Mahindra & Mahindra Ltd.
58.20 (1.87%) M&M’s Auto Sector registers 8% growth in December sales
Date: 01-01-2018Mahindra & Mahindra’s (M&M) Auto Sector has sold 39,200 vehicles in December 2017, as against 36,464 vehicles during December 2016, to register a growth of around 8%.
The company’s domestic sales stood at 36,979 vehicles during December 2017, as against 34,411 vehicles during December 2016, registering a growth of 7%. In the Medium and Heavy Commercial Vehicles segment, the company sold 1,193 vehicles for the month, registering an impressive growth of 151%. Meanwhile, exports for December 2017 stood at 2,221 vehicles, a growth of 8%.
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.