M&M November auto sales up 18%


Mahindra & Mahindra Ltd stated that the auto sales for November 2017 which stood at 38,570 vehicles, compared to 32,564 vehicles during November 2016.

The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 16,030 vehicles in November 2017, as against 13,198 vehicles during November 2016, a growth of 21%.

The company’s domestic sales stood at 36,039 vehicles during November 2017, as against 29,869 vehicles during November 2016, registering a growth of 21%.

In the Medium and Heavy Commercial Vehicles segment, M&M sold 792 vehicles for the month, a growth of 122%. Exports for November 2017 stood at 2,531 vehicles, a de-growth of 6%

Rajan Wadhera, President, Automotive Sector, M&M Ltd. said, “Our passenger and small commercial vehicles growth for the month of November have been very encouraging at 21% and 29% respectively, while the MHCV segment continued to grow very well.”

Yash Ved
Yash Ved is a Senior Correspondent at NewsBarons and comes with a decade of experience across leading online and offline publications. A keen observer of the stock index movement, Yash also likes covering Real Estate and the BFSI sector. A financial management and Journalism student, Yash believes learning as a continuous journey and enjoys following the IT and the Pharmaceutical industry and has penned many articles on the subjects.