Mahindra & Mahindra posts 29% YoY growth in UV sales in August

Mahindra & Mahindra has sold a total of 18,246 passenger vehicles (cars, utility vehicles and vans) in August 2016, up 29% (August 2015: 14,198). This includes 17,119 UVs, which is a smart 29% year-on-year growth (August 2015: 13,307).

Commenting on the auto sales performance for August 2016, Pravin Shah, president and chief executive (Automotive), M&M, said, “The improved spread of monsoon as well as new product launches have helped the auto industry perform positively. Coupled with this, the uncertainty surrounding diesel vehicles has been lifted by the Supreme Court giving the customer the choice to buy his preferred vehicle which will help improve sentiments going forward. At Mahindra we are happy to have garnered an overall growth of 14% and a growth of 29% in UVs during the last month and we hope that the ensuing festive season will give us a further boost.”