You are here: Home » News-IANS » Business-Economy
Business Standard

M&M's November sales up 21 percent

IANS  |  Mumbai 

Automotive major Mahindra and Mahindra (M&M) on Tuesday reported a rise of 21 percent in its overall sales, including exports, during November.

The company's overall sales stood at 41,590 units from an off-take of 34,292 units during the corresponding month of 2014.

M&M's domestic sales during the period under review rose by 23 percent at 39,383 units from 32,100 units sold in November last year.

The company reported modest growth in exports which inched-up by one percent at 2,207 units from 2,192 units shipped-out during the like month of last year.

Passenger vehicles sales increased by 36 percent at 19,662 unit from 14,473 units sold during November 2014.

Utility vehicles' off-take rose by 37 percent at 18,686 units from 13,613 units sold during during the corresponding period of last year.

Commercial vehicle segment reported a 17 percent rise in off-take during the month under review at 14,801 units from 12,622 units sold in the like period of last year.

However, three wheeler segment sales dipped by two percent at 4,920 units from 5,005 units sold during November 2014.

As per the company, festive season coupled with new product launches as well as moderation in interest rates has seen the auto industry post a positive growth during the last couple of months.

"I believe speedy implementation of goods and services tax (GST) will help and have long term impact on the competitiveness of Indian auto industry," Pravin Shah, president and chief executive (automotive) for M&M, was quoted as saying in a statement.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, December 01 2015. 15:26 IST