Mahindra Registers Growth In Sales By 8 Per Cent In December 2017

Mahindra and Mahindra ended 2017 on a high as it clocked in a growth of 8 per cent in India and this includes domestic sales as also exports. The company sold 39,200 vehicles, compared to 36,464 vehicles during December 2016. Mahindra'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. Sadly, the passenger vehicles space de-grew by 7 per cent while sales in the Utility vehicle segment fell by 9 per cent.

However, there was good news for Mahindra in the commercial vehicle business as the company 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 8%. Our commercial vehicles growth for December has been encouraging at 24% 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".