Mahindra & Mahindra (M&M) has reported 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. 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%.
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.