Mahindra-records-8%-hike-in-CV-sales-in-January-2019
Commercial Vehicles CV

Mahindra records 8% hike in CV sales in January 2019

Mahindra’s commercial vehicle sales saw an overall hike of 8 per cent with 22,625 units sold last month, compared to the 21,002 units sold in January 2018. While light commercial vehicles, both below 3.5-tonne and above 3.5-tonne, saw a growth of 8-9 per cent, the medium to heavy commercial vehicle segment saw a considerable drop of 19 per cent, in January 2019.

Three wheeler sales saw a massive growth of 27 per cent with 6003 units being sold in January 2019, compared to the 4744 units sold during the same month last year.

Commenting on the company’s performance, Rajan Wadhera, President, Automotive Sector, M&M said, “The first month of the new calendar year continues to be on an overall growth path. There is buoyancy in rural growth, commodity costs are levelling, fuel prices are coming down and we see improvement in Forex movement, which in turn will drive positive customer sentiment. Having successfully established the Marazzo & Alturas brands and with the upcoming launch of our new compact SUV, the XUV300, we are positive on our outlook”.

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