Mahindra & Mahindra (M&M) has reported its auto sales performance for April 2017 which stood at 39,357 vehicles compared to 41,863 vehicles during April 2016, representing a fall of 5.99%.
The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 19,325 vehicles in April 2017 as against 22,655 vehicles during April 2016. The company’s domestic sales stood at 37,829 vehicles during April 2017, as against 39,357 vehicles during April 2016, a decline of 4%. In April 2017, the Medium and Heavy Commercial Vehicles segment sold 278 vehicles, registering de-growth of 41%. Moreover, total exports declined 39% for April 2017 and stood at 1,528 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.