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M&M’s Auto Sector registers 17% growth in November sales

01 Dec 2018 Evaluate

Mahindra & Mahindra (M&M) has reported auto sales performance for November 2018 which stood at 45,101 vehicles, compared to 38,570 vehicles during November 2017, a growth of 17%. The company’s domestic sales touched 41,564 vehicles during November 2018, as against 36,039 vehicles in November 2017, a growth of 15%. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 16,188 vehicles in November 2018, as against 16,030 vehicles in November 2017.

In the Commercial Vehicles segment, the company sold 19,673 vehicles in November 2018, registering a 26% growth. In the Medium and Heavy Commercial Vehicles segment, M&M sold 637 vehicles for the month. Exports for November 2018 stood at 3,537 vehicles, a growth of 40%.

M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.

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