Mahindra passenger vehicle sales up five per cent in September

Mahindra & Mahindra sales grew by five per cent in the last month compared to the same period last year. The Indian auto major managed to sell 19,893 units in September, 2014 – about 1,000 units more than corresponding month last year.

The numbers firmly position Mahindra as the third largest passenger car manufacturer, behind Maruti Suzuki and Hyundai. The overall positive sentiments in the Indian economy post elections have helped the auto industry as well. The auto industry has also benefited from this, showing a positive trend for five months on the trot. Mahindra will be hoping to see further growth next month owing to the festive season and launch of the new Mahindra Scorpio.

Speaking on the monthly performance, Pravin Shah, Chief Executive, Automotive Division & International Operations (AFS), Mahindra & Mahindra Ltd. said, "The sales numbers for September have been encouraging and we are glad that the automotive industry is turning the bend. We expect the ensuing festive season to bring in some much needed cheer with a slew of new launches from manufacturers as well as a reduction in the Current Account Deficit and stable and reducing fuel prices. At Mahindra, we are very happy with the positive growth, especially in our stronghold segments of UVs and Pick Ups which have grown by 9 per cent and 30 per cent, respectively. We do hope that the recently launched New Generation Scorpio will continue to be a trendsetter.”