Mahindra & Mahindra Auto Sales Up 29 Pc In June
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Mahindra & Mahindra auto sales up 29 pc in June

Auto-maker Mahindra & Mahindra today reported 29.11 per cent jump in its total sales in June, 2011 at 35,584 units.

The company had sold 27,562 units in the corresponding month of 2010, Mahindra & Mahindra (M&M) said in a statement.

In the domestic market, the company registered a rise of 28.69 per cent at 33,772 units as compared to 26,243 units in the year-ago period, it added.

Total sales of passenger vehicles, including Scorpio, Xylo, Bolero and Verito, stood at 16,053 units as against sales of 13,316 units in June 2010, up 20.55 per cent.

Sales of the Verito sedan went up by over two-fold to 1,510 units during the month from 563 units in the same month a year ago.

"We are happy with the 29 per cent growth that we have clocked in June, given the pressures of increasing interest rates and commodity prices," M&M Chief Executive (Automotive Division) Rajesh Jejurikar said.

The sales of three-wheelers and Gio and Maxximo mini-trucks during June jumped by 7.03 per cent to 5,149 units from 4,811 units during the same month last year.

The company's four-wheeler commercial vehicles sales increased by 65.02 per cent in last month to 11,560 units from 7,005 units in the year-ago period, the statement said.

Light commercial vehicle sales from Mahindra Navistar Automotives Ltd during the month stood at 1,010 units as against 1,111 units in the same month a year ago, a fall of 9.09 per cent.

M&M's exports during the month jumped 37.38 per cent to 1,812 units from 1,319 units during June 2010.

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