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Business News/ Companies / Mahindra sales up 8% at 46,130 units in September
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Mahindra sales up 8% at 46,130 units in September

Sales of passenger vehicles, including Scorpio, XUV500, Xylo, Bolero and Verito, were also up 5% to 20,537 units

Exports during the month grew by 14% to 3,585 units as against 3,155 units in September last year, Mahindra said. Photo: BloombergPremium
Exports during the month grew by 14% to 3,585 units as against 3,155 units in September last year, Mahindra said. Photo: Bloomberg

New Delhi: Auto major Mahindra & Mahindra Ltd on Saturday reported 8% increase in total sales at 46,130 units in September.

The company had sold 42,848 units in the same month last year, a company statement said. In the domestic market, sales were up 7% at 42,545 units last month as compared with 39,693 in September 2015, M&M said. Exports during the month grew by 14% to 3,585 units as against 3,155 units in September last year, it added.

Sales of passenger vehicles, including Scorpio, XUV500, Xylo, Bolero and Verito, were also up 5% to 20,537 units compared to 19,564 units in the same month last year. Commercial vehicle sales were up 11% to 16,081 units in September as against 14,430 units in the year-ago period, M&M said.

Commenting on the sales performance, M&M chief executive (auto division) Pravin Shah said: “A good year and a normal spread of monsoon as well as new vehicle launches have helped the auto industry perform positively." He further said: “We hope that the upcoming festive season brings in better demand due to improved sentiments."

In spite of various uncertainties and challenges, the company has clocked 11% growth during the first six months of the current fiscal, he added.

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Published: 01 Oct 2016, 05:18 PM IST
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