Mahindra & Mahindra’s November sales up 36%

Mahindra & Mahindra has announced that its passenger vehicles division (which includes UVs, cars and vans) sold 19,662 units in November 2015 as against 14,473 units during November 2014, registering a growth of 36 percent.

Speaking on the sales performance for November 2015, Pravin Shah, president & chief executive (Automotive), M&M, 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 percent cumulative growth for the current fiscal. We are happy to be in a positive growth phase at the end of November 2015.”