M&M clocks 38 pc growth in pick-up segment

Mumbai, Oct 12 (UNI) Passenger and utility vehicle major Mahindra and Mahindra has reported a growth of 38 per cent in the pick-up segment of the Maxx Maxi truck in the April-September period.

M&M also clocked 83.2 per cent market share in September. The Company closed the fiscal year 2007 with a market share of 63 per cent.

The small cargo carrier industry comprises the large three-wheeler, mini trucks and pick up vehicles. The current market size is over 150,000 vehicles.

Vivek Nayer, VP marketing, M&M said, ''Maxx maxi truck has the industry dynamics by creating its own segment between the mini truck customers.'' UNI AD MAZ VKG1555