Mahindra & Mahindra Records Highest Monthly Sales for October

Mahindra & Mahindra Ltd. (M&M Ltd today announced an all-time high monthly auto sales number of 53,438 units, representing a 29% growth over October 2011 which stood at 41,506 units. The company’s passenger vehicles also registered all time high sales at 26,932 units in October 2012, a growth of 44% over the corresponding period last year. Its domestic sales stood at 51,316 units during October 2012, as against 39,352 units during October 2011, an increase of 30%. The 4 wheeler commercial segment which includes the passenger and load categories has registered a growth of 26% at 16,561 units.

Published On Nov 01, 2012 14:59 IST

Published OnNov 01, 2012 14:59 IST

Last Updated OnNov 01, 2012 14:59 IST

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Exports for the month of October 2012 stood at 2,122 units. The production of XUV500 has been increased to 5,000 units per month starting October 2012, which will help in reducing the waiting period for the XUV500. Speaking on the performance, Pravin Shah, Chief Executive, Automotive Division, Mahindra & Mahindra Ltd. said, “The reduction of 25 basis points in CRR in the recently announced credit policy is a positive step. This however is not likely to result in a decrease of interest rates for corporate or retail credits and hence the current financing rates will still remain high for the auto industry customer which is a cause of concern. We are thankful to our customers whose support and acceptance of all our newly launched products has been instrumental in achieving our all-time high monthly sales during October 2012”.

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Raised in the Middle East, Wajeeh Khan spent most of his life in Doha, Qatar where he was originally educated in the field of communications and networking. He spent five years working and garnering experience in various fields including administration, insurance, sales and construction. However, Wajeeh has always had a deep seated passion for automotive writing, which has brought him back to his roots in India and although a fresher in the field, he is an obsessive enthusiast with an extreme and inquisitive nature and has his bases on the hows and whys of the functioning of a car, all covered. Armed with exceptional knowledge on the workings of the English language and his obsession for cars, he hopes to make a name for himself in the field of automotive journalism. Read more

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