Mahindra and Mahindra records highest-ever monthly sales in October at 96,648 units

Mahindra sales in October: Mahindra & Mahindra on Friday reported its best- ever monthly sales in October with 96,648 units, marking a 20 per cent year-on-year increase.

Mumbai-based auto major had dispatched 80,679 units to dealers in October last year.

In utility vehicles segment, it sold 54,504 units in domestic market, a growth of 25 per cent over 43,708 units in year-ago period, Mahindra & Mahindra (M&M) said in a statement.

Overall passenger vehicle wholesales, including exports, stood at 55,571 units.

Domestic sales of commercial vehicles stood at 28,812 units last month, auto major said.

"We are excited to have clocked highest-ever SUV sales of 54,504 vehicles in October, a growth of 25 per cent and highest-ever total volume of 96,648, a growth of 20 per cent," M&M President Automotive Division Veejay Nakra said.

month began on a fantastic te with Thar ROXX garnering 1.7 lakh bookings in first 60 minutes and positive momentum continued across SUV portfolio through festive season, he added.

M&M's Farm Equipment Sector (FES) reported highest-ever monthly domestic sales at 64,326 tractors last month as compared with 49,336 units during October 2023.

Total tractor sales, including exports, last month stood at 65,453 units, as against 50,460 units in same period of 2023.

" tractor industry has seen a very robust growth on back of many positive factors coming toger, table being a very good monsoon, a good Kharif crop, high reservoir levels which will help in Rabi crops, and government's anuncement of higher MSP on key Rabi crops," M&M President FES Hemant Sikka said.

With festive season providing momentum to positive sentiments, company expects demand to remain strong in coming months, he added.

company exported 1,127 units last month, he ted.