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Mahindra sells 19662 units in November

Mahindra sells 19662 units in November
Nikhil Puthran Nikhil Puthran Wednesday 02 December 2015, 14:35 PM

Mahindra has sold 19, 662 passenger vehicles in November 2015 as compared to 14, 473 units in November 2014 registering a growth of 36 per cent. Auto sales numbers stood at 41,590 units during November 2015 as against 34,292 units during November 2014, representing a growth of 21 per cent.

The Mumbai based automaker’s significant growth during the festival period can be attributed to the introduction of the facelifted XUV500 as well as the TUV300 compact SUV. Mahindra recorded 19 per cent growth in October and has followed it up with a larger 36 per cent hike last month.

Commenting on the sales performance for November 2015, Pravin Shah, president and chief executive (Automotive), said, “The 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 GST will help and have a long term impact on the competitiveness of Indian auto industry. At Mahindra, we have been buoyed by our new product launches such as the TUV300 as well as growth momentum of existing products like the Bolero, Scorpio and XUV500. Our exports have been very encouraging, showing a 28 per cent cumulative growth for the current fiscal. We are happy to be in a positive growth phase at the end of November 2015.”

 

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