Auto major Mahindra & Mahindra today reported an 8 per cent rise in total sales to 39,011 units in June. The company had sold 36,134 units in the same month last year.
In the domestic market, sales were up 5 per cent at 34,991 units last month compared with 33,282 units in June 2015, M&M said in a statement.
Exports surged 41 per cent to 4,020 units during the month as against 2,852 in June last year, it added.
Sales of passenger vehicles, including Scorpio, XUV500, Xylo, Bolero and Verito, also went up 7 per cent to 17,070 units, from 15,880 units in the same month last year.
Commercial vehicle sales rose 6 per cent to 13,540 units in June as against 12,737 units in the year-ago period, M&M said.
M&M Chief Executive (auto division) Pravin Shah said: “With the advent of a good monsoon which we are currently witnessing, we hope to see improved sentiment and a buoyancy in demand, enhancing rural prosperity.”
On the diesel ban issue, he said: “We do hope that the Supreme Court while taking a decision on the diesel vehicles ban in the NCR region will take cognisance of all facts, including the role the automotive industry plays in the country’s industrial growth.”
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.