Mahindra passenger vehicle sales were reported at 22,655 units in April 2016, up from 19,464 units in April 2015, to mark 16 percent growth. Domestic sales stood at 39,357 units, up from 34,467 units a year prior to marking 14 percent growth.
Medium and Heavy Commercial Vehicles segment sales at 472 units equated to 82 percent growth. Exports at 2,506 units make for 11 percent sales growth.
Pravin Shah, President and Chief Executive (Automotive), M&M Ltd. says the financial year has started at 14 percent growth. He hopes the Supreme Court considers facts including automotive industry’s role in industrial growth when deciding on the ongoing diesel vehicle ban in NCR region on May 9th. Mahindra is hopeful about maintaining growth momentum owing to its wide-ranging product portfolio, and new variants launch to meet customer needs.
Month of April 2016 also saw Mahindra launching Yuvo range of tractors, NuvoSport, Scorpio Adventure Edition and the Big Bolero Pik-Up. Apart from focusing in India, Mahindra also launched their new range of cars in neighbouring Nepal. Highlight also includes the launch of Mahindra e2o electric car in the UK.
Apart from posting impressive sales and launching new vehicles, Mahindra also announced to set up India’s first auto shredding facility last month.