Homegrown UV major, Mahindra & Mahindra (M&M), has reported sales of 20,962 vehicles in July 2017 from its PV business, registering a strong 21 percent YoY growth.
The passenger vehicle segment, which includes UVs, cars and vans saw sale of 20,962 vehicles in July 2017 by M&M, as against 17,356 vehicles during July 2016, registering a growth of 20.78 percent.
Overall domestic sales from its automotive division stood at at 39,762 vehicles during July 2017, as against 35,305 vehicles during July 2016, a growth of 13 percent. In July 2017, the Medium and Heavy Commercial Vehicles (M&HCV) segment sold 657 vehicles, a growth of 72 percent. Exports for July 2017 stood at 1,985 vehicles.
Commenting on the performance, Rajan Wadhera, president, Automotive Sector, M&M said, “We are happy with the overall performance for the month of July 2017. We have registered a growth of 21 percent in the Passenger Vehicle segment and a growth of 13 percent in overall domestic vehicle sales. The benefit of a good monsoon, the successful rollout of GST and a good run up to the festive season, starting from August, give us confidence of continuing a robust growth in Q2”.