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India's Mahindra & Mahindra reports rise in September auto sales

India's Mahindra & Mahindra reports rise in September auto sales

- Indian automaker Mahindra & Mahindra MAHM.NS reported a 14% rise in domestic sales for September, helped by strong demand for its sports utility vehicles, though a drop in tractor sales weighed.

The automaker sold 64,092 units in India in September, compared with 56,233 units a year earlier.

Total tractor sales fell 21% year-on-year.

Shares of the company fell as much as 2.4% to 2,881.10 rupees following the sales update.



(Reporting by Saikeerthi and Aishwarya Jain in Bengaluru; Editing by Sherry Jacob-Phillips)

((Saikeerthi@thomsonreuters.com; (+91) 8296756080))

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