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.