Mahindra And Mahindra's Sales Grow By 19 Per Cent In February 2018

Continuing the growth momentum auto majors Maruti Suzuki India, Mahindra & Mahindra and Tata Motors on Friday posted robust double-digit growth in their domestic sales for February. Reuters file

Continuing the growth momentum, auto majors Maruti Suzuki India (MSI), Mahindra & Mahindra (M&M) and Tata Motors on Friday posted robust double-digit growth in their domestic sales for February.

Domestic sales in February stood at 48,473 vehicle against 40,526 units in the year-ago period, registering a growth of 20 per cent. Exports during the month grew 15 per cent to 2,654 units from 2,300 in February 2017.

On the other hand, Ford India reported a marginal decline in total sales at 23,965 units in February. Its domestic sales, however, grew 8.43 per cent to 9,041 units against 8,338 units in the year-ago month.

Toyota Kirloskar Motor, the Indian unit of the Japanese automobile giant Toyota, reported a 3 per cent increase in domestic sales at 11,864 units in February.

Auto stocks Eicher Motors (up 1.56 per cent), Exide Industries (up 1.13 per cent) and Mahindra & Mahindra (up 0.65 per cent) were trading up during afternoon trade on Thursday, buoyed by positive sale numbers in the month of February. Domestic sales jumped 39% to 19,280 units.

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In the commercial vehicle space, Hinduja Group flagship Ashok Leyland recorded 29 percent increase in total sales at 18,181 units in February 2018. In the commercial vehicle segment, we sold 20,946 vehicles in February 2018, registering a 28% growth.

The country's largest vehicle maker Maruti Suzuki India today reported a 15 per cent increase in total sales in February.

In the medium and heavy commercial vehicles segment, M&M sold 828 vehicles for the month, registering a growth of 16%. The company sold 51,127 vehicles, compared to 42,826 vehicles during February 2017. The company had sold 15,007 units in the same month a year ago.

TVS Motor Company's domestic two-wheeler sales increased 33.5% to 2,30,353 units, against 1,72,611 units in the year-ago month.

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