Mahindra's Auto Sector sells 42,848 units during September 2015
The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 19,564 units in September 2015 as against 21,141 units during September 2014. The company’s domestic sales stood at 39,693 units during September 2015 as against 42,408 units during September 2014. In September 2015, the Medium and Heavy Commercial Vehicles segment sold 511 units, registering a growth of 184%.
Exports for September 2015 stood at 3,155 units, registering a growth of 26%.
Speaking on the auto sales performance for September 2015, Pravin Shah, President & Chief Executive (Automotive), M&M Ltd. said, “While the auto industry has witnessed a slow and fragmented recovery, the recent interest rate reduction by the RBI is bound to infuse optimism. If the majority of the rate cut is passed on to customers by the lending institutions, it will bring back the momentum in auto sales especially during the upcoming festival season. At Mahindra, we are very happy with the performance of our exports and MHCV segments which have grown by 26% and 184% respectively. Our TUV300, which was launched in September, has received a very good response and we expect this to boost our overall performance going forward”.
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