Mahindra sales move up 8% to 39,011 units in June

Auto major Mahindra & Mahindra reported an 8% rise in total sales to 39,011 units in June.

The company had sold 36,134 units in the same month last year.

In the domestic market, sales were up 5% at 34,991 units last month compared with 33,282 units in June 2015, M&M said in a statement.

Exports surged 41% to 4,020 units during the month as against 2,852 in June last year, it added.

Sales of passenger vehicles, including Scorpio, XUV500, Xylo, Bolero and Verito, also went up 7% to 17,070 units, from 15,880 units in the same month last year.

Commercial vehicle sales rose 6% to 13,540 units in June as against 12,737 units in the year-ago period, M&M said.

M&M Chief Executive (auto division) Pravin Shah said: "With the advent of a good monsoon which we are currently witnessing, we hope to see improved sentiment and a buoyancy in demand, enhancing rural prosperity."

On the diesel ban issue, he said: "We do hope that the Supreme Court while taking a decision on diesel vehicles ban in the NCR region will take cognisance of all facts, including the role the automotive industry plays in the country's industrial growth."