Mahindra & Mahindra’s passenger vehicles division has announced sales of 20,537 vehicles in September 2016 as against 19,564 vehicles during September 2015, a growth of 5%.
This number comprised 19,206 UVs (+3%) and 1,331 cars and vans (+57%).
Commenting on the auto sales performance for September 2016, Pravin Shah, president and chief executive (Automotive), said, “A good and near-normal spread of monsoon as well as new vehicle launches have helped the auto industry perform positively. We do hope that the upcoming festive season brings in better demand due to improved sentiments. We are happy to have achieved an 11% growth (across its PV, M&HCV and three-wheeler divisions) during the first six months of the current financial in spite of the various uncertainties and challenges. Our exports during the six- month period have seen a good growth of 18%. We hope to continue this momentum for the remaining part of the year.”
Also read: Mahindra posts 29% sales increase in August