Mahindra posts 29 pc jump in sales

In domestic market,the company registered a 26.57% rise in sales to 40,461 units,M&M said.

Auto-maker Mahindra & Mahindra today reported 29.09 per cent increase in sales at 43,087 units in February.

The company had sold 33,378 units in the corresponding month in 2011,M&M said in a statement.

“We are happy to maintain a healthy growth in February 2012 with all our brands doing well. While the XUV500 continues to create excitement in the market,the recently launched New Xylo has also evoked a very positive response from customers,” M&M Chief Executive (Automotive Division) Pravin Shah said.

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In the domestic market,the company registered a 26.57 per cent rise in sales to 40,461 units during the month compared to 31,967 units in the year-ago period,M&M said.

Total sales of passenger vehicles,including Scorpio,XUV500,Xylo,Bolero and Verito,stood at 20,573 units during the month under review as against 15,439 units in February 2011,translating into a 33.25 per cent increase.

However,the company said sales of its three-wheelers went down by 10.72 per cent to 5,111 units during February 2012 from 5,725 units during the same month last year.

Sales of the company’s Gio and Maxximo mini-trucks and other four-wheeler commercial vehicles increased by 36.54 per cent last month to 13,522 units from 9,903 units in the year-ago period,the statement said.

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Commercial vehicle sales from Mahindra Navistar Automotives Ltd stood at 1,255 units during the month as against 900 units in the same month a year ago,a rise of 39.44 per cent.

M&M’s exports jumped by 86.11 per cent to 2,626 units during the month from 1,411 units in February 2011.