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Mahindra’s Auto Sector sales during October 2016

Mahindra’s Auto Sector sales during October 2016

Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, announced its auto sales performance for October 2016 which stood at 52,008 vehicles compared to 51,383 vehicles during October 2015.

The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 24,737 vehicles in October 2016 as against 24,060 vehicles during October 2015, representing a growth of 3 per cent. The company’s domestic sales stood at 48,729 vehicles during October 2016, as against 48,815 vehicles during October 2015. Exports for October 2016 stood at 3,279 units registering a growth of 28 per cent over October 2015. Commenting on the auto sales performance for October 2016, Pravin Shah, President & Chief Executive (Automotive), M&M Ltd. said, “The festive season has brought about some cheer for the automotive industry with improved sentiments, on the back of a near normal monsoon, rural surge in demand and some new vehicle launches. Some of our power brands such as the Bolero, Scorpio, TUV300 and the Pickups have performed well. At Mahindra we are happy to achieve a 28 per cent growth in our exports. We have expanded our electric vehicle portfolio (zero emissions) over the last one month by adding the eSupro range and the e2oPlus. We have a cumulative growth of 12 per cent in UV, 19 per cent in Exports and a 9 per cent overall growth and hope to see the growth momentum continue for the remaining part of the year.”

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