Mahindra sales soar 11% to 40,656 units in May

Auto major Mahindra & Mahindra today reported a 11 per cent rise in total sales to 40,656 units in May.
The company had sold 36,706 units in the same month last year.
In the domestic market, sales were up 10 per cent at 36,613 units last month compared with 33,369 units in May 2015, M&M said in a statement.
Exports surged 21 per cent to 4,043 units during the month as against 3,337 units in May last year, it added.
Sales of passenger vehicles, including Scorpio, XUV500, Xylo, Bolero and Verito, also increased by 8 per cent at 19,635 units from 18,135 units in the same month last year.

Commercial vehicle sales rose 15 per cent to 13,109 units last month as against 11,407 units in the year-ago period, M&M said.
M&M Chief Executive (auto division) Pravin Shah said: "The favourable monsoon season will definitely lead to improved buyer sentiment that would likely bring a buoyancy in overall demand across all segments of the automotive industry. Going forward, we expect that our wider portfolio will drive growth."
Commenting on the diesel ban issue, he said: "We hope that regulatory interventions will settle at the earliest to enable the auto industry to operate in a stable regime and contribute to the planned growth of India's GDP.