Mahindra Passenger Vehicles witness  17%Sales Growth in February
Mahindra Passenger Vehicles witness 17%Sales Growth in February
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The automobile manufacturer Mahindra & Mahindra  witnessed the gowth of 10 per cent in february month. The company's domestic sales touched 52,915 vehicles during February 2019, as against 48,473 vehicles in February 2018, a growth of 9 per cent.

 The passenger vehicles segment which includes UVs, Cars and Vans and sold 26,109 vehicles in February 2019, as against 22,389 vehicles in February 2018, registering a growth of 17 per cent. The growth in sales has been thanks to the launch of new cars across different segments in the country. The company launched the Marazzo, Alturas G4 and even the XUV300 in FY 2018-19 and the demand from the UV space has definitely been addressed by these cars.

"The month of February has augured well for Mahindra. We have witnessed a strong double digit growth of 16% in our UV portfolio, on the back of our newly launched XUV300 model. Further, the overall growth for the month has been around 10%. On a YTD basis too, we have shown a strong growth of 12% at an overall level." Said Rajan Wadhera, President, Automotive Sector, M&M Ltd.

Talking about Marazzo, it  received a 4 star safety rating from Global NCAP recently .In the Commercial Vehicles segment, the company sold 21,154 vehicles in February 2019, as against 20,946 vehicles in February 2018, registering a marginal growth. In the Medium and Heavy Commercial Vehicles segment, the company sold 686 vehicles for the month. 

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