Mahindra & Mahindra Domestic Auto Sales Rise 21% in November; Tractor Sales Grow 32%

India’s largest utility vehicle manufacturer Mahindra & Mahindra has sold a total of 36,039 automobiles in the domestic market in November 2017, thereby recording a year-on-year growth of 21 per cent. Its auto exports, however, declined 6 per cent at 2,531 units.

Mahindra & Mahindra’s total passenger vehicles sold 16,030 units when compared with 13,198 units during November 2016. Its sales, thus, went up by 21 per cent. While monthly sales of utility vehicles increased 20 per cent, the same for Mahindra cars and vans went up by 37 per cent.

When it comes to commercial vehicles, Mahindra recorded growth of 22 per cent at 15,554 units. During November 2016, Mahindra & Mahindra sold 12,718 commercial vehicles.

Rajan Wadhera, President, Automotive Sector, Mahindra & Mahindra said, “We are happy to be in a positive growth phase for November 2017, which is usually a lean period post the festive season. Our passenger and small commercial vehicles growth for the month of November have been very encouraging at 21 per cent and 29 per cent respectively, while the MHCV segment continued to grow very well. We expect our growth momentum to continue on the back of some recent refresh launches as well as the positivity of our product portfolio.”

During November 2017, Mahindra & Mahindra collaborated with Uber to explore the deployment of electric vehicles on the Uber platform in several cities across India.

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Mahindra Farm Equipment Sector

Mahindra sold 21,046 tractors in the domestic market, during the month ended 30 November, 2017, thereby witnessing year-on-year growth of 32 percent.

It exported 1.708 tractors as against 1,344 units during November 2017. Its exports, thus, increased 27 per cent.

 Rajesh Jejurikar, President - Farm Equipment Sector, Mahindra & Mahindra said, “We have sold 21,046 tractors in the domestic market during November 2017, a growth of 32 per cent over last year. Agri economy has experienced healthy monsoon, higher kharif production and improved MSPs. We expect the positive demand sentiment to continue. In the exports market, we sold 1,708 tractors with a growth of 27 per cent over November 2016.”