NEW DELHI: Auto major Mahindra and Mahindra (M&M) has reported 12 per cent increase in total sales at 46,849 units in May.
It had sold 42,003 units in the same month previous year, M&M said in a statement.
In the domestic market, sales were up 8 per cent to 43,818 units last month compared with 40,710 units in May 2017.
Exports also more than doubled to to 3,031 units as against 1,293 units in the year-ago month.
Sales of passenger vehicles, including Scorpio, XUV500, Xylo, Bolero and Verito, were up 2 per cent at 20,715 units compared with 20,392 units in May 2017.
Commercial vehicle sales were up 15 per cent at 18,748 units last month against 16,261 units in the year-ago period, it said.
M&M President Automotive Sector Rajan Wadhera said: “At Mahindra we have by and large maintained our growth momentum during the month of May 2018, especially in commercial vehicles.”
On the back of a buoyant economy, the company’s MHCV division continues to outperform while exports have also been strong with a high growth, he added.
“With the forecast of a normal monsoon we are confident of good growth in the coming months,” Wadhera said.