Exports grow by 89%, XUV5OO bookings to re-open this month
Mumbai, January 1, 2012: Mahindra & Mahindra Ltd. (M&M Ltd.), a part of the US $14.4 billion Mahindra Group, today announced a 26% rise in its auto sales numbers, which stood at 42761 units during December 2011 as against 34062 units during December 2010.
Despite industry slowdown and rising input costs, the company’s domestic sales stood at 39891 units during December 2011, as against 32546 units during December 2010, an increase of 23%. The 4-wheeler commercial segment which includes the passenger and load categories has registered a growth of 35% at 13757 units.
Speaking on the numbers, Rajesh Jejurikar, Chief Executive, Automotive Division, Mahindra & Mahindra said, “We are delighted with the 26 per cent growth in December, thanks to the great all round performance of all our brands. We thank our customers for their support and loyalty and wish them a prosperous new year”.
Sales Summary December2011
*Includes Maxximo, Gio, Genio & Bolero Pick up
About The Mahindra Group
The Mahindra Group focuses on enabling people to rise. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology and vacation ownership. Mahindra has a presence in the automotive industry, agribusiness, aerospace, components, consulting services, defence, energy, financial services, industrial equipment, logistics, real estate, retail, steel and two wheelers.
A US $14.4 billion multinational group based in Mumbai, India, Mahindra employs more than 144,000 people in over 100 countries.
In 2011, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful listed companies in the world. Dun & Bradstreet also ranked Mahindra at No. 1 in the automobile sector in its list of India’s Top 500 Companies. In 2010, Mahindra featured in the Credit Suisse Great Brands of Tomorrow.
In 2011, Mahindra acquired a majority stake in Korea’s SsangYong Motor Company.
For further information, please visit www.mahindra.com
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For further enquiries please contact:
Ms. Roma Balwani
Senior VP & Group
Head - Corporate Communication
Mahindra & Mahindra Ltd
Phone: (+91-22) 24975176