Mahindra Auto domestic sales down marginally in October
MUMBAI: Indian automotive manufacturer Mahindra and
Mahindra's auto sector has sold 48,729 units in the domestic market in October
2016 as against 48,815 units during same month last year. Its exports grew by
28 percent and stood at 3,279 units.
The company sold 24,737 passenger vehicles and 23,399 utility vehicles in
October 2016, thereby representing 3 percent growth in each segments. However,
Mahindra commercial vehicles witnessed de-growth of 4 percent and sold 18,059
units.
Pravin Shah, President & Chief Executive (Automotive), M&M said,
"The festive season has brought about some cheer for the automotive
industry with improved sentiments, on the back of a near normal monsoon, rural
surge in demand and some new vehicle launches. Some pf our power brands such as
the Bolero, Scorpio, TUV300 and the Pickups have performed well."
Source : Mahindra
Auto domestic sales down marginally in October