Business Today
Loading...

M&M sales up 34%, two-wheel exports jump

In the domestic market, the company registered a rise of 32.41 per cent, at 32,491 units compared to 24,538 units in the year-ago period, a company statement said.

twitter-logo PTI   New Delhi     Last Updated: November 1, 2010  | 16:14 IST

Auto maker Mahindra & Mahindra (M&M) on Monday reported 34.38 per cent jump in its total sales in October at 34,495 units.

The company had sold 25,670 units in the corresponding month of 2009, a statement said.

In the domestic market, the company registered a rise of 32.41 per cent, at 32,491 units compared to 24,538 units in the year-ago period, it added.

Total sales of M&M utility vehicles, including Scorpio, Xylo, Bolero and pick-ups, stood at 15,908 units, against sales of 13,114 units in October 2009 - up 21.31 per cent.

Sales of Logan sedan went up over two-fold to 1,079 units during the month, from 401 units in the same month a year ago.

The company said sales of three-wheeler Gio and Maxximo mini-trucks during October jumped 30.96 per cent to 5,410 units, from 4,131 units during the same month last year.

Light commercial vehicle sales from Mahindra Navistar Automotives Ltd during the month, however, stood at 817 units, against 841 units in the same month a year ago, a fall of 2.85 per cent.

M&M's exports during the month jumped over two-fold to 2,004 units, against 882 units during October 2009.

The company reported over three-fold jump in its two-wheeler sales at 21,204 units in October.

The company had sold 6,804 units in the same month last year, M&M added in the statement.

"Consumers have laid their trust in the Mahindra two-wheeler brand. This is borne out of the momentum that is reflected in our monthly sales figures," M&M Scooter Sector President Anoop Mathur said.

The company has achieved a double-digit market share in the scooter segment last month and its consumer base is "growing rapidly", he added.

Youtube
  • Print

  • COMMENT
BT-Story-Page-B.gif
A    A   A
close