Automobile · Industry

Bumper Diwali for Mahindra & Mahindra , sales up for 70% .

Mahindra and Mahidra the largest UV maker said that it sold 11500 vehicles in domestic market on Dhanteras this year. Company posted a new high with the range of its protofolio of its SUVs Bolero , TUV 300 , Scorpio , XUV 300 . Since Dhanteras is said to be the auspicious day to buy new vehicle the company made the record sale on the day . With positive sentiment in the market and low interest rates offered by Banks , customers have shown an great interest in buying SUVs and MUVs this season .

The newly launched TUV 300 made a spectacular debut in the market with 12000 bookings in mid September . The company was forced to increase its manufacturing capacity to 5000 units per month because of the response .Also the lower end SUV Bolero broke the record made by Hyundai creata as the highest selling SUV .

Bihar, Madhya Pradesh, Uttar Pradesh and Rajasthan have contributed significantly to the sales for Mahindra . With this high Mahindra is said to pose a 19% growth in the passenger vehicle sale this October .

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