Mahindra & Mahindra has announced that its vehicle sales in the month of August are 35,175 units. The total passenger vehicles sold by the company in August this year were 14,140 as compared to 15,812 units during August last year. The passenger vehicle sale has been cut by about 11.8 per cent, while the overall sales(that even includes commercial vehicles) is degraded by around 7.7 per cent.
Speaking over the monthly performance, Pravin Shah, Chief Executive, Automotive Division & International Operations (AFS), Mahindra & Mahindra Ltd. said, “In spite of our overall sales remaining flat in August, we continue to be optimistic due to the industry’s enhanced business confidence which is reflected by the manufacturing sector showing signs of revival. We do hope that the government continues to drive the agenda of reforms together with execution which would spur investments. The automotive industry, including us, is hopeful of a better demand leading up to the ensuing festival season.”
Though, the sales are down but the hopes are still high as the company pulls its sleeves for the launch of the Scorpio facelift. Mahindra even said that they will now launch two new products every year. We expect the sales to make an upward graph after the launch of the new Scorpio.