Mahindra auto sector sells 56,031 units in March; passenger UVs sales slip 6pc

Mahindra & Mahindra Ltd. (M&M Ltd.) announced its auto sales performance for March 2017 which stood at 56,031 vehicles compared to 52,718 vehicles during March 2016, representing a growth of 6%.

The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 25,352 vehicles in March 2017 as against 26,885 vehicles during March 2016, thereby registering a negative growth of (-) 6pc. The passenger vehicles segments saw a degrowth of 6pc for the utility vehicle segment at 23,827 units (25,436), while the passenger cars and vans sales stood at 1525 units (1449), registering a growth of 5pc.

The company’s domestic sales stood at 53,322 vehicles during March 2017, as against 48,967 vehicles during March 2016, a growth of 9%. In March 2017, the Medium and Heavy Commercial Vehicles segment sold 1,471 vehicles, registering a growth of 67%. Exports for March 2017 stood at 2,709 vehicles.

For the financial year ended March 31, 2017, auto sales performance stood at 5,06,625 vehicles compared to 4,94,098 vehicles during FY2016, registering a growth of 3%. 

  Sales Summary March 2017