Mahindra & Mahindra has posted a 10 per cent rise in vehicle sales at 43,789 units in January compared with 39,930 units during the same a year ago.

The company’s passenger vehicles segment (which includes utility vehicles, cars and vans) sales rose 13 per cent to 22,088 units (19,573 units) during the month under review, M&M said in a statement.

“We are happy to have achieved a growth of 10 per cent during January 2016 which has been possible due to the demand for our products especially the newly launched KUV100 and TUV300. The ensuing Auto Expo is expected to provide a strong fillip for the auto industry which would be beneficial for all OEMs,” said Pravin Shah, President & Chief Executive (Automotive) at M&M.

“We are also hopeful that the upcoming Union Budget will have significant sops for the automotive industry, enabling it to post sustainable growth in times to come. We are also happy to see good growth in MHCV & Exports performances,” shah added.

The company’s domestic sales stood at 40,693 units (37,045 vehicles) during January 2016, while Medium and Heavy Commercial Vehicles segment sold 611 units, registering a 47 per cent growth.

Exports for January stood at 3,096 as against 2,885 units in January 2015.