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M&M's Auto Sector registers 10% growth in March sales

Mahindra & Mahindra's (M&M) Auto Sector has sold 62,077 vehicles in March 2018, as against 56,202 vehicles during March 2017, to register a growth of 10%.

The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 26,555 vehicles in March 2018, a growth of 4%. In the commercial vehicle segment, the company sold 25,496 vehicles in March 2018, registering an 11% growth. The domestic sales stood at 58,653 vehicles during March 2018, registering a growth of 10%. In the Medium and Heavy Commercial Vehicles segment, M&M sold 1,377 vehicles for the month. Exports for March 2018 stood at 3,424 vehicles, a growth of 26%.

For the financial year ended March 31, 2018, Auto Sector sales stood at 5,49,154 vehicles compared to 5,07,598 vehicles during FY2017, registering 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.

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