M&M December sales up 1% at 39,755 units

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M&M December sales up 1% at 39,755 units

Homegrown auto major Mahindra & Mahindra on Tuesday reported 1 percent increase in total vehicle sales at 39,755 units in December 2018. The company had sold 39,200 units in December 2017, Mahindra & Mahindra (M&M) said in a statement.

Domestic sales were, however, down 1 percent at 36,690 units last month from 36,979 units in December 2017, it added.

Passenger vehicle sales during the month were at 15,091 units as against 15,543 units in the year-ago month, down 3 percent.

Commercial vehicle sales were also down 4 percent at 16,906 units last month from 17,542 units in December 2017.

Commenting on the sales performance, M&M President, Automotive Sector Rajan Wadhera said in the “domestic market, challenges relating to tight liquidity and low buying sentiment continue the de-growth for December”.

“We hope to see good performance in Q4, owing to the anticipated rural demand because of the harvesting season and the launch of our new XUV300 in February 2019,” he added.

Images are for reference only.Images gathered automatic from google.All rights on the images are with their original owners.

2019-01-04 07:37:47

Images are for reference only.Images gathered automatic from google.All rights on the images are with their original owners.

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