India’s largest utility vehicle manufacturer, Mahindra, sold 52,008 vehicles in October 2016 as compared to 51,383 units sold during October last year, registering a growth of mere 1.01 per cent. Whereas, the exports for October 2016 stood at 3,279 units registering a growth of 28 per cent over October 2015.
There is a three per cent growth in the passenger segment, which includes cars, vans and UVs. They sold 24,737 units in October this year as against 24,060 vehicles during the same period last year. Mahindra's domestic sales were at 48,729 vehicles during October 2016, when it sold 48,815 units during October last year.
Commenting on the sales performance for October 2016, Pravin Shah, president and chief executive, Mahindra and Mahindra, said, “The festive season has brought about some cheer for the automotive industry with improved sentiments, on the back of a near normal monsoon, the rural surge in demand and some new vehicle launches. Some of our power brands such as the Bolero, Scorpio, TUV300 and the Pickups have performed well. At Mahindra, we are happy to achieve a 28 per cent growth in our exports. We have expanded our electric vehicle portfolio (zero emissions) over the last one month by adding the eSupro range and the e2oPlus. We have a cumulative growth of 12 per cent in UV, 19 per cent in Exports and a 9 per cent overall growth and hope to see the growth momentum continue for the remaining part of the year.”
