Mahindra's Auto Sector sells 43,789 units during January 2016, registers a 10% growth

The 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 13%.

The company’s domestic sales stood at 40,693 units during January 2016 as against 37,045 units during January 2015. In January 2016, the Medium and Heavy Commercial Vehicles segment sold 611 units, registering a growth of 47%.

Exports for January 2016 stood at 3,096 as against 2,885 units in January 2015.

Speaking on the auto sales performance for January 2016, Pravin Shah, President & Chief Executive (Automotive), M&M Ltd. said, “We are happy to have achieved  a growth of 10% during January 2016 which has been possible due to the demand for our products especially the newly launched KUV100 and TUV300. The ensuing 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. We are also happy to see good growth in MHCV & Exports performances.”