month. As opposed to 35,759 vehicles during June 2017, the company has sold 45,155 vehicles this year registering the growth of 26%. With this it also sees  a growth of 20% for the first quarter.

“We are happy to have garnered an overall growth of 26% for June. This growth is driven by both our commercial and personal vehicles portfolio. We hope that macro conditions such as fuel prices, interest rates and raw material prices remain at satisfactory levels to enable us and the auto industry to grow in the coming months, “Rajan Wadhera, President, Automotive Sector, M&M Ltd. Said while commenting on the monthly performance.

 Given below is the comparative sales analysis of the previous and current years  of Mahindra’s Auto Sector.

Passenger Vehicles segment

This segment includes vehicles such as UV’s, Cars and Vans.  The sales has  increased  from 16,212 vehicles in June 2017 to 18,137 vehicles in June 2018 , hence marking the growth of 12%.

Commercial vehicle segment

The sales in this segment stood 19,229 vehicles in June 2018, registering a growth of 12%

Medium and Heavy Commercial Vehicles segment

The segment registered the growth of 58%, and sold 1,108 vehicles for the month.

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While the the domestic experienced the growth of 23% , selling 41,689 vehicles during June 2018, the exports with  a growth of 87%, stood at 3,466 vehicles for the month.

Mahindra & Mahindra Ltd is a part of a $20.7 billion federation, Mahindra Group  which is the world’s largest tractor company, by volume. It that claims a leadership position in utility vehicles, information technology, financial services and vacation ownership in India. Headquartered in India, Mahindra employs over 2,40,000 people across 100 countries.