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M&M reports 3% rise in May sales

Mahindra & Mahindra (M&M) has reported its auto sales performance for May 2017 which stood at 41,895 vehicles compared to 40,656 vehicles during May 2016, representing a growth of 3%.

The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 20,290 vehicles in May 2017 as against 19,635 vehicles during May 2016. The company’s domestic sales stood at 40,602 vehicles during May 2017, as against 36,613 vehicles during May 2016, a growth of 11%. In May 2017, the Medium and Heavy Commercial Vehicles segment sold 438 vehicles. Moreover, total exports declined 68% for May 2017 and stood at 1,293 vehicles.

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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