Mahindra and Mahindra has also released its monthly sales numbers for November 2018. The sales for the company stood at 45,101 vehicles last month, a growth of 17% when compared to 38,570 sold in November 2017.
The company’s domestic sales touched 41,564 vehicles during November 2018, as against 36,039 vehicles in November 2017, a growth of 15%. The company’s passenger vehicle sales saw a marginal hike of 1% with 16,188 units sold in November 2018, against the 16,030 units sold during the same month last year. In the Medium and Heavy Commercial Vehicles segment, Mahindra and Mahindra sold 637 vehicles for the month of the November 2018.
The company’s commercial vehicle sales were pegged at 19,673 units, registering a massive growth of 26% as the company had sold 15,554 commercial vehicles in India during the same month last year. The exports grew by 40% to 3,537 units, compared to the 2,531 units exported in November 2017.
Mahindra’s next launch scheduled for the Domestic Market is the subcompact SUV codenamed S201.
Commenting on the monthly performance, Rajan Wadhera, President, Automotive Sector, M&M Ltd. said, “We have registered a double-digit growth in our overall sales. However, adverse macro-economic conditions have impacted the growth forecast for the automotive industry in general. Going forward, we hope that decrease in fuel prices and improving liquidity will drive demand for passenger vehicles. At Mahindra, we remain upbeat due to our new product launches of Marazzo, Alturas G4 and the upcoming launch of our new SUV codenamed S201.”