Mahindra ends 2017 on a high note; Sells 39,200 vehicles in December 2017

In the medium and Heavy Commercial Vehicles segment, M&M sold 1,193 vehicles for the month, registering massive growth of 151%.

By: | Updated: January 1, 2018 2:26 PM

Indian automaker Mahindra & Mahindra has sold a total of 39,200 units in December 2017 reporting a growth of 4 percent. The company had sold 36,464 units in December 2016. It has been a strong year for Mahindra's commercial vehicles as the sales grew by 24 percent. The company sold a total of 17,542 units of CVs last month as against 14,154 units in December 2016.In the medium and Heavy  Commercial  Vehicles segment,  M&M  sold  1,193 vehicles for the month, registering massive growth of 151%.  Exports for December 2017 stood at 2,221 vehicles, a growth of 8%. Passenger vehicles sales dropped by 7 percent as a company managed to sell 15,543 units. The EESL tender saw Mahindra Electric starting to supply Mahindra eVerito to a government that helped the sales of cars to go up to 1029 units.

Also read: Mahindra plans blockbuster 2018: New SUVs, crossover, EV with launch time revealed

Commenting on the monthly performance, Rajan   Wadhera, President,   Automotive Sector, M&M said,“We are happy to have ended December  2017  with  a growth of 8%.  Our commercial vehicles growth for December has been encouraging at 24% and we are particularly buoyed by our ongoing strong performance in the  MHCV segment which indicates a  vibrancy in the economy.  Global automotive trends such as electric vehicles and shared mobility will be key indicators for  2018 and at Mahindra, we would continue to be a key and innovative player”.

The year 2017 has been a consolidation year for Mahindra and its now in 2018 when the company will execute many of its planned business strategies which include new products. The company has line up new SUV launches and will also be launching the electric version of the Mahindra KUV 100 in 2018.

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