Passenger vehicle maker Mahindra & Mahindra (M&M) has announced its auto sales performance for June 2018 month. As opposed to 35,759 vehicles during June 2017, the company has sold 45,155 vehicles this year registering the growth of 26%. With this it also sees a growth of 20% for the first quarter.
“We are happy to have garnered an overall growth of 26% for June. This growth is driven by both our commercial and personal vehicles portfolio. We hope that macro conditions such as fuel prices, interest rates and raw material prices remain at satisfactory levels to enable us and the auto industry to grow in the coming months,” Rajan Wadhera, President, Automotive Sector, M&M Ltd. Said while commenting on the monthly performance.
Given below is the comparative sales analysis of the previous and current years of Mahindra’s Auto Sector.
Passenger Vehicles segment
This segment includes vehicles such as UV’s, Cars and Vans. The sales has increased from 16,212 vehicles in June 2017 to 18,137 vehicles in June 2018 , hence marking the growth of 12%.
Commercial vehicle segment
The sales in this segment stood 19,229 vehicles in June 2018, registering a growth of 12%
Medium and Heavy Commercial Vehicles segment
The segment registered the growth of 58%, and sold 1,108 vehicles for the month.