M&M auto sales up 29% in June

M&M auto sales up 29% in June

New Delhi: Auto-maker Mahindra & Mahindra Friday reported 29.11% jump in its total sales in June, 2011 at 35,584 units.

The company had sold 27,562 units in the corresponding month of 2010, Mahindra & Mahindra (M&M) said in a statement.

In the domestic market, the company registered a rise of 28.69% at 33,772 units as compared to 26,243 units in the year-ago period, it added.

Total sales of passenger vehicles, including Scorpio, Xylo, Bolero and Verito, stood at 16,053 units as against sales of 13,316 units in June 2010, up 20.55%.

Sales of the Verito sedan went up by over two-fold to 1,510 units during the month from 563 units in the same month a year ago.

“We are happy with the 29% growth that we have clocked in June, given the pressures of increasing interest rates and commodity prices," M&M Chief Executive (Automotive Division) Rajesh Jejurikar said.

The sales of three-wheelers and Gio and Maxximo mini-trucks during June jumped by 7.03% to 5,149 units from 4,811 units during the same month last year.

The company’s four-wheeler commercial vehicles sales increased by 65.02% in last month to 11,560 units from 7,005 units in the year-ago period, the statement said.

Light commercial vehicle sales from Mahindra Navistar Automotives Ltd during the month stood at 1,010 units as against 1,111 units in the same month a year ago, a fall of 9.09%.

M&M’s exports during the month jumped 37.38% to 1,812 units from 1,319 units during June 2010.