Automobile major Mahindra and Mahindra reported a 22% rise in its January sales at 44,717 units from 36,718 units sold during the corresponding month of 2011.

Mr Arun Malhotra senior vice president sales and customer care automotive division of Mahindra & Mahindra in a statement said that "We are happy to achieve all time high sales of 44,717 units and a strong growth of 22% thanks to the good performance of all our brands.”

He added that our XUV500 continues to create excitement in the market and the second round of bookings has evoked an overwhelming response.

The company said domestic sales grew by 20% at 41,369 units in the month under review from 34,601 units sold during January 2011.

Exports in January zoomed by 95% at 3,348 units from 1,713 units shipped out in the corresponding period of last year.

The company further said that its "Four wheeler commercial segment which includes the passenger and load categories has registered a growth of 35% at 13,725 units (as compared to 10,193 sold in January, 2011)."

(Sourced from ET)