Mahindra & Mahindra sells 17,356 units in July, up 20%
M&M's sales pof 17,356 units 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).
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
RELATED ARTICLES
Continental exits TBR market in India, shifts focus to car and SUV radials
German tyre manufacturer aims to tap the double-digit market growth opportunity for big SUV and luxury car tyres which w...
New ZF SELECT e-drive platform gives EV makers a choice in 100 to 300 kW range
Modular e-drive platform optimally matches 800-volt overall system and components such as the electric motor and power e...
Daimler India CV and BharatBenz deliver 200,000th truck
Daimler India Commercial Vehicles' portfolio includes truck models ranging from 10 to 55 tonnes for a wide variety of ap...