The automotive division of Mahindra & Mahindra (M&M) is confident that it would be able to maintain the double digit growth in the third quarter of current fiscal year as well.

In October, the Indian auto giant enjoyed a year-on-year growth of 29 per cent in its automobile sales to 53,438 units, thanks to strong sales of passenger and light commercial vehicles.

Pravin Shah, chief executive officer (automotive division), M&M, said, "We were seeing good growth in sales and volume. We expect the double digit growth to continue in the third quarter."

Mr. Shah was speaking at the lunch of premium sports utility vehicle (SUV) `Rexton' - the first product from South Korea-based automobile giant Ssangyong Motor Company. It is worth mentioning here that M&M owns a majority stake in SsangYong Motor.

The ex-showroom price of RX5 variant in Chennai is Rs 18.08 lakh, while that of RX7 is Rs 20.11 lakh.

Speaking on the topic, he added that the recovery trend depicted by SsangYong Motor was better than the company's expectations, and that it would achieve a turnaround in a year or two.

Reponding to a query, the chief of the automobile division of M&M also revealed that the company was trying to grow further by adding value, and that it was open to new acquisitions, if such opportunities helped meet its global aspirations. However, he refused to comment on reports that M&M could acquire a stake in Aston Martin.