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M&M posts 20% rise in sales in October

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 12:53 AM IST

Auto-maker Mahindra & Mahindra today reported 20.32% jump in its total sales at 41,506 units in October 2011.

The company had sold 34,495 units in the corresponding month of 2010, Mahindra & Mahindra (M&M) said in a statement.

In the domestic market, the company registered a rise of 21.12% at 39,352 units during the month compared to 32,491 units in the year-ago period, it added.

Total sales of passenger vehicles, including Scorpio, XUV500, Xylo, Bolero and Verito, stood at 18,756 units as against 16,987 units in October 2010, up 10.41%.

"We are delighted with a 20% growth in October in spite of the planned maintenance shutdown, which we undertook during this month. The XUV500 has received a phenomenal response with 8,000 plus bookings in just 10 days," M&M Chief Executive (Automotive Division) Rajesh Jejurikar said.

The company is currently in the process of expediting deliveries before reopening bookings, he added.

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M&M had shut its facility for five days for maintenance in October 2011. Last year the company had done the same in November.

The company said sales of three-wheelers during October went up by 17.04% to 6,332 units from 5,410 units during the same month last year.

The company's Gio and Maxximo mini-trucks and other four-wheeler commercial vehicles sales increased by 41.22% last month to 13,101 units from 9,277 units in the year-ago period, the statement said.

Light commercial vehicle sales from Mahindra Navistar Automotives Ltd during the month stood at 1,163 units as against 817 units in the same month a year ago, a rise of 42.35%.

M&M's exports during the month jumped 7.49% to 2,154 units from 2,004 units during October 2010.

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First Published: Nov 01 2011 | 1:51 PM IST

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