The largest utility vehicle maker, Mahindra has announced its sales report for the month of February 2017. Mahindra has sold 42,714 units of total vehicles in the previous month compared to 44,002 units in February 2016. With the sales of cars, UVs and Vans, the passenger vehicle segment stood at 20,605 units in February 2017 and declined by 13% compared to 23,718 units in the same month of an earlier year.
Mahindra has sold 40,414 units in the domestic market during February 2017 and declined by 2 percent as against 41,348 units in the year-ago month. Exports in the last month stood at 2,300 units and declined to 13.3% in the previous month as against 2,654 units in February 2017.
In the commercial vehicle business, Mahindra has a growth of 18% with 16,383 units of domestic sales and exports in the last month as against 13,864 units in February 2016. Mahindra MHCVs have reported the highest growth of 49% in the exports in the last month with sales of 716 units.
Overall, the automotive industry is receiving positive sales over the previous two months. In the coming days, the company will have better sales with the improving rural sentiments in the total sales, especially in the small commercial vehicle segment, according to Pravin Shah, chief executive of Mahindra & Mahindra (auto division).