Mahindra & Mahindra Ltd.

Mahindra & Mahindra (M&M), India’s leading SUV manufacturer, has reported an all time high monthly auto sales number of 53,438 units, representing a 29% growth over October 2011 which stood at 41,506 units.

The company’s passenger vehicles also registered all time high sales at 26,932 units in October 2012, a growth of 44% over the corresponding period last year. Its domestic sales stood at 51,316 units during October 2012, as against 39,352 units during October 2011, an increase of 30%.

The 4-wheeler commercial segment which includes the passenger and load categories has registered a growth of 26% at 16,561 units. Exports for the month of October 2012 stood at 2122 units. The production of XUV500 has been increased to 5,000 units per month starting October 2012, which will help in reducing the waiting period for one of the flagship products of the company.