Utility vehicles major Mahindra & Mahindra (M&M) has reported 2 per cent increase in total sales at 55,022 units in September. The company had sold 53,752 units in the same month last year.

According to a company statement, domestic market sales were up one per cent at 51,268 units last month compared with 50,545 units in September 2017. Exports also increased 17 per cent to 3,754 units from 3,207 units.

Sales of passenger vehicles (which includes UVs, cars and vans) stood at 21,411 units, down 16 per cent, compared with 25,414 units in the same month last year. Commercial vehicle sales were at 22,917 units in September, up 19 per cent, from 19,203 units in the year-ago period, M&M said.

“The month of September has been muted for passenger vehicles due to factors such as low consumer buying sentiment, high fuel prices and the effects of monsoon in many parts of the country,” M&M President Automotive Sector Rajan Wadhera said.

M&M remains hopeful that the upcoming festive season will augur well for the company as well as for the automotive industry, he added.

Mahindra & Mahindra has reported 18 per cent decline in tractor sales at 37,581 units in September against 45,788 units in the same month last year.

Domestic market sales stood at 35,953 units compared with 44,220 units in the same month a year ago, down 19 per cent. Exports were however up 4 per cent at 1,628 units against 1,568 units in the corresponding month last year, it added.

Related Topics
comment COMMENT NOW