Cars in India | Autoportal.com
Select City

Mahindra & Mahindra maintains steady sales numbers through August

Snapshot: Mahindra & Mahindra, the homegrown automajor, sold a total 35,175 units in the month of August against the 37,897 units which it sold during the last year in August.

Mahindra & Mahindra, the homegrown automajor, sold a total 35,175 units in the month of August against the 37,897 units which it sold during the last year in August. The passenger vehicle division which comprises of the SUVs and Verito could also maintain steady sales. 

Mahindra sold 14,140 units of its passenger vehicles in August 2014 as compared to the 15,821 units that company sold in August last year. The domestic sales also suffered as the company went on to sell 33,145 units of its vehicles nationwide, while last year, in month of August, it had sold around 35,159 units. The company's saving grace was the lone 3-wheeler segment where it recorded a 6 percent growth. Pravin Shah, Chief Executive, Automotive Division & International Operations(AFS), Mahindra & Mahindra Ltd. commented on the same, "In spite of our overall sales remaining flat in August, we continue to be optimistic due to the industry’s enhanced business confidence which is reflected by the manufacturing sector showing signs of revival. We do hope that the government continues to drive the agenda of reforms  together with execution which would spur investments. The automotive industry, including us, is hopeful  of a better demand leading up to the ensuing festival season ".

Recently, the company had made an announcement regarding its additional investment of Rs. 4,000 crore at its Chakan plant in Maharashtra. The Mahindra Group head-honcho Mr. Anand Mahindra commented on the same, "The Mahindra Group would like to express its deep and sincere gratitude to the Government of Maharashtra for its visionary industrial policies and efficient governance practices. This has prompted us to take the decision to scale up our world class Chakan plant, making Maharashtra a key partner in our growth over the coming years".

Related car news

  • Mahindra to shut production for three days this month 21-01-2014 Manisha Sharma Mahindra to shut production for three days this month
  • Nico Rosberg announces retirement from F1 racing 03-12-2016 Autoportal Team Nico Rosberg announces retirement from F1 racing
  • 2017 Nissan GT-R launched at Rs 1.99 crore 02-12-2016 Davender Soni 2017 Nissan GT-R launched at Rs 1.99 crore
  • Bajaj to launch the Dominar 400 on December 15 02-12-2016 Prashant Singh Bajaj to launch the Dominar 400 on December 15
  • HORIBA MIRA puts up a new Vehicle Engineering Facility in Pune, India 02-12-2016 Autoportal Team HORIBA MIRA puts up a new Vehicle Engineering Facility in...
  • Toyota Innova Crysta Touches 50,000 Sales Mark 02-12-2016 Mayank Toyota Innova Crysta Touches 50,000 Sales Mark


Helpline