Auto major Mahindra reports increase in sales by 14 percent in August

Auto major Mahindra & Mahindra reported Saturday 14 percent increase in total sales at 48,324 units in August.

The company had sold 42,207 units in the same month last year, M&M said in a statement.

In the domestic market, sales were at 45,373 units last month, up 15 percent, as compared to 39,615 units in August 2017.

Exports also increased 14 percent at 2,951 units in August against 2,592 units in the same month last year.

Sales of passenger vehicles (which includes UVs, cars, and vans) were at 19,758 units, up 2 percent, as compared to 19,406 units in the same month last year.

Commercial vehicle sales were at 20,326 units in August, up 25 percent, against 16,303 units in the year-ago period, M&M said.

M&M President Automotive Sector Rajan Wadhera said, "The auto industry remained subdued in August with low sentiments due to some external factors. Our commercial vehicles portfolio including our trucks and buses continue to post robust growth".

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