Tractor major M&M reported 31% jump in its tractor sales to 31838 units in October 2011; even as the auto-maker logged in total sales of 41506 units, up 20.32% from 34495 units sold October 2010 period.
Mahindra’s sales from passenger vehicles such as Scorpio, Xylo, Bolero and the all-new sports utility vehicle XUV500 amongst others arrived at 18756 units, up 10% from 16987 units in the year-ago period.
It needs to be pointed out that M&M had to suspend the bookings of its premium SUV XUV500, on receiving staggering response with initial sales topping out at 8000 bookings in the Indian car market. The auto-maker now plans to double the production of the SUV in next 8 months to meet over-whelming demand for the sturdy vehicle.
M&M Chief Executive from Automotive Division Rajesh Jejurikar stated:
"We are delighted with a 20% growth in October in spite of the planned maintenance shutdown, which we undertook during this month. The XUV500 has received a phenomenal response with 8,000 plus bookings in just 10 days.”
M&M exports stood at 1319 units in October 2011, up 46% from 903 units in the corresponding month last year. Domestic sales summed up to 30519 units for the period under review.