The utility vehicle major, Mahindra has reported that it has sold 32,499 units and declined 21.85 percent total sales in November 2016, compared to the total sales in the same month of the previous year are 41,590 units.
Mahindra has sold a total of 29,814 units in the last month and reported 24.29 percent decline in domestic sales compared to the sales in November 2015, 39,383 units. Surprisingly, Mahindra’s exports increased by 22 percent with the sales of 2,685 units, compared to 2,207 units in year-ago month sales.
With the Mahindra XUV500, Scorpio, Bolero, Xylo and Verito, the segment of passenger vehicles also declined 33 percent to 13,217 units. In November 2015, Mahindra has sold 19,662 units of passenger vehicles.
Sales of commercial vehicles, including the Bolero Pikup, Genio, and Supro were down 15 percent to 12,644 units as compared to 14,801 units in the same month last year. The company sales were declined in the festival season due to the interest rate changes and rural demand. Moreover, Mahindra expected that the company sales to be increased in the coming months with the introduction of new utility vehicles.