Mahindra & Mahindra LTd.'s Automotive Sector registers 29% growth in February 2012

Passenger vehicles grow by 33%

Mumbai, March 1, 2012: Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, today announced a 29% rise in its auto sales numbers, which stood at 43087 units during February 2012 as against 33378 units during February 2011.                                                             

The company’s domestic sales stood at 40461 units during February 2012, as against 31967 units during February 2011, an increase of 27%. The Passenger Vehicles segment (which includes the UVs and Verito) has registered a growth of 33%, having sold 20573 units in February 2012, as against 15439 units during February 2011.

The 4-wheeler commercial segment which includes the passenger and load categories has registered a growth of 37% at 13522 units in February 2012. Exports for the month have also grown by an impressive 86%.

Speaking on the month’s performance, Pravin Shah, Chief Executive, Automotive Division, Mahindra & Mahindra Ltd. said, “We are happy to maintain a healthy growth of 29% in February 2012, with all our brands doing well. While the XUV500 continues to create excitement in the market, the recently launched    New Xylo has also evoked a very positive response from customers”.

*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                                             

Email: balwani.roma@mahindra.com