Mahindra & Mahindra sells 17,356 units in July, up 20%

Mahindra & Mahindra (M&M), the leading SUV manufacturer in the country, has sold a total of 17,356 vehicles in July 2016, up 20% (July 2015: 14,456) in the domestic market.

This comprises 15,962 utility  vehicles, which is an increase of 21% (July 2015: 13,204), and 1,394 cars and vans, up 11% year on year (July 2015: 1,252).

Together with its commercial vehicles sales, M&M recorded overall sales of 35,305 units, up 14% YoY (July 2015: 31,087).

Commenting on the sales in July 2016, Pravin Shah, president and chief executive (Automotive), M&M, “We are happy to have achieved a growth of 14% during July 2016 in  the midst of  various regulatory challenges. The advent of a good monsoon so far has brought in positive sentiment for the economy and that is somewhat reflected in our performance. At Mahindra, our growth is being driven by the various product launches of the last financial year, which have been in sync with customers’ requirements. With a strong performance in our HCV business as well as our exports, we are hopeful of a positive outlook during the rest of the financial year.”

Also read: Mahindra records lowest PV sales in 2016 despite 7% YoY increase in June