Mahindra & Mahindra Ltd.
58.20 (1.87%) M&M’s Auto Sector registers 18% growth in November sales
Date: 01-12-2017Mahindra & Mahindra’s (M&M) Auto Sector has sold 38,570 vehicles in November 2017, as against 32,564 vehicles during November 2016, to register a growth of 18%.
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%.
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.