Companies

Scorpio drives M&M sales up 16% in September

PTI New Delhi | Updated on January 08, 2018

Domestic sales up 19% at 50,456 units; exports down 11% at 3,207 units

Mahindra and Mahindra has reported a 16 per cent increase in total sales at 53,663 units in September.

The auto major had sold 46,130 units in the same month last year, the company said in a statement today.

In the domestic market, sales were up 19 per cent at 50,456 units last month compared with 42,545 in September 2016.Exports declined by 11 per cent to 3,207 units in September against 3,585 in the year-ago month.

Sales of passenger vehicles, including Scorpio, XUV500, Xylo, Bolero and Verito, were up 23 per cent at 25,327 units compared with 20,537 in the same month last year.

Commercial vehicle sales grew 19 per cent to 19,201 units in September from 16,081 in the year-ago period, M&M said.

M&M President Automotive Sector Rajan Wadhera said: “The auto industry witnessed a buoyant demand in September leading up to the festive season. This upsurge has been witnessed both in urban and rural markets.”

He further said, “We are particularly happy with the performance of our Scorpio brand, which had its highest monthly sales in September since inception.”

Going forward, he said the company is confident of sustaining a growth momentum for the rest of the festive season.

Tractor sales

M&M has reported a 49 per cent jump in total tractor sales at 45,563 units in September this year. The company had sold 30,562 units in the same month last year.

Domestic sales came in at 44,000 units against 29,035 in the year-ago month, a growth of 51.54 per cent. Exports during the month stood at 1,563 units (1,527).

Mahindra and Mahindra President (Farm Equipment Sector) Rajesh Jejurikar said: “With good monsoon and improved kharif production estimates, we expect the positive sentiment to continue through the festive season.”

Published on October 03, 2017

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