Mahindra car sales surge to 23% in September as Scorpio records highest ever monthly sales

Key highlights:

• Mahindra announced a robust 23% growth in its passenger vehicle sales in September
• Scorpio had its highest monthly sales in September, since inception
• Commercial vehicle segment too posted a good 19% growth in sales

Mahindra & Mahindra (M&M) on Tuesday announced a robust 23% growth in its passenger vehicle sales in September on the back of Scorpio touching its highest ever sales mark. The company sales during the month grew to 25,327 units in September 2017 from 20,537 units in the same month last year.

This was as the company was back on the growth track when it came to its utility vehicle (UV) sales. Mahindra registered a 26% growth in sales as it sold 24,109 units in September 2017 in comparison to 19,206 units in the same month last year.

However, its cars plus vans segment sales saw an 8% decline during the month. It sold 1,218 units in September 2017 in comparison with 1,331 units sold in September 2016.

The company's total domestic sales stood at 50,456 units during September 2017, as against 42,545 units sold in the same month last year, a 19% growth.

The commercial vehicle segment too posted a good 19% growth in sales during the month. This was mainly added by the large 143% growth in the medium and heavy commercial vehicle (MHCV) segment.

MHCV sales of Mahindra soared to 884 units sold in September 2017 as compared to only 364 units sold in September 2016.

Total commercial vehicles sold in September stood at 17,803 units from 16,081 units sold in the same month last year.

Rajan Wadhera, President, Automotive Sector, Mahindra said, “The auto industry has witnessed a buoyant demand in September leading up to the festive season. This upsurge has been witnessed both in urban and rural markets. At Mahindra, we are very happy with our September 2017 performance with our passenger and commercial vehicle sales having grown at 23% and 19%, respectively. We are particularly happy with the performance of our Scorpio brand which has had its highest monthly sales in September, since inception. Going forward, we are confident of sustaining a growth momentum for the rest of the festive season.”

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