Mahindra's Auto Sector registers 28% growth during May 2012

Mumbai, June 1 2012: Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, today announced a 28% rise in its auto sales numbers, which stood at 43988 units during May 2012 as against 34323 units during May 2011. 

The company’s domestic sales stood at 39938 units during May 2012, as against 32159 units during May 2011, an increase of 24%. The Passenger Vehicles segment (which includes the UVs and Verito) has registered a growth of 27%, having sold 21154 units in May 2012, as against 16702 units during May 2011.

Speaking on the performance, Pravin Shah, Chief Executive, Automotive Division, Mahindra & Mahindra Ltd. said, “We are happy to have achieved a growth of 28% during May 2012 in spite of difficult and uncertain market conditions. All our brands, especially those in the personal category are doing well. With the planned ramp up of production capacity and the re-opening of bookings of the XUV500 effective 8^th of June pan India, we expect to meet the demand of many more of our XUV500 customers”.

Sales Summary May 2012

*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 USD 15.4 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