Mahindra & Mahindra Ltd. announced a growth in sales of 32 per cent in January 2018. The company sold 52,048 vehicles, compared to 39,386 vehicles during January 2017. The passenger Vehicles segment (which includes UVs, Cars and Vans) sold 23,686 vehicles in January 2018, as against 20,169 vehicles during January 2017, registering a growth of 17 per cent. The company's domestic sales stood at 49,432 vehicles during January 2018, as against 37,115 vehicles during January 2017 registering a growth of 33 per cent.
In the Medium and Heavy Commercial Vehicles segment, the company sold 1,049 vehicles in January 2018 registering a growth of 70 per cent. The exports for January 2018 stood at 2,616 vehicles, which also showed a growth of 15 per cent.
Rajan Wadhera, President, Automotive Sector, M&M Ltd. said, "We are happy to have begun the calendar year with an overall healthy growth of 32%. We have seen a good growth across our portfolio of products both Personal & Commercial. The growth in the MHCV segment lends credence to the positive momentum in the economy, which can be seen even in the growth numbers of our SCV portfolio. We believe this momentum will continue in our Q4FY2018 numbers. The upcoming Auto Expo will allow Mahindra to display a slew of exciting products and mobility solutions in keeping with automotive trends such as Shared Mobility and Last Mile Connectivity".
