M&M`s April sales down 6%

Utility vehicles major Mahindra and Mahindra (M&M) on Tuesday reported a decline of six per cent in its passenger and commercial vehicle sales during last month. According to the company, its total sales for April decreased to 39,357 units from 41,863 units sold during the corresponding month of last year. The automobile major's domestic sales during the month under review fell by four per cent to 37,829 units as against 39,357 units sold during April 2016. M&M'S exports during the last month were down by 39 per cent to 1,528 units as compared to 2,506 units shipped out in the corresponding month of 2016.

"We are hopeful that the new financial year will bring in positive sentiments for the automotive industry with the key demand drivers in place. Factors such as the ongoing infrastructure development initiatives, outlook for a normal monsoon and the expectation of a stable policy environment will fuel growth in the coming days," said Rajan Wadhera, President, Automotive Sector, M&M. "At Mahindra we have registered a marginal de-growth in the month of April. Going forward, we are looking for a good growth momentum with our planned refreshes during FY18".

Join us for recommendation on share market and to make more money trading go through our website from here link below and let us to know you more: http://www.ripplesadvisory.com/nifty-future-.php

Ripples Advisory Private Limited

Ripples Advisory is a SEBI Registered & ISO Certified Share Market Advisory. It is undoubtedly the Best Nifty Tips Provider in India. Ripples Advisory private limited is, without doubt, the only advisory firm which has repute in providing Nifty Market Tips & other share market tips. Ripples Advisory has a team of experienced & skilled research analyst who provide sure shot share market tips which has helped its clients to earn a huge amount of profit from their investments. Get the most accurate Nifty Future Trading Tips, Nifty Market Tips, Nifty Future Tips On Mobile, etc only at Ripples Advisory. To know more about Ripples Advisory & it's services, visit - http://www.ripplesadvisory.com/nifty-future.php or give us a missed call at - 9644405056

No comments:

Post a Comment

Note: only a member of this blog may post a comment.