Mahindra and Mahindra a prominent player in the SUV market, have registered a 21 percent year-on-year growth for November 2015.
The company sold 41,590 units during November 2015 as opposed to the 34,292 units during November 2014, clocking a 21 percent increase in sales. The passenger vehicle segment managed to sell 19,662 units this year against the 14,473 last year, showing a growth of 36 percent.
Apart from the domestic sales, Mahindra also did well on the export front selling 2,207 units, making up for a 28 percent growth over last year.
Commenting on the occasion, Pravin Shah, President & Chief Executive, M&M Ltd. said, “The festive season coupled with new product launches as well as moderation in interest rates has seen the auto industry post a positive growth during the last couple of months. I believe speedy implementation of GST will help and have a long term impact on the competitiveness of Indian auto industry. At Mahindra, we have been buoyed by our new product launches such as the TUV300 as well as growth momentum of existing products like the Bolero, Scorpio and XUV500. Our exports have been very encouraging, showing a 28% cumulative growth for the current fiscal. We are happy to be in a positive growth phase at the end of November 2015.”
