Mahindra & Mahindra sells 22,088 units in January, up 13% YoY

Mahindra & Mahindra (M&M) has announced that its Passenger Vehicles segment (which includes UVs, cars and vans) sold 22,088 units in January 2016 as against 19,573 units during January 2015, a growth of 12.85 percent.

Speaking on the sales performance for January 2016, Pravin Shah, president and chief executive (Automotive), M&M, said, “We are happy to have achieved this growth during January 2016 which has been possible due to the demand for our products especially the newly launched KUV100 and TUV300. The Auto Expo is expected to provide a strong fillip for the auto industry which would be beneficial for all OEMs. We are also hopeful that the upcoming Union Budget will have significant sops for the automotive industry, enabling it to post sustainable growth in times to come.” 

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