M&M posts 20% rise in sales
Auto-maker Mahindra & Mahindra on Tuesday reported 20.32 per cent 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 said.
In the domestic market, the company registered a rise of 21.12 per cent 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 per cent.
The company said sales of three-wheelers during October went up by 17.04 per cent 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 per cent 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 per cent.
M&M's exports during the month jumped 7.49 per cent to 2,154 units from 2,004 units during October 2010.
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Anand Mahindra, chairman and managing director of Mahindra and Mahindra.
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