Mahindra & Mahindra Ltd. recorded an all time high monthly sales this October 2012. The company sold about 53438 units last month, registering a 29% growth over October 2011 which stood at 41506 units.
The sales of Mahindra & Mahindra’s passengers vehicles has also hit through the roof with the company selling 26932 units in October 2012, registering a 44% rise in its sales record. Even its domestic sales report showed an increase of 30%. The 4 wheeler commercial segment also registered a growth of 26% at 16561 units.
Commenting on the performance, Pravin Shah, Chief Executive, Automotive Division, Mahindra & Mahindra Ltd. said, “The reduction of 25 basis points in CRR in the recently announced credit policy is a positive step. This however is not likely to result in a decrease of interest rates for corporate or retail credits and hence the current financing rates will still remain high for auto industry customers which is a cause of concern. We are thankful to our customers whose support and acceptance of all our newly launched products has been instrumental in achieving our all time high monthly sales during October 2012.”