GST drives SUV-maker Mahindra off road as sales dip 8% in June | autos | Hindustan Times
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GST drives SUV-maker Mahindra off road as sales dip 8% in June

M&M said the focus was to minimise channel stocks to reduce the transition losses on account of GST implementation.

autos Updated: Jul 01, 2017 16:44 IST
M&M said the focus was to minimise channel stocks to reduce the transition losses on account of GST implementation.
M&M said the focus was to minimise channel stocks to reduce the transition losses on account of GST implementation.(Reuters file photo)

Auto major Mahindra & Mahindra on Saturday reported 8% decline in total sales at 35,716 units in June. The company had sold 39,009 units in the same month last year, it said in a statement.

In the domestic market, sales were down 3% at 33,861 units last month compared to 34,989 units in June 2016.

Exports were down 54% at 1,855 units in June against 4,020 units in the same month last year.

Sales of passenger vehicles, including Scorpio, XUV500, Xylo, Bolero and Verito, declined 5% at 16,170 units compared to 17,070 units in the same month last year.

Commercial vehicle sales were up 12% at 15,131 units in June against 13,538 units in the year-ago period, the company said.

M&M president automotive sector Rajan Wadhera said the company’s focus has been to minimise channel stocks to reduce the transition losses on account of GST implementation.

“We are closely observing GST and strongly believe that once we tide over the initial uncertainties, GST is set to usher in a new era for the economy in general and the automotive industry in particular,” he added.