Mahindra sells 23,686 PVs in January, up 17% YoY

Mahindra & Mahindra (M&M) has reported sales of 23,686 passenger vehicles, up 17 percent year on year (January 2017: 20,169).  This comprised 22,235 utility vehicles, which is a 16 percent increase over year-ago sales of 19,217 units, and 1,451 cars and vans, up 52 percent (January 2017: 952).  

Commenting on the monthly performance, Rajan Wadhera, president, Automotive Sector, M&M, said, “We are happy to have begun the calendar year with an overall healthy growth of 32 percent (across PVs and CVs). The growth in the M&HCV 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.”