Mahindra's Auto Sector registers 27% growth during April 2012
Mumbai, May 1 2012: Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, today announced a 27% rise in its auto sales numbers, which stood at 40719 units during April 2012 as against 32090 units during April 2011.
The company’s domestic sales stood at 39299 units during April 2012, as against 30349 units during April 2011, an increase of 29%. The Passenger Vehicles segment (which includes the UVs and Verito) has registered a growth of 33%, having sold 20558 units in April 2012, as against 15459 units during April 2011.
Speaking on the performance, Pravin Shah, Chief Executive, Automotive Division, Mahindra & Mahindra Ltd. said, “We are happy to have achieved a growth of 27% during the first month of the new financial year. We are particularly encouraged by the success of all our brands especially Bolero which figures in the top 10 selling passenger vehicles in India. Going forward, we will continue to work towards maintaining this growth momentum”.
|
Sales Summary April-2012 |
|||
|
Segment |
Apr F12 |
Apr F11 |
MOM Growth |
|
Passenger UVs (A) |
19057 |
14453 |
32% |
|
Verito (B) |
1501 |
1006 |
49% |
|
Passenger Vehicles (A+B) |
20558 |
15459 |
33% |
|
4-wheelers commercial (Passenger and Load) * |
13054 |
9538 |
37% |
|
3-wheelers |
4659 |
4411 |
6% |
|
MNAL |
1028 |
941 |
9% |
|
DOMESTIC TOTAL |
39299 |
30349 |
29% |
|
|
|
|
|
|
M&M EXPORTS |
1420 |
1741 |
-18% |
|
Verito Exports |
0 |
0 |
|
|
MNAL EXPORTS |
0 |
0 |
|
|
SECTOR TOTAL |
40719 |
32090 |
27% |
*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
Connect with us on www.facebook.com/mahindragroup
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