M&M auto sales up 22% in April

M&M auto sales up 22% in April
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Mumbai: Automobile major Mahindra and Mahindra (M&M) on Tuesday reported a rise of 22 per cent in its monthly sales for April 2018.

According to the company, its total auto sales including exports in April 2018 increased to 48,097 units as against 39,417 units sold during the same month of last year.

Besides, M&M’s domestic sales rose by 19 per cent to 45,217 vehicles from 37,889 vehicles which were sold in April 2017.

Segment-wise, sales of domestic passenger vehicle category which includes utility vehicles, cars and vans stood at 21,927 vehicles as against 19,391 vehicles sold during April 2017, registering a growth of 13 per cent.

In the commercial vehicle segment of the domestic market, the automobile major sold 18,963 vehicles in the month under review, up 26 per cent on a year-on-year basis.

The company’s exports in April 2018 surged by 88 per cent to 2,880 units compared to 1,528 units shipped abroad in April 2017.

IANS