Sales momentum to continue in next couple of months: M&M

Monthly auto sales numbers have started trickling in. Mahindra & Mahindra's (M&M's) November total auto sales came in slightly lower at 40,722 units versus 41,506 units (MoM), but were much better than expectations. The company's domestic sales stood at 38,159 units versus 25,166 units (YoY) and passenger vehicle sales was at 17,813 units versus 12,323 units (YoY).

Arun Malhotra, Senior Vice President of sales and customer care from the automotive division indicated that the auto sales saw a growth of 53% on a yearly basis. He also said that momentum should continue in next couple of months.
Talking about the XUV 500, Malhotra mentioned that the its volumes are ramping up. Here is the edited transcript of his interview to CNBC-TV18. Also watch the accompanying video. Q: Are you likely to see this 52% growth? Is demand good enough to carry this kind of a run rate through the quarter?
A: Demand momentum has been good. Last month this year, we had a growth of 20%, whereas, we had a growth of 53% this month. The combined the growth for the two months is 35%. We had some production shutdown for last month.
The cumulatively growth for our first eight months is 30% and for the last two months is 35%. Overall, although there are signs of the market toughening, but our products enjoy a very good level of acceptance. We believe the momentum should continue. Q: You have sold 41,500 units last month and 40,000 units this month (November over October). It has fallen by 1000 vehicles. Would that be material or one should ignore that?
A: I don