Mahindra & Mahindra vehicle sales reach all-time high in October
Total vehicle sales for the company grew 9 per cent year-on-year to a record 1,31,109 units during the month.
Mahindra & Mahindra Ltd recorded its highest-ever monthly vehicle sales in October, reaching 1,31,109 units, according to Business Standard.
The company reported that total sales grew 9 per cent compared to the same month last year. This figure includes exports, which saw a 77 per cent rise to 7,102 units.
Domestic passenger vehicle sales went up 2 per cent year-on-year to 73,338 units. Commercial vehicle sales also grew 4 per cent to 33,037 units.
M&M Automotive business President Velusamy R said the festive season and a refreshed portfolio maintained strong demand for SUVs, pick-ups, and three-wheelers. He noted that the XUV 3XO ZNG, the company's first CNG vehicle, has seen strong customer traction.
Within the commercial vehicle segment, three-wheeler sales, including electric models, rose 38 per cent to 17,632 units. LCVs in the 2-3.5 ton category grew 5 per cent to 28,654 units.
However, sales for LCVs under 2 ton fell by 4 per cent to 4,383 units.