Mahindras Registers Overall Growth Of 11% In FY-19

Mahindras Registers Overall Growth Of 11% In FY-19

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Mahindra and Mahindra Ltd. (M&M Ltd.), a piece of the USD 20.7 billion Mahindra Group, today declared its car deals execution for the money related year finished March 31, 2019, which remained at 6,08,596 vehicles, contrasted with 5,49,153 vehicles amid FY-18, enlisting a development of 11 per cent. For the long stretch of March 2019 the organization sold 62,952 vehicles, a negligible development over March 2018.

Commenting on the performance, Rajan Wadhera, President, Automotive Sector, M&M Ltd. said, "We have closed FY-19 with robust double digit growth of 11 per cent at an overall level, despite strong headwinds faced by the Indian automotive industry this year. This growth has been supported by our three new product launches, which have been well received in the market. The commercial vehicles segment and exports have also posted strong growth rates of 15 per cent and 37per cent respectively."

The organizations residential deals contacted 59,012 vehicles amid March 2019, as against 58,652 vehicles in March 2018. The Passenger Vehicles portion (which incorporates UVs, Cars and Vans) sold 27,646 vehicles in March 2019, enlisting a development of 4 per cent. In the Commercial Vehicles portion, the organization sold 24,423 vehicles in March 2019, as against 25,495 vehicles in March 2018. In the Medium and Heavy Commercial Vehicles portion, M&M sold 917 vehicles for the month. Fares for March 2019 remained at 3,940 vehicles, a development of 15 per cent.

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Swati Sanchayi

A diverse bilingual (English and Hindi) Copywriter and Content Creator based in New Delhi, India. With a degree in Journalism, I always had an inclination towards writing. As a writer, I have worked on content related to automobile, technology, travel, lifestyle, photography and many more.

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