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M&M’s Auto Sector registers 14% growth in October sales

M&M’s Auto Sector registers 14% growth in October sales

Mahindra & Mahindra’s (M&M) Auto Sector has sold 58,416 vehicles in October 2018, compared to 51,160 vehicles during October 2017, a growth of 14%. The company’s domestic sales touched 55,350 vehicles during October 2018, as against 48,860 vehicles in October 2017.

The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 24,066 vehicles in October 2018, as against 23,453 vehicles in October 2017. In the Commercial Vehicles segment, the company sold 24,353 vehicles in October 2018, registering a 26% growth. In the Medium and Heavy Commercial Vehicles segment, M&M sold 683 vehicles for the month. Exports for October 2018 stood at 3,066 vehicles, a growth of 33%.

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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