M&M posts 20%, Tata Motors 1% rise in Oct sales
2 Nov 2015 5:48 AM IST
Mahindra & Mahindra on Sunday reported 20 per cent surge in total sales at 51,383 vehicles in October, mainly of account of good demand for its recently launched TUV300.
It had sold 42,780 vehicles in the same month last year, the company said in a statement. In the domestic market, sales were up by 21 per cent to 48,815 units last month as against 40,278 units in October 2014.
Exports were up 3 per cent at 2,568 vehicles as against 2,502 units in the same period a year ago. Sales of passenger vehicles, including Scorpio, XUV 500, Xylo, Bolero and Verito, stood at 24,060 units as compared to 20,255 units in October 2014, up 19 per cent.
Commercial vehicle sales increased 31 per cent to 18,756 units last month against 14,345 units in the year-ago period, M&M said. “We are happy with our performance during October 2015, which has witnessed a positive growth of 20 per cent backed by excellent response garnered from the recently launched TUV300 as well as other brands such as XUV500, Scorpio, Bolero and pickups. We are quite hopeful of this positive growth momentum continuing for the rest of the year,” M&M Chief Executive (Automotive Division) Pravin Shah said.
He said the advent of the festive season has provided the much needed fillip for the auto industry especially on the back of the new launches of most manufacturers which has received an encouraging response.
“With the drop in interest rates and the fuel prices remaining benign, we expect the industry to maintain a good growth momentum going forward,” Shah added. Tata Motors reported 1 per cent growth in total sales at 43,486 vehicles for October 2015 compared to 42,862 units in the same month of last year.
Domestic sales of its commercial and passenger vehicles, however, were flat at 38,917 units in the month. Its exports rose by 13 per cent to 4,569 units in October this year from 4,059vehicles in October 2014, the company said in a statement.
In the passenger vehicle segment, Tata Motors recorded 11 per cent year-on-year growth at 12,798 units in the month under review, compared to 11,511 units, it said. “The growth trend was driven by the cars segment, specifically the new launches,” it said.
The sales of passenger cars in October 2015 were higher by 15 per cent at 11,049, compared to 9,594, in October 2014. UV sales declined by 9 per cent at 1,749, in October 2015. In commercial vehicles, medium and heavy vehicles sales rose by 20 per cent to 12,504 units. The Light & Small Commercial Vehicle sales however continued to reflect industry and declined 19 per cent to 13,615 units, the statement said.
It had sold 42,780 vehicles in the same month last year, the company said in a statement. In the domestic market, sales were up by 21 per cent to 48,815 units last month as against 40,278 units in October 2014.
Exports were up 3 per cent at 2,568 vehicles as against 2,502 units in the same period a year ago. Sales of passenger vehicles, including Scorpio, XUV 500, Xylo, Bolero and Verito, stood at 24,060 units as compared to 20,255 units in October 2014, up 19 per cent.
Commercial vehicle sales increased 31 per cent to 18,756 units last month against 14,345 units in the year-ago period, M&M said. “We are happy with our performance during October 2015, which has witnessed a positive growth of 20 per cent backed by excellent response garnered from the recently launched TUV300 as well as other brands such as XUV500, Scorpio, Bolero and pickups. We are quite hopeful of this positive growth momentum continuing for the rest of the year,” M&M Chief Executive (Automotive Division) Pravin Shah said.
He said the advent of the festive season has provided the much needed fillip for the auto industry especially on the back of the new launches of most manufacturers which has received an encouraging response.
“With the drop in interest rates and the fuel prices remaining benign, we expect the industry to maintain a good growth momentum going forward,” Shah added. Tata Motors reported 1 per cent growth in total sales at 43,486 vehicles for October 2015 compared to 42,862 units in the same month of last year.
Domestic sales of its commercial and passenger vehicles, however, were flat at 38,917 units in the month. Its exports rose by 13 per cent to 4,569 units in October this year from 4,059vehicles in October 2014, the company said in a statement.
In the passenger vehicle segment, Tata Motors recorded 11 per cent year-on-year growth at 12,798 units in the month under review, compared to 11,511 units, it said. “The growth trend was driven by the cars segment, specifically the new launches,” it said.
The sales of passenger cars in October 2015 were higher by 15 per cent at 11,049, compared to 9,594, in October 2014. UV sales declined by 9 per cent at 1,749, in October 2015. In commercial vehicles, medium and heavy vehicles sales rose by 20 per cent to 12,504 units. The Light & Small Commercial Vehicle sales however continued to reflect industry and declined 19 per cent to 13,615 units, the statement said.
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