Mahindra & Mahindra vehicle sales grow 32 pc in October

Mahindra & Mahindra (M&M ), the nation’s largest utility vehicle maker, has experienced a 32 per cent sales growth in October. Senior vice-president Arun Malhotra said, Lower interest rates and packages offered by finance companies have triggered sales in class B & C towns. Our strong distribution network in the rural markets has helped us notch up good sales numbers in these markets in the past few months.

It was witnessed that last month sales of Mahindra Xylo, Mahindra Bolero and Mahindra Scorpio models have overtaken Toyota Innova, Tata Sumo and Tata Safari and Chevrolet Tavera. It was estimated by the industry that Toyota Innova sold around 4,050 units, while Chevrolet Tavera sale stood at around 1,000 units in October.

The festive season of the past two months generated strong sales and has given the Indian automobile industry some respite from the slow performance of the last few months. Other than this Mahindra & Mahindra posted a 21 percent growth in tractors sales in October. It sold 18,772 units of tractors in October, compared with 15,465 units in a year-ago period.  With Auto Expo, Toyota Prius will launch in India next year.

Read More on : 2013 Mahindra Xylo