Mahindra sales up 8% to 39,200 units in December

Commercial vehicle sales were up 24% at 17,542 units in December 2017 against 14,154 units in the year-ago period

Auto major Mahindra and Mahindra (M&M) on Monday reported an eight per cent increase in total sales at 39,200 units in December.

It had sold 36,464 units in the same month of the previous year, M&M said in a statement.

In the domestic market, sales were up seven per cent to 36,979 units last month compared to 34,411 units in December 2016.

Exports also grew eight per cent to 2,221 units against 2,053 units in the year-ago month.

Sales of passenger vehicles, including Scorpio, XUV500, Xylo, Bolero, and Verito, were down seven per cent to 15,543 units compared to 16,799 units in December 2016.

Commercial vehicle sales were up 24 per cent at 17,542 units in December 2017 against 14,154 units in the year-ago period, M&M said.

M&M President Automotive Sector Rajan Wadhera said: "Our commercial vehicles growth for December has been encouraging at 24 per cent and we are particularly buoyed by our ongoing strong performance in the MHCV segment, which indicates a vibrancy in the economy."

Global automotive trends such as electric vehicles and shared mobility will be key indicators for 2018 and, at Mahindra, we would continue to be a key and innovative player, he added.