An employee polishes a Mahindra and Mahindra Ltd. Scorpio sports utility vehicle (SUV) on display at a NBS International Ltd. dealership in Mumbai, India. (Photographer: Vivek Prakash/Bloomberg)

Mahindra & Mahindra Sales Up 10% In March 

Automaker Mahindra & Mahindra Ltd. reported a 10 percent increase in total sales at 62,077 units in March as against 56,202 units for the same month last year.

In the domestic market, M&M's sales also went up by 10 percent to 58,653 units last month as against 53,493 units a year earlier, the company said in a BSE filing. Exports were up 26 percent at 3,424 units as compared to 2,709 units in the same period a year ago.

Sales of passenger vehicles stood at 26,555 units compared with 25,523 units in March 2017, up 4 percent. Commercial vehicle sales also went up 11 percent to 25,496 units last month against 22,908 units in year ago period, M&M said.

Commenting on the outlook, M&M President, Automotive Sector, Rajan Wadhera said: "We are particularly buoyed by the growth of our truck business, which has outperformed the industry. With three of our critical new automotive launches lined up in 2018-19, we are confident of increasing our market share in the utility vehicle space."

For the fiscal 2017-18, total sales of the company stood at 5,49,154 units as against 5,07,598 units in the previous fiscal, up 8 percent.