Mahindra Passenger Vehicle Sales up by 7% in January 2019
The company’s domestic sales touched 52,500 vehicles during January 2019, as against 49,432 vehicles in January 2018, a growth of 6%.
Mahindra Logo. (File Photo: Reuters)
Mahindra & Mahindra Ltd. (M&M Ltd.), a part of the USD 20.7 billion Mahindra Group, has announced its auto sales performance for January 2019 which stood at 55,722 vehicles, compared to 52,063 vehicles during January 2018, a growth of 7%.
The company’s domestic sales touched 52,500 vehicles during January 2019, as against 49,432 vehicles in January 2018, a growth of 6%. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 23,872 vehicles in January 2019, as against 23,686 vehicles in January 2018.
In the Commercial Vehicles segment, the company sold 22,625 vehicles in January 2019, as against 21,002 vehicles in January 2018, a growth of 8%. In the Medium and Heavy Commercial Vehicles segment, M&M sold 849 vehicles for the month. Exports for January 2019 stood at 3,222 vehicles, a growth of 22%.
Commenting on the performance, Rajan Wadhera, President, Automotive Sector, M&M Ltd. said, “The first month of the new calendar year continues to be on an overall growth path. There is buoyancy in rural growth, commodity costs are leveling, fuel prices are coming down and we see improvement in Forex movement, which in turn will drive positive customer sentiment. Having successfully established the Marazzo & Alturas brands and with the upcoming launch of our new compact SUV, the XUV300, we are positive on our outlook”.
Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.
Recommended For You
- Shahid Kapoor and Ishaan Khattar's Maternal Grandmother Passes Away
- Kai Po Che? Kite Strings in Gujarat Have Killed Over 150 Birds
- Scientists Are Trying to Find Survivors of Endangered Species in Australian Bushfires
- 1917 Movie Review: Sam Mendes' Oscar-nominated Tale is a War Classic
- Horsing Around: Touristy Stallion Rides Bus Back Home after Being Found Wandering on UK Highway