Mahindra Registers 13 Per Cent Sales Growth In July 2018

Mahindra & Mahindra announced its sales performance for July 2018 which stood at 47,199 vehicles, compared to 41,819 vehicles during July 2017, a growth of 13 per cent. The company's domestic sales touched 44,605 vehicles during July 2018, registering a growth of 12 per cent. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 19,781 vehicles in July 2018, as against 21,034 vehicles in July 2017 which is a drop of 6 per cent. However, it looks like that number will change in the coming few months as the company is all set to launch the Marazzo MPV as also the G4 SUV which is based on the Rexton and of course the sub-compact SUV - the S201.

In the commercial vehicles segment, the company sold 19,284 vehicles in July 2018, registering a 28 per cent growth. In the Medium and Heavy Commercial Vehicles segment, M&M sold 866 vehicles for the month, a growth of 32 per cent. Exports for July 2018 stood at 2,594 vehicles, a growth of 31 per cent

Rajan Wadhera, President, Automotive Sector, M&M Ltd. said, "The auto industry has been subject to certain uncertainties with the truckers strike and sluggishness on the retail front which has impacted the passenger vehicle segment. Demand for our commercial vehicles continues to be strong and the newly launched Furio range of ICVs augurs well for our M&HCV business. As we move into the festive season, we are confident of seeing a turnaround in the overall buying sentiment, coupled with the just announced Mahindra Marazzo, which is scheduled for launch next month".