Auto News

Mahindra & Mahindra posts 52.7 percent rise in sales in Nov

By Motortrend India Staff   |   01 December,2011

Auto-maker Mahindra & Mahindra on Thursday reported a 52.71 per cent rise in vehicle sales to 40,722 units in November, 2011.


The company had sold 26,666 units in the same month of 2010.


In the domestic market, the company registered a 51.63 per cent rise in sales to 38,159 units during the month, compared to 25,166 units in the year-ago period, Mahindra & Mahindra (M&M) said in a statement.


Total sales of passenger vehicles, including Scorpio, XUV500, Xylo, Bolero and Verito, stood at 17,813 units during the month under review, as against 12,323 units in November, 2010, translating into a 44.55 per cent increase.


"We are delighted with our outstanding growth in November, wherein in spite of the market slowdown post the festive season, we have been able to maintain a consistent performance. All our brands are doing well, with the excitement around XUV500 continuing as we ramp up production," M&M Chief Executive (Automotive Division) Rajesh Jejurikar said.


The company said sales of its three-wheelers went up by 31.80 per cent to 5,889 units during November, 2011, from 4,468 units during the same month last year.


Sales of the company’s Gio and Maxximo mini-trucks and other four-wheeler commercial vehicles increased by 73.56 per cent last month to 13,362 units from 7,699 units in the year-ago period, the statement said.


Light commercial vehicle sales from Mahindra Navistar Automotives Ltd stood at 1,095 units during the month, as against 676 units in the same month a year ago, a rise of 61.98 per cent.


M&M’s exports jumped by 70.87 per cent to 2,563 units during the month from 1,500 units during November, 2010.



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