Mahindra & Mahindra sells 24,060 PVs in October, up 19% YoY

Advent of festive season gives M&M good market response to new products like TUV500 and also the XUV500, Scorpio and Bolero.

By Autocar Professional Bureau

02 Nov 2015

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M&M says the TUV300 has received a good market response.

Mahindra & Mahindra’s has announced sales numbers of 51,383 units during October 2015 (October 2014: 42,780 units), representing a growth of 20%.

The company’s passenger vehicles division (which includes UVs, cars and vans) sold 24,060 units in October 2015 (October 2014: 42,780 units), a growth of 19% year on year. The company’s domestic sales stood at 48,815 units during October 2015 (October 2014: 42,780 units), a growth of 21%.

Speaking on the auto sales performance for October 2015, Pravin Shah, president and chief executive (Automotive), M&M, said, “The advent of the festive season has provided the much-needed fillip for the auto industry especially on the back of the new launches of most manufacturers which has received an encouraging response. With the drop in interest rates and the fuel prices remaining benign, we expect the industry to maintain a good growth momentum going forward. At Mahindra, we are happy with our performance during October 2015, which has witnessed a positive growth of 20 percent backed by excellent response garnered from the recently launched TUV300 as well as other brands such as XUV500, Scorpio, Bolero and pickups. We are quite hopeful of this positive growth momentum continuing for the rest of the year.”

Also read:

- Mahindra's CV sales register strong 31% growth in October

- Mahindra & Mahindra’s domestic auto sales fall 6% in September