Mahindra & Mahindra makes19% growth in July
Utility vehicle major Mahindra & Mahindra Ltdclosed July with 19 percent growth in sales selling 47,059 units.
In a statement issued Wednesday, M&M said the company sold 47,059 units (domestic 42,799 units, exports 4,260 units) last month as against 39,633 units (domestic 37,323 units, exports 2,310 units) sold in July 2011.
In the passenger vehicles segment (utility vehicles and Verito), M&M sold 22,011 units last month, up form 17,312 units sold during July 2011.
The company sold 14,688 units of commercial vehicles (passenger and load carriers) last month as against 13,472 units sold in July 2011.
However, the company's three-wheelers and commercial vehicles logged negative sales for the month.