Comments
Mahindra & Mahindra has reported a 10 per cent increase in total sales at 62,077 units in March against 56,202 units for the same month last year.
In the domestic market, M&M sales went up by 10 per cent to 58,653 units last month from against 53,493 units a year earlier, the company said in a BSE filing today.
Exports were up 26 per cent at 3,424 units compared with 2,709 units in the same period a year ago. Sales of passenger vehicles stood at 26,555 units (25,523 units), up 4 per cent.
Commercial vehicle sales also went up 11 per cent to 25,496 units last month against 22,908 units in year ago period, M&M said.
Commenting on the outlook, M&M President, Automotive Sector, Rajan Wadhera, said: “We are particularly buoyed by the growth of our truck business, which has outperformed the industry. With three of our critical new automotive launches lined up in 2018-19, we are confident of increasing our market share in the utility vehicle space.”
For the fiscal 2017-18, the company’s total sales stood at 5,49,154 units against 5,07,598 units in the previous fiscal, up 8 per cent.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.