Auto Giant Mahindra sells 41,895 Vehicles in May 2017

Mahindra & Mahindra Ltd. (M&M Ltd.) today announced that its auto sales stood at 41,895 vehicles in May 2017 as compared to 40,656 vehicles during May 2016, registering a growth of 3%.
 
The passenger vehicles segment (which comprises UVs, cars, and vans) sold 20,290 vehicles in May 2017 as against 19,635 vehicles during May 2016, also showing a growth of 3%.
 
The company’s domestic sales stood at 40,602 vehicles during May 2017, as opposed to 36,613 vehicles during May 2016, showing a significant growth of 11%.
 
In May 2017, the medium and heavy commercial vehicles segment sold 438 vehicles. Exports for May 2017 stood at 1,293 vehicles.
 
Giving his views regarding the performance for May 2017, Rajan Wadhera, President, Automotive Sector, M&M Ltd. said, “We are happy with our overall performance in May 2017. Given the favourable monsoon projections and the focused investment in the rural sector, we have a robust outlook for future which is expected to spur demand. The implementation of GST will be a significant game changer and we hope it benefits the auto industry. At Mahindra, we look forward to a growth momentum on the back of our existing product portfolio as well as the upcoming new products.”