Monday, 1 August 2011

M&M posts highest monthly sales in July; up 41 pc



Auto-maker Mahindra & Mahindra today reported its highest ever monthly sales at 39,633 units in July 2011, registering 41.30 per cent jump over the same period last year. 

The company had sold 28,049 units in the corresponding month of 2010, Mahindra & Mahindra (M&M) said in a statement. 

In the domestic market, the company registered a rise of 41.90 per cent at 37,323 units during the month compared to 26,303 units in the year-ago period, it added. 

Total sales of passenger vehicles, including Scorpio, Xylo, Bolero and Verito, stood at 17,312 units as against sales of 12,825 units in July 2010, up 34.99 per cent. 

Sales of the Verito sedan went up by over two-fold to 1,630 units during the month from 752 units in the same month a year ago. 

"We are delighted with the 41 per cent growth in our automotive business in July and the record for highest ever sales. All our brands have been doing very well and Verito continues its very strong demand momentum,"M&M Chief Executive (Automotive Division)) Rajesh Jejurikar said. 

However, the sales of three-wheelers and Gio and Maxximo mini-trucks during July fell marginally to 5,395 units from 5,418 units during the same month last year. 

The company's four-wheeler commercial vehicles sales increased by 91.01 per cent in last month to 13,472 units from 7,053 units in the year-ago period, the statement said. 

Light commercial vehicle sales fromMahindra Navistar Automotives Ltd during the month stood at 1,144 units as against 1,007 units in the same month a year ago, a rise of 13.60 per cent.

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