Mahindra Jan auto sales up 11% at 49,503 units

Mahindra & Mahindra 's total automotive sales in January rose 11 percent year-on-year to 49,503 units, driven by utililty vehicle demand, while exports and medium & heavy truck sales slumped.

The maker of  Bolero, Scorpio and XUV500 sold 26,555 units of its UVs and Verito sedan, up 33 percent year-on-year, while four-wheeler commercial vehicle sales rose 5 percent to 14,451 units.

Three-wheeler CV sales, however, declined 5 percent to 5,811 units and Mahindra Navistar, which sells medium and heavy trucks, saw sales slide 34 percent to 1,024 units.

Overall, the company's domestic sales rose 16 percent to 47,841 units. Exports halved to 1,662 units.

Year-to-date (April-Jan), M&M's sales are up 18 percent to 4.64 lakh units. While domestic sales have risen 18 percent, exports are up 10 percent.

At 13:40hrs, M&M shares were up 0.02 percent at Rs 889.45 on NSE.