Homegrown automaker Mahindra & Mahindra said its January sales rose 32 percent in volume in January over the same month last year, at 52,048 units. The volume growth was led by the medium and heavy commercial vehicles segment which grew 70 percent at 1,049 units, the company said.
Passenger vehicles volumes (which includes UVs, cars, and vans) grew at a much slower pace of 17 percent at 23,686 units in the reporting month. Domestic sales stood at 49,432, up 33 percent, while exports rose 15 percent at 2,616 units. Also Read: Maruti Suzuki January Sales up by 4.8% to 1.51 Lakh Units, Ciaz Sales Down by 22.5%
Rajan Wadhera, president, the automotive sector at M&M said the company began the new year on a healthy note with 32 percent. Growth in the MHCV segment lends credence to the positive momentum in the economy. "We believe this momentum will continue in our Q4 numbers. The upcoming Auto Expo will allow Mahindra to display a slew of exciting products and mobility solutions," he said.
Meanwhile, its tractor volume rose 18 percent to 20,647 units, led by a 40 percent rise in domestic growth. Domestic sales rose to 20,647 units, taking the total volume to 21,875 units, as against 15,909 units for the same period last year.
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