Mahindra & Mahindra has announced that its passenger vehicles segment (which includes UVs, cars and vans) sold 22,088 units in January 2016 as against the 19,573 units of January 2015, recording a growth of 12.85 percent.
Speaking on the performance, Pravin Shah, president and chief executive (Automotive), M&M, said, “We are happy to have achieved this growth during January 2016 which has been possible due to the demand for our products especially the newly launched KUV100 and TUV300. The Auto Expo is expected to provide a strong fillip for the auto industry which would be beneficial for all OEMs. We are also hopeful that the upcoming Union Budget will have significant sops for the automotive industry, enabling it to post sustainable growth in times to come."
However, the Mahindra-owned Ssangyong brand sold a total of 10,082 units in January 2016; 6,571 units in domestic sales and 3,511 in exports, down 2.3 percent compared to January 2015.