M&M pick up vehicles domestic sale crosses 1.5 lakh units
Auto major Mahindra & Mahindra on Monday said its pick up vehicles' domestic sale crossed 1.5 lakh units in domestic marker during the fiscal ended March this year. The pick up range has sold 1,62,000 vehicles in FY-2019, compared to 1,49,121 vehicles in FY-2018, logging a 9 per cent growth, thereby posting the highest-ever annual sales growth in the segment since the launch, the company said in a release.
Mahindra's pick up range, which caters to the cargo transport segment, comprises brands such as Bolero Maxi Truck, Bolero pik-up, Bolero Camper and Imperio. The company commands as high as 58 per cent market share in the 2-3.5 tons light commercial vehicle (LCV) category.
"The journey towards achieving this over 1.5 lakh units milestone of pickups in fiscal 2018-19 is a proud moment for us. We are grateful to all our customers and for the success of our newly-launched Maha Bolero Pickup 1.7T. Mahindra has the widest range in this segment today," said Veejay Ram Nakra, the company's chief of sales and marketing for automotive sector.
At present, the pick-up segment in India has sales of over 14,000 vehicles per month and is growing rapidly, the company said, adding Mahindra groups market share in the segment stood at 58 per cent in FY19..
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
ALSO READ
US Delegation to Embark on Trade Mission to India to Discover Promising Agribusiness Opportunities
NEWSMAKER-He once sold tea, now India's Modi seeks his own 'tryst with destiny'
ADB forecasts robust investment and consumer demand to boost India's GDP growth to 7% in FY25
INSIGHT-India's Gandhi dynasty, trailing Modi, battles for political survival
India's Explosive Growth over the Past Decade, According to Silicon Valley Entrepreneur